USD/CHF Gains Bullish Momentum, Fed Decision Next
Key Highlights USD/CHF started a major increase after it broke the 0.9250 resistance. It is up over 150 pips and broke many hurdles on the 4-hours chart. EUR/USD is still struggling below 1.1080, and GBP/USD is consolidating above 1.3000. The...
Euro Extends Rebound, Yen Selloff Continues
Sentiment is mixed overall as Russia invasion of Ukraine is continuing. Asia is split into two world, with Nikkei and Singapore markets steady. But Hong Kong and China stock markets are in steep selloff again, after US warned China of...
GBP/USD: Bears May Take a Breather Before Push through Psychological 1.30 Support
Cable is consolidating above new 2022 low (1.3009) the lowest since Nov 2020, as bears face headwinds from psychological 1.30 support and oversold daily studies. Bounce is likely to correct the latest fall, with RSI on daily chart emerging from...
Gold Updated Its Highs
In March, Gold updated its high at $2,078.80 and then started a correction. Early in a new week March week, the precious metal is trading at $1,977. Gold is an excellent tool for investors to protect them from the consequences...
Euro Recovering as Ukraine Holds Another Talk With Russia
European stocks are recovering mildly as Ukraine is going to have another round of talks. But overall sentiment is vulnerable is Russia continues massive shelling and there is no sign of a real stop in its invasion. In the currency...
Gold Price Entered a Short-Term-Bearish Zone Below $2.020
Gold price started a downside correction from well above $2,050 against the US Dollar. The price broke the $2,020 support level to enter a short-term bearish zone. The price even declined below $2,000 and the 50 hourly simple moving average....
Both Sides Express Some Optimism Over Peace Talks
Market movers today We start the week in a quiet fashion on the data front, but for markets developments in the Ukraine war and commodity prices will remain the key focus. US national security adviser Jake Sullivan and China’s top...
Dollar Extending Rally Against Yen, Fed and BoE to Hike this Week
Dollar is lifted by risk aversion sentiment in Hong Kong and China in Asian session today. The greenback’s strength is particularly apparent against Yen, Aussie and Kiwi. Euro is trying to recover against others but such recovery remains weak. The...
First Climax Reactions to Russia Invasion Done, USD/JPY Upside Breakout
The financial markets should have completed the first climax reaction to Russia to Ukraine. Both oil prices and gold spiked higher initially last week but pulled back since then. Stocks, in particular major European indexes, also staged a strong rebound...
Weekly Economic & Financial Commentary: Let the Tightening Cycle Commence
Summary United States: Intensifying War Pours Some Gas on Price Growth Russia’s invasion of Ukraine continues to loom large as the war has intensified. Most data released this week, however, do not capture the market volatility felt since the invasion...