Technical Analysis
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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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Indian Rupee opens marginally lower as US Dollar trades firmly
The Indian Rupee ticks lower against the US Dollar as the latter holds on to Wednesday’s gains. The US Dollar…
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EUR/USD Price Flatlines below 1.1550, while staying bearish under 100-day SMA
EUR/USD steadies around 1.1520 in Thursday’s early European session. The major pair maintains a bearish tone, with the price holding…
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AUD/USD Price Struggles to extend rally above 0.7100
AUD/USD falls further to near 0.7050 as the Australian Dollar faces selling pressure. Financial markets seem unconvinced by the RBA’s…
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