This is what you need to know to trade today Wednesday April 27: The intensifying flight to the safe haven during the American session caused global equities to suffer heavy losses on Tuesday and fueled another rally in the US dollar index DXY, which rose to its highest level in more than two years near […]
Tag: Commodities
AUD/USD drops to lowest level since late February, below 0.7200
AUD/USD dipped below 0.7200 on Monday to its lowest level since late February, down more than 1.0% on the day. The pair is weighed down by concerns over expanding lockdowns in China and the associated sharp drop in global commodity markets. The underperformance of the Australian dollar that dragged down the AUD/USD Low support around […]
Dollar rally accelerates due to risk aversion
This is what you need to know to trade today monday april 25: With the safe haven money flows Dominating financial markets at the start of the week, the dollar continues to gain strength against its main rivals and the DXY US dollar index has reached its highest level in more than two years at […]
Safe Haven Flows Dominate Markets Ahead of PMI Data
This is what you need to know to trade today friday april 22: Aggressive comments from central bankers allowed global yields to rise on Thursday and caused markets to turn risk averse ahead of the weekend. The US dollar index, which fell below 100 for the first time in a week on Thursday, made a […]
XAG/USD looks vulnerable near 1.5 week low around $24.75
-637861334267743226.png "XAG/USD looks vulnerable near 1.5 week low around .75")
Silver saw aggressive selling on Thursday and fell to a low in more than a week. The technical setup favors bearish traders and supports the prospects for further losses. The recovery attempt could now be seen as a selling opportunity near $25.00. XAG silver was under intense selling pressure on Thursday and fell to a […]
Dollar selling pauses, spotlight on central bankers at IMF event
This is what you need to know to trade today Thursday April 21: Pressured by the sharp decline seen in US Treasury bond yields, the dollar weakened against its main rivals on Wednesday. The dollar holds its ground at the start of the European session on Thursday, as investors expect the FOMC chairman, Jerome Powelland […]
Expect acceptance above the 21-day SMA on the way to recovery
WTI price is resuming the uptrend after sharply correcting on Tuesday. A weaker US dollar and lower inventories offer support to US oil. Acceptance above the 21-day SMA at $103.24 is critical to resume the uptrend. WTI (NYMEX futures) is looking to extend the bounce above the $103 level during the European session on Wednesday, […]
Dollar pulls back from multi-year highs before mid-level data
This is what you need to know to trade today Wednesday April 20: The global bond sell-off continued on Tuesday with the 10-year US Treasury yield rising to its highest level since late 2018, near 3%. However, after posting its highest daily close in nearly two years at 101.00, the US Dollar Index (DXY) turned […]
WTI falls to $105 despite Libya outage and Shanghai reopening
WTI price is on a corrective decline from three-week highs. WTI bulls ignore Libyan fuel supply cut and Shanghai reopening news. OPEC+ produced some 1.45 million barrels per day below target last month, according to API data. The WTI (NYMEX futures) is down more than 1.20% so far on Tuesday, breaking a four-day uptrendwhile the […]
Dollar rally continues as European investors return from Easter break
This is what you need to know to trade today tuesday april 19: Rising US Treasury yields and cautious market sentiment allowed the US dollar to outperform its rivals at the start of the week. During the Asian session on Tuesday, the US dollar index DXY hit its highest level since April 2020 at 101.02 […]
