100 selected UK big companies that are components of the FTSE 100 index. Bullish trend may end this day. I see a bullish potential, the price is in the hourly resistance area. Price is possible to be bullish in the future.
DE 30 is considered a strong measure of German and European economic health. German regulators put that collapse down to fears for the country's economy in the face of curbs in the supply of Russian gas that underpins industry, said one person with knowledge of the matter. Germany could be opening a bleak chapter. Although it held up better than the euro area as a...
Apart from the very aggressive increase in interest rates by the US central bank (The Fed), the recession issue has also made the US dollar a safe-haven choice. The Fed until last June has raised interest rates 3 times with a total of 150 basis points to 1.5% - 1.75%. This month, the world's most powerful central bank will again increase by 50 - 75 basis points,...
The RBA on other hand has recently committed to a more aggressive tightening path for monetary policy than previously anticipated by the market. The Australian fundamental backdrop remains strong with low unemployment, solid growth, positive international trade and debt at relatively tame levels. The BoJ recently committed to extending their yield curve control...
Normally, a state leader resigning and creating new political uncertainty would cause a sharp selloff in the country’s currency, But Johnson’s departure, after two days of “utter domestic political chaos”, should at least reduce some of the downside risks facing the pound The initial reaction in the pound sterling and UK gilts confirm markets are broadly taking...
USOIL fell below USD 100 as recession fears grew, fueling concerns that the economic slowdown would cut demand for petroleum products. In the macro trend, oil tends to be bearish. By the end of this year if the economy is heading into a recession. In a recession scenario with rising unemployment, bankruptcy of households and firms, commodities will chase a...
The Australian Central Bank has again raised its benchmark interest rate to suppress inflation that continues to soar. It was the third consecutive increase in the Reserve Bank of Australia's (RBA) monthly meeting. Closing its meeting on Tuesday (5 JULY 2022), the RBA raised interest rates by 50 basis points to 1.35%, marking a 125 basis point gain since May and...
US Independence Day holidays could limit XAU/USD moves and so could the hawkish bets that have recently eased on the Fed's next move. However, this week's Federal Open Market Committee (FOMC) Meeting Minutes and the US Jobs report will be very important to watch. Gold fell slightly as it tried to hold on to $1,800 during Monday's Asian session, after declining...
The RBA is expected to raise rates by 50 basis points at its July 5 meeting, bringing the rate to 1.35%. After raising the benchmark interest rate by 50 basis points in a hawkish surprise last month, Reserve Bank of Australia (RBA) Governor Philip Lowe has played down the possibility of a rate hike by 75 basis points, dampening weeks of speculation it will match...
The European Central Bank (ECB) will act against inflation which will remain at an unwelcomely high level for some time to come. (28/6) ECB President, Christine Lagarde promised to stabilize inflation to 2%.
Platinum is in critical area, closer to breakout support, risk of bearish potential. Big institutions and companies tend to decrease in demand, even though the supply of platinum is increaseing. I usually use 2 sources to see the sentiment of big players: 1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in...
The Organization of the Petroleum Exporting Countries and allied producers are expected to confirm as a mere formality their decision to expand oil production by 650,000 barrels per day in July and August. The OPEC+ group of producers including Russia, began two days of meetings on Wednesday, though sources said there was little prospect of agreement to pump more...
The Australian dollar is still down despite data released showing a rise in retail sales, even hitting an all-time high. The high retail sales were not due to demand, but high inflation. High inflation means prices have increased. The seller also recorded a higher nominal sales. RBA board members see that although interest rates have been raised twice, they are...
The European Central Bank (ECB) will act against inflation which will remain at an unwelcomely high level for some time to come. ECB President, Christine Lagarde promised to stabilize inflation to 2%. (28/6) The consumer price index (CPI) in the euro zone rose at a pace of 8.1% in May 2022, an all-time high. EURGBP JULY 2022 EURGBP JUNE 2022 EURGBP...
This week Europe and the United States are focus on releases of important economic data and speeches which certainly have a high impact on the EURUSD market. Here are 2 scenarios that can occur. The price is still moving in a bearish channel approaching the resistance area. the ECB is trying to immediately tighten policy amid the energy crisis and military...
World crude oil prices tended to be bearish, continuing the correction a week earlier, amid the aggressive United States central bank in raising its benchmark interest rate. Oil prices have been rising since last year and hit a record high this year on March 8, 2022 when Russia invaded Ukraine. The weakening of oil prices is the uncertain demand prospect from...
In a decade New zealand inflation rose to the highest level. RBNZ announced a halt to its quantitative easing program earlier due to a surprise rebound in business confidence, a sharp rise in inflationary pressures and a tight labor market. NZD had strengthened in May after the interest rate hike, but it was not enough to tackle inflation. NZDCHF 24th MAY 2022
The following chart shows important areas for EURJPY, in the short term the price tends to be bearish, mid-term tend to consolidating in the ascending triangle area. long-term waiting to breakout.