GBP/USD is currently trading sideways below 1.2350 as traders monitor the Fed’s speech and Brexit news. For now, dollar consolidation keeps the pair above 1.2300, but fears that the UK may scrap the Northern Ireland protocol are weighing on us. Amid a widely mixed and indecisive feeling about risk appetite, the GBP/USD it is moving […]
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S&P 500: Wall Street finally regains ground after three-day plunge
Stocks are set to regain ground after the worst three-day losing streak in years. The dollar is calm, confirming its recent rise, but without setting new highs. Stable metals, near recent lows. Stocks are recovering after the worst three-day run since 2020. Wall Street futures are up 1% on average. The dollar is calm, as […]
Gold Price Analysis: XAU/USD consolidates at $1,860 ahead of Fed member statements
Gold is consolidating in the $1,860 area amid mixed sentiment and hesitation to trade after Monday’s risk-off session. The focus is on an upcoming flurry of speech from the Fed ahead of Wednesday’s release of key US CPI for April. Overall market risk appetite remains mixed and indecisive in the hours leading up to the […]
Fed: We need to be data driven, adjust policy based on circumstances – John Williams
The president of the New York Federal Reserve and member of the FOMC, John Williams, said on Tuesday that the central bank needs to be data-dependent and adjust its actions as circumstances warrant, Reuters reported. The Fed will move expeditiously to bring the Fed Funds target to more normal levels this year, he said, echoing […]
Silver Price Analysis: XAG/USD bears in control below $22.00
Silver price gives back its modest intraday recovery gains and approaches the yearly low again. The break below the $22.00 level could have already set the stage for further losses. The oversold of the RSI (14) on the daily chart warrants some caution before opening new bearish positions. Silver price (XAG/USD) struggled to capitalize on […]
EUR/JPY Price Analysis: More consolidation on the table
EUR/JPY remains on the defensive so far this week. Bullish attempts target 2022 highs around 140.00. EUR/JPY extends Monday’s decline and retests the 137.00 region on Tuesday. The cross appears to be back to previous consolidation for the time being. The breakout of this phase is expected to shift attention to a possible visit to […]
EUR/USD finds support above 1.0530, holds range
Equity markets bounce back after crash, contributing to some calm. EUR/USD remains in consolidation mode around 1.0550. The dollar remains firm in the market, without significant correction. The EUR/USD is trading flat from Monday’s close around 1.0555/60. It previously found support at the 1.0530 area from where it rebounded. In a broader perspective, the pair […]
USD/CHF continues to advance and approaches parity, Swiss franc weakens
Swiss franc weakened even despite risk aversion. Divergence between the Swiss National Bank with the rest hits the CHF. USD/CHF targets 1,000, with support at 0.9890. The USD/CHF continues with the consistent rally and rises for the 20th time on Tuesday, of the last 22 days. The pair reached as high as 0.9974, the highest […]
Oil: WTI falls to two-week lows and looks vulnerable
The bad moment in the global financial markets plays against oil. Concerns about the demand for crude pull the price down. It follows the European Union’s plan to ban purchases of Russian oil. Oil prices are falling on Tuesday, adding to Monday’s red. In this way they accumulate a decrease greater than 7% in just […]
USD/JPY Price Analysis: Stuck in a range above the bull line from two weeks ago
USD/JPY is trading in a range during the first half of the European session on Tuesday. The mixed technical picture prevents investors from opening aggressive directional positions. In addition, investors appear to be awaiting the latest US CPI consumer inflation numbers on Wednesday. The USD/JPY pair has no clear direction on Tuesday, oscillating between tepid […]
