KirkBarton

KirkBarton

Current trend The US dollar shows flat dynamics in Asian trading, consolidating near 122.50. USD/JPY recovered sharply after a corrective pullback from last week's high at 125.10 after the publication of a strong report on the US labor market for March, which largely justified analysts' expectations. According to statistics, 431K new jobs were created outside...

KirkBarton

Current trend During the Asian session, the AUD/USD pair is actively growing, re-testing the level of 0.7500 for the breakout. The instrument is developing a "bullish" momentum formed at the end of the last week. However, the general dynamics of the short-term outlook remain flat for now. A strong report on the US labor market, published on Friday, did not allow...

KirkBarton

Current trend Gold prices are developing "bearish" dynamics, testing the level of 1920.00 for a breakdown. XAU/USD builds on the downward momentum that was formed at the end of last week, when the US currency received support after the publication of a strong report on US Non-Farm Payrolls and an increase in Treasury yields amid market expectations of a...

KirkBarton

Current trend GBP/USD is trading in a corrective trend against the backdrop of an increase in the US currency, being in the area of 1.3130. The British pound, against the backdrop of the publication of positive macroeconomic statistics, attempted local growth, which, however, turned out to be unsuccessful due to the positive dynamics of the US dollar. However,...

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Current trend During the Asian session, Brent Crude Oil prices show a moderate decline, testing the level of 103.00 for a breakdown. The instrument develops the downward momentum that formed yesterday when the market responded with sales to new statements by US President Joe Biden about his intention to additionally send 1M barrels per day to the market from the...

KirkBarton

Current trend The European currency shows flat dynamics of trading against the US dollar during the Asian session, consolidating near 1.1060 and waiting for new drivers. The day before, the euro showed a sharp weakening against the US currency, which did not allow the instrument to consolidate on new local highs from March 1. The return of "bearish" trend was...

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Current trend WTI Crude Oil lost about $5 a barrel on Thursday after reports that US authorities are considering releasing up to 180M barrels of "black gold" from their reserves, the largest energy release in the nearly 50-years history of the Strategic Oil Reserve. The measure will aim to combat the rapid rise in gasoline prices and the reduction in energy...

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Current trend The EUR/USD pair moves within a corrective trend, trading around 1.1161. Today is the deadline for transferring payments to rubles for Russian energy resources by "unfriendly" countries. The change in the settlement procedure was introduced since the foreign exchange reserves of the Central Bank of the Russian Federation were frozen by the EU...

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Current trend The yen failed to take advantage of the weakness of the US dollar and declined again during the morning session, being around ​​122.20. The ruling Liberal Democratic Party, led by Prime Minister Fumio Kishida, has begun discussions on a new emergency financial aid package to support the national economy amid soaring oil and other energy prices....

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Current trend During the Asian session, quotations of Brent Crude Oil show restrained growth, trying to consolidate above the psychological level of 109.00. Yesterday, the instrument was actively decreasing, which analysts attribute to fears of a sharp drop in demand for oil products from China. Since Monday, authorities in the city of Shanghai have announced...

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Current trend The New Zealand dollar shows mixed trading dynamics against the US currency in the Asian session, consolidating near the support at around 0.6900. Yesterday the instrument fell sharply, but this was due only to technical factors, as well as market hopes that the US Federal Reserve will accelerate the tightening of monetary policy in the near...

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Current trend The Nasdaq 100 index shows an uptrend, being at 14665.0. The US stock market continues to be supported locally by an increase in the number of retail investors trying to diversify their portfolios by directing their capital to assets that have lost the most value in order to escape high inflation. Netflix Inc. announced a deal to acquire mobile...

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Current trend The European currency is gradually decreasing against poor macroeconomic statistics, trading around 1.0953. The key event of the past week was the statement by Russian President Vladimir Putin that payment for natural gas supplies to "unfriendly" countries should now be made in rubles. The head of the European Commission, Ursula von der Leyen,...

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Current trend Supported by soaring commodity prices and positive employment statistics from the Stats N.Z. agency, the NZD/USD pair is holding at stable levels around 0.6945. Over the past month, the number of employed jobs in the country increased by 5,989K, which is 0.3% higher than in January. The sector of scientific and technological services showed the...

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Current trend Against the background of the growth of the Canadian currency quotes, the USD/CAD pair is moving in a local downtrend, trading around 1.2531. Important macroeconomic statistics were not published this week, and investors turned their attention to data from the Canadian Real Estate Association (CREA), according to which the average cost of housing...

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Current trend Against the backdrop of a slowdown in the growth of the US dollar, the NZD/USD pair is correcting within an uptrend near 0.6975. The positive dynamics of the instrument are supported by the news about the lifting of most coronavirus restrictions within the country. Yesterday, Prime Minister Jacinda Ardern announced that from April 4, the mandatory...

KirkBarton

Current trend The European currency shows moderate growth against the US dollar during the Asian session, recovering from the predominantly "bearish" trading dynamics of recent days. EUR/USD is trading slightly above the average Monday levels and is preparing to end the week with almost zero results. The focus of the market is on the EU summit in Brussels, which...

KirkBarton

Current trend The British pound made an attempt at local growth due to the publication of positive macroeconomic statistics, which was offset by an increase in the US dollar. At the moment, the GBP/USD pair is trading around the level of 1.3185. CPI rose by 0.8% MoM for February, which contributed to an increase in the annual rate to 6.2%. The core retail price...