Technical Analysis
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WTI Price – Flat lines below $87.50 as bears await 100-day SMA breakdown
WTI edges higher as renewed hostilities between the US and Iran keep geopolitical risks in play. The lack of follow-through…
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Gold hits fresh low since March as inflation fears lift hawkish rate bets ahead of US CPI
Gold attracts heavy follow-through selling on Wednesday amid renewed US-Iran tensions. Inflation fears fuel bets for more hawkish central banks…
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USD/CNH Price Forecast: More downside likely below 6.7500
USD/CNH trades marginally lower to near 6.7750 as the US Dollar edges down. China’s CPI remains steady at 1.2% YoY…
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US CPI data expected to show inflation rose further in May, reinforcing bets of Fed rate hikes
The US Consumer Price Index is expected to rise 4.2% YoY in May as energy prices remain persistently high. Annual…
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The “Bulls” Are Back on the European Trading Floor
European indices are rising on Tuesday – the STOXX 600 is up by around 0.5%, the DAX is up 0.85%…
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Chart of The Day – USD/NOK
Monday’s rise in energy commodity prices proved short-lived, weighing further on the Norwegian currency. The USDNOK pair is approaching the…
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GBP/USD Price Forecast: Overall trend appears sideways amid Triangle formation
GBP/USD rises to near 1.3375 as the US Dollar corrects sharply. US President Trump sees a total victory over Iran…
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Why is the British Pound struggling when the BoE is considering rate hikes?
The British Pound (GBP) is struggling as mounting political uncertainty and deteriorating economic indicators complicate the United Kingdom’s outlook. Ahead of the key…
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Trade of The Day: USD/SEK
Facts: USDSEK is testing the support at 9.3990 The main trend from the end of May remains upward The pair…
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Gold draws support from weaker USD; bulls seem hesitant amid Fed hike bets
Gold steadies following the overnight bounce from its lowest level since March 23. Israel and Iran halt hostilities, undermining the…
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