The dollar in the foreign exchange market is correcting some of the gains of the past three months. The dollar index has retreated below 103 after touching
Category: Analysis
The commodities feed: Wheat jumps after India restricts exports
Energy ICE Brent started the week on a soft note as weaker economic data from China weighed on sentiment, with Covid-related lockdowns slowing economic activity
Targets: EUR/USD vs US Dollar Index, WTI vs Brent, S&P 500 vs Nasdaq 100
SPX achieved target at 4068 then not written was the reversal from 4068. Overall, SPX was a 50 ish point trade from the very basics.
Intraday market analysis: USD hold onto recent gains
USD/CHF grinds higher The US dollar consolidates its gains as traders ponder whether inflation has peaked. A close above the parity, last seen in November 2019 indicates
Crypto and tech bounce back, Europe set for a positive week
Europe For those of a superstitious nature, and after the week we’ve seen in equity markets, perhaps a hint of apprehension wasn’t surprising as we
Gold fails essential support, but the bulls still have a chance
A sell-off in the equity market and a new wave of flight to the dollar on Thursday provided the perfect combination to knock out gold, which
Elliott Wave analysis: EUR/USD breaking down from a triangle
Stocks are trading down sharply, after the US CPI data yesterday when numbers above expectations were enough for speculators to sell stocks and buy the
GBP/USD Forecast: Near-term technicals turn bullish
GBP/USD has gained traction following Tuesday’s choppy action. The pair could extend its recovery in case 1.2400 turns into support. Markets remain cautiously optimistic ahead
Currency market: EUR/USD targets, AUD/USD, USD/JPY v USD/CAD
Yesterday’s EUR/USD target at 1.0627 traded to 1.0592. Lows achieved 1.0494. We knew this Sunday as the low point was reported at 1.0495. EUR/USD total range traded
Oil prices are kick starting the week by trading in positive territory
Oil Oil prices are kick starting the week by trading in positive territory. This is mainly because Hungary continues to resist an EU plan to