Technical Analysis
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Gold finds some support ahead of $4,300 as USD remains depressed on receding Fed hike bets
Gold attracts some follow-through selling for the second consecutive day on Friday. Geopolitical risks act as a tailwind for the…
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Euro gains as receding Fed hike bets weigh on USD; geopolitical risks cap upside
EUR/USD builds on the overnight bounce from an over-one-week low amid a softer USD. Signs of cooling US inflation further…
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GBP strengthens to near 1.3500 as Fed rate hike bets ease
GBP/USD gains traction to around 1.3495 in Friday’s early European session. US PPI inflation was flat in July, below expectations.…
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Moller-Maersk Gains 7% Amid Tensions Around the Strait of Hormuz
Shares in the Danish shipping giant A.P. Moller-Maersk A/S (MAERSKB.DK) rose by as much as 8.7% on Thursday, reaching their…
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Coffee Down 5% on ICE. Profit-Taking Hits the Market Despite Low Arabica Inventories
Arabica coffee futures on ICE are down around 5% today, pulling back sharply after the strong rebound from their June…
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Orange Juice Futures Near Multi-Year Lows – What Does the CoT Report Show?
ICE-listed orange juice futures (ORANGE) are trading near multi-year lows, while the latest Commitments of Traders report for Frozen Concentrated…
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Oil declines under the weight of inventories
Brent Crude loses over 1% due to long-term forecasts and an unexpected increase in US commercial inventories Oil prices are…
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Green Open in Europe. Adyen Shares Jump 10% After Earnings
European indices opened Thursday’s session slightly higher, with sentiment supported primarily by US inflation data that came in broadly in…
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Chart of The Day – GBP/USD down on slower UK GDP growth! Unbreakable sideways trend?
The pound snaps its winning streak following the release of the latest UK GDP data. Economic growth slowed noticeably, although…
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Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds
XRP remains under pressure, trading around the $1.00 support zone, where a close below suggests a deeper correction. XLM is…
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