The Pound Is Losing Momentum
The Pound Sterling continues to fall against the USD on Monday; the instrument is mostly trading at 1.2117. First of all, the Pound got under significant pressure from the USD, which has pretty much improved recently. Secondly, statistics published by...
Yen Extending Rally on Negative Sentiment
Negative sentiment started earlier in the day following weak economic data from China, and spread particular serious to some commodities like oil and copper. Aussie is currently leading New Zealand and Canadian Dollar down. Yen is trading generally higher, taking...
AUD/USD Pair Started a Steady Increase from $0.6920
The Aussie Dollar started a steady increase from the 0.6920 zone against the US Dollar. The AUD/USD pair was able to move above the 0.7000 resistance zone. It surged above the 0.7050 level and the 50 hourly simple moving average....
Downside Breakouts in Euro and Sterling Crosses to Overshadow Dollar Volatility
Expectations on the size of next Fed rate hike shifted again last week, with stocks cheering lower than expected consumer inflation reading in the US. Dollar ended as the worst performer but it did have a late come back following...
Sterling Falls Broadly after GDP, Dollar Paring Losses
Sterling falls broadly today while smaller than expected GDP contraction didn’t ease recession worry. Euro is also weak following decline in Germany benchmark yield, but Yen was worse. Dollar, on the other hand, is trying to reverse this week’s losses,...
Natural Gas Futures Tick Higher as Bullish Forces Linger
Natural gas futures (September 2022 delivery) have drifted higher again after their recent downside correction faltered. Even though the latest spike seems to have encountered resistance at the upper Bollinger band, the commodity continues to retain a bullish near-term picture. The...
UK Prelim Q2 GDP and Recession Outlook
After their last meeting, the BOE warned that 5 quarters of negative growth were coming. The consensus of expectations shows that there could be starting with data reports from tomorrow. There is an avalanche of data before the market opens,...
Oil Report: Bulls to Disrupt Current Stabilisation?
WTI’s price was on the rise yesterday, yet overall seems to remain rather stable yet at lower levels than our last report as the price remains near $90 per barrel. It should be noted that the data released related to...
Oil Report: Bulls to Disrupt Current Stabilisation?
WTI’s price was on the rise yesterday, yet overall seems to remain rather stable yet at lower levels than our last report as the price remains near $90 per barrel. It should be noted that the data released related to...
Dollar Recovering Mildly after Selloff, Aussie and Kiwi Strong
After yesterday’s selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most advantage for now, helped by risk-on sentiment. But Swiss Franc...