Trending
- EURUSD – bulls remain firmly in control, extending the rally above the thick daily cloud
- Gold extends its strong momentum and sets sights on another test of its record high
- EURUSD pushes higher as the post-Fed rally continues to gain momentum
- Fed lowers rates as anticipated, signals pause in further easing
- Silver surged past $60 to a new record high, supported by robust industrial demand and continued safe-haven buying
- Dollar index holds steady in subdued trading ahead of key Fed policy decision
- BTCUSD – recovery gathers pace, shifting attention to key near-term resistance levels
- AUDUSD extends its rally for the eleventh consecutive session
- Cable jumps higher on weaker-than-expected US ADP payrolls
- US private sector payrolls saw a sharp decline in November, according to ADP data
March PMI Indicates Slight Improvement in Euro Zone Business Activity
In March, there were signs of slight improvement in Euro zone business activity, as indicated by the Purchasing Managers’ Index (PMI). Although the recovery was uneven, with services activity accelerating while the manufacturing sector…
Read More...
Read More...
USDCHF Hits 4-Month High After SNB Rate Cut Dampens Swiss Franc
The USDCHF surged by 1% during the early European session on Thursday, spurred by the Swiss National Bank's unexpected decision to slash interest rates by 25 basis points. Market expectations had leaned towards the central bank maintaining…
Read More...
Read More...
Swiss National Bank’s Unexpected 25 Basis Points Interest Rate Reduction Rocks Markets
In a surprising move, the Swiss National Bank (SNB) has reduced its main interest rate by 25 basis points to 1.50%, diverging from the widely held expectation of maintaining rates at 1.75%.
This unexpected decision positions the SNB as…
Read More...
Read More...
Bullish Sentiment Holds Firm on Dollar Index Amid Fed’s Expected Hawkish Stance
The dollar index continues its upward trajectory, reaching a two-week high on Wednesday. This surge is fueled by optimistic sentiments regarding the Federal Reserve's forthcoming monetary policy decision. The central bank's anticipated…
Read More...
Read More...
Pause in Decline Above Strong Support Area, Awaiting Federal Reserve Comments for Direction
Bitcoin managed to rebound above $63,000 on Wednesday morning following a pullback from its recent peak, finding support just above the crucial Fibonacci level at $60,340 (38.2% retracement of the rally from $38,501 to $73,839) and the…
Read More...
Read More...
British Inflation Dips Below Predictions, Fueling Anticipation of BoE Rate Reductions Later in 2024
In February, British inflation displayed a slight easing, surpassing initial forecasts. This development has fueled expectations that the Bank of England might initiate interest rate cuts in the near future.
Annual…
Read More...
Read More...
Yen Weakens as Fed/BOJ Rate Gap Widens Further
The USDJPY pair surged nearly 1% following a significant policy shift by the Bank of Japan (BOJ), signaling a dovish stance that suggests any future tightening of policies will be gradual. This move accentuates the already substantial…
Read More...
Read More...
Bank of Japan Lifts Interest Rates for the First Time in 17 Years
After nearly a decade of maintaining negative interest rates, the Bank of Japan (BOJ) has opted for a significant policy shift. This marks a departure from its previous strategy of stimulating economic growth through extensive monetary…
Read More...
Read More...
Gold prices sink below $2,150 ahead of Fed meeting; copper rally cools
Gold prices slipped below the $2,150 mark in Asian trading on Monday, as investors shied away from non-yielding assets ahead of the Federal Reserve meeting later in the week, which is expected to provide further insight into interest rate…
Read More...
Read More...
Oil prices are on the rise as attacks on Russian energy facilities escalate.
Brent crude oil, a key benchmark, edged close to $86 per barrel on Monday, continuing its upward trend from last week. This increase comes as Ukraine intensifies its strikes on Russian energy infrastructure
Futures for Brent crude oil…
Read More...
Read More...