Dollar Surges Broadly, Aussie Selloff Accelerates
Dollar is trading generally higher today and Middle East tensions seem to be out of traders’ mind already, without any new developments. Instead, markets are focusing back on fundamentals and central bank expectations. Thus, Australian and New Zealand Dollars are...
US 30 Index Holds Bullish Bias But Strong Resistance Awaits Near All-Time High
The US 30 index surpassed the red Tenkan-sen line and is currently trading slightly higher following the rebound on the latest low of 28,340, however, in the very short-term the technical indicators seem to be a bit flat The MACD is...
Stocks Seem Bulletproof, Oil Awaits Iran, Gold Rally on Pause, Bitcoin Rises
Risk assets are rising, despite an inevitable retaliation from Iran as markets anticipate intensifying proxy wars in the Middle East region. US stocks appear bulletproof after recovering most of the decline from the assassination of Iran’s top commander. The world...
WTI Oil Futures Hover above SMAs in Positive Outlook
WTI crude oil futures have been making higher highs and higher lows since October 2019 and yesterday the price touched a fresh eight-month high of 64.72, although it ended the day in the red. Today, the oil price is trying...
Wirecard shows risks of fashionable fintech
Short-sellers are reaping more than financial rewards from a multi-billion euro accounting fraud at German payments processing firm Wirecard. Among other measures to defend the now-stricken firm, German financial regulator BaFin temporarily banned shorting its shares in 2019. Now the...
In XP vs Itaú, XP is an archetypal David
Ever since 2016, when the then Itaú CEO – and now chairman of the board – Roberto Setubal agreed to buy into then privately held XP Investimentos (now Nasdaq-listed XP Inc), there had been an unsustainably quiet approach to their...
EURUSD Holds Below 6-Month High, Ascending In Short-Term
Since the beginning of the year, EURUSD has come under renewed selling pressure, dropping below the six-month high of 1.1240, reached on December 31. However, the pair remains above the 23.6% Fibonacci retracement level of the upward wave from the...
China keeps grain import quotas steady despite promise to buy more American, report says
Farmer walks through his soy fields in Harvard, Illinois. Nova Safo | AFP | Getty Images China remains vague on how much the country will increase purchases of U.S. farm goods, considered a critical part of a trade agreement with...
Yen Turns Soft as Sentiments Stabilized, No Further Escalation in Middle East Tensions
Market sentiments have generally stabilized, with no further escalation in Middle East tensions so far. Asian stocks are trading generally higher. US indices closed with slight gains after reversing initial losses. Focus should now be turned back to economic data....
Forex and Cryptocurrency Forecast
First, a review of last week’s events: EUR/USD. Holidays are for people to get distracted for a while from daily problems, plunging into the magic atmosphere of miracle expectation. And miracles happen, and financial markets are no exception, as we...
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