The EURUSD coming into the US session had bounced near the 200-day MA and the 50% midpoint and looked toward the 100-day MA at 1.08549. The price did break above that 100-day MA, and in doing so, moved up to test the next target at 1.08656. That level is home to swing levels going back
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WTI crude oil daily WTI crude is near the highs of the day, up 70-cents to $83.45 in a reversal of losses that occurred in European trading. This is the fourth day in the past five that oil has climbed on signs of tightening US inventories and still-strong demand. Late yesterday, US Energy Secretary Jennifer
Gold prices retreated on Tuesday, hurt by a strengthening U.S. dollar, while investors geared up for the Federal Reserve’s interest rate stance from Chair Jerome Powell’s speech at the conclusion of the central bank‘s policy meeting on Wednesday. Spot gold fell 0.4% to $2,151.69 per ounce as of 10:15 a.m. EDT (1415 GMT), hovering near
Canadian Dollar falls sharply in early US session, triggered by an unexpected decline in Canada’s headline CPI and a more significant than anticipated slowdown in core inflation measures. This trend of disinflation is likely to reassure BoC that its efforts to curb inflation are bearing fruit, possibly at a quicker pace than initially projected. The
The US Dollar soars on Tuesday after Asian markets set the scene for a stronger Greenback. Traders are letting the dust settle over the BoJ rate decision ahead of US housing data. The US Dollar Index briefly hit 104.00 before retreating a touch. The US Dollar (USD) jumped firmly in the green on Tuesday, giving
USDCHF is moving higher and looks toward the Feb highs The USDCHF currency pair has seen a notable increase in activity, registering a 49 pip extension in its trading range today. This movement pushes it 3 pips beyond the 22-day average trading range, which equates to approximately one month of trading, making it the first
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices were flat on Tuesday as investors stayed on the sidelines ahead of the U.S. Federal Reserve‘s policy meeting this week that could offer further clues on the timing of likely interest rate cuts this year. FUNDAMENTALS * Spot gold was little changed at $2,160.97 per ounce, as of 0126 GMT. U.S. gold futures
Yen softened slightly in Asian session today, influenced by a robust rebound in strong rebound in Nikkei. Meanwhile, New Zealand Dollar received a modest boost, buoyed by an upturn in the country’s services data. This was mirrored by the Australian Dollar, which, along with the Kiwi, found support in the latest batch of Chinese economic
Indian Rupee loses traction on Tuesday amid a stronger USD. Fed is expected to hold rates steady in the range of 5.25%–5.50% at its March meeting. The US Fed interest rate decision on Wednesday will be the highlight of this week. Indian Rupee (INR) weakens on Tuesday on US Dollar (USD) purchases by state-run banks.
EURUSD looks toward the 38.2% retracement Not making a mountain out of a molehill, but the EURUSD is trading to a new session low. The price just ticked to 1.0876. The trading range for the day is still only 29 pips versus 49 pips average over the last month of trading. On the downside, the
AI image In New York law, losers in civil cases need to post the judgement against them before they can appeal. It will be interesting to see if he can convince the judge to lower it or postpone it as his lawyers claim he’s facing “insurmountable difficulties” in obtaining a bond. I imagine this is
Gold fell in the opening trade on Monday ahead of the US Federal Reserve’s policy meeting outcome due on Wednesday. The MCX April gold futures were trading at Rs 65,352 per 10 grams, down Rs 190 or 0.29% while the May Silver contracts were trading at Rs 75,356 per kg around 9:10 am, lower by
Yen’s continued weakness persists in today’s subdued market, despite growing expectations for a BoJ rate hike in the upcoming Asian session—a move anticipated to conclude its longstanding negative rates policy. Although the anticipated adjustment from -0.10% to 0.00% may seem minor, its symbolic significance for the Japanese economy is profound, as it heralds a new
Natural Gas prices are popping back above $1.80. European gas prices under pressure with Norwegian flow facing hiccups. The US Dollar Index trades in the mid-103.00 range ahead of two big central bank meetings. Natural Gas prices (XNG/USD) starts off in the green this Monday with traders bracing for actions from Russia after Vladimir Putin
USDJPY trades to a new session high. Targets 149.196 next. The USDJPY is moving to a new session high and in the process is now moving further away from the 50% midpoint of the move down from teh February high at 148.676, and a swing area between 148.82 and 148.888. The high price reached 149.06
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI)