Wall Street advances on earnings optimism, dovish rate rise remarks The three main Wall Street benchmarks had their best days in over a month on Tuesday, with the Nasdaq closing up 2.2%, as investors responded to positive earnings and dovish comments from two U.S. Federal Reserve officials on interest rate rises. Johnson & Johnson advanced 3.1% to a second...
EUR/USD remains bid, extends the upside beyond 1.0800 EUR/USD adds to Tuesday’s gains and tests 1.0840. The dollar trims gains after following recent cycle peaks. Germany Producer Prices rose more than expected in March. The single currency keeps enjoying the renewed optimism and now pushes EUR/USD to new multi-day highs in the vicinity of 1.0850 on...
The Bank of Canada (BoC) is expected to raise rates by 75bp. Subsequently, the loonie is set to strengthen against the euro but weaken against the US dollar due to the stance of the European Central Bank (ECB) and the Federal Reserve (Fed), respectively, economists at Commerzbank report. Further CAD gains against the euro seem possible “On the market more than...
GBP Continue losing it strength if you look weekly time frame then you can see price trading on the Bottom Zone. I am Expecting hIgher Time Frame correction is Over and Now we can see rise continue in April.
Gold Price looks north as investors seek refuge amid inflation, growth risks. XAUUSD shrugs off firmer US dollar, yields on hawkish Fed’s outlook. Gold bulls keep their sight on $2,000 but acceptance above $1,990 is critical. Having booked the second straight weekly gain, gold price is setting off a new week on the right footing, as bulls regather strength after...
EUR/USD bulls are out and about in the run-up to the ECB. The US dollar is giving some relief to the forex space for which the euro is benefitting from. At 1.0902, the euro vs the greenback is higher by 0.13% and has travelled between 1.0882 and 1.0908 within a relatively tight range as markets consolidated within hourly ranges. Traders are awaiting the European...
Gold Price Forecast: XAU/USD bulls flirt with ascending channel /50% Fibo. confluence Gold prolonged its recent move up and shot to a near one-month high on Wednesday. Inflation fears, the Ukraine crisis, modest USD pullback remained supportive of the move. The prospects for a more aggressive Fed kept a lid on any further gains for the metal. Gold stretched its...
Gold Tests Resistance At $1950 As Demand For Safe-Haven Assets Stays Strong Gold managed to settle above $1935 and is testing the next resistance level at $1950. Gold attempts to move higher amid rising geopolitical tensions. Gold markets ignore rising yields and stronger U.S. dollar, which indicates that demand for the safe-haven gold is strong. A move above...
GBP/USD Price Analysis: At ‘make or break’ to near 1.3000 The cable is testing the yearly lows at 1.3000. For further movement in the asset, the momentum oscillator RSI (14) is advocating bears. The 200-EMA has acted as a major barricade for the pair. The GBP/USD pair has remained in a bearish trajectory after printing March highs to near 1.3300. The asset has...
EUR/USD bulls step it up from daily support, testing 1.0900, French elections in focus EUR/USD is on the front foot to start the week, testing 1.09 territories. The French elections have kicked started bulls into gear. French President Emmanuel Macron is leading in the polls of the last round of the presidential elections. EUR/USD is testing the 1.09 area at...
Are You ready to this Big Bull Move in Expected 2022 as per Technical Analysis . Let see what Will be Next Move. Keep and eye on BTC for the next move 38k & 40k zones are very sensitive for Buyers.
USD/CAD: All eyes on the BoC next week as US dollar reaches for the skies Bank of Canada is expected to announce that it is ending its balance sheet reinvestment program. USD/CAD presses against daily resistance as the Fed narrative underpins. USD/CAD is holding in the resistance around 1.2590 that was penetrated but simultaneously hamstrung the pair overnight,...
GBP/USD sees a downside to monthly lows at 1.3050 as the Fed looks to return to neutral rates quickly. GBP/USD is likely to slip to near 1.3050 on the hawkish stance from the Fed. The Fed may achieve the target of the neutral rate by the first quarter of 2023. Next week CPI numbers from the US and the UK will remain the key events to watch out. The GBP/USD pair...
EUR/USD looks to drop near 1.0850 on Ukraine crisis, hawkish ECB minutes EUR/USD is eyeing more downside as DXY strengths on discussions of restoration to neutral rates. The shared currency has failed to capitalize on hawkish ECB minutes and decent Retail Sales. Members of the UN Human Rights Council voted in favor of ceasing Russia as an associate. The EUR/USD...
EUR/USD has failed to stage a convincing rebound early Thursday. Hawkish tone in FOMC's March meeting minutes lifted US yields late Wednesday. Investors await ECB's Monetary Policy Meeting Accounts and Fedspeak. EUR/USD has extended its weekly slide on Wednesday and ended up closing the fifth straight trading day in negative territory. The pair managed to stage a...
Nasdaq 100 futures may be vulnerable to near-term losses after the index appeared to confirm a breakout under a bearish Double Top chart formation on the 4-hour chart. The neckline was taken out at 14725, exposing the 100-period Simple Moving Average (SMA). Immediate support appears to be the 38.2% Fibonacci retracement at 14380. Further losses may open the door...
S&P 500 retreats from 4600 on a dismal market mood, on Russia-Ukraine conflict The S&P 500, the Dow Jones, and the Nasdaq Composite recorded losses in a risk-off market mood, courtesy of Russo-Ukraine tussles. Russia insists on receiving natural gas payments in roubles, threatens to block proceedings in euros/dollars. Gold and the greenback are rising, while US...
NZD/USD Price Analysis: Crucial resistance of 0.7000, downside looks likely Confluence of psychological resistance of 0.7000 indicates the strength of bears. Kiwi bulls have surrendered their establishment above 61.8% Fibo retracement. The momentum oscillator RSI (14) seems losing its momentum after dropping below 60.00. The NZD/USD pair has displayed multiple...