Technical Analysis
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Higher Oil Prices Are Here to Stay
The oil price surged above $100 per barrel at one stage on Thursday morning, although it is backing away from…
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Trade of The Day – NZD/CAD
Facts: Short term sentiment remains downward from the beginning of FebruaryThe price reacted to the upper limit of 1:1 structure at…
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Gold sticks to modest losses as reduced Fed rate cut bets boost U.S bond yields and USD
Gold drifts lower for the second straight day on Thursday, though it lacks follow-through selling. Rising Oil prices revive inflation…
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AUD/USD Price Moves away from multi-year top, slides to 0.7125 amid firmer USD
AUD/USD drifts lower on Thursday and snaps a four-day winning streak to a multi-year peak. Rising Middle East tensions continue…
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Earnings – Rheinmetall Super Growth But, Markets Expect More
Europe’s leading defense industry company, Rheinmetall, published its results today. Despite strong revenue growth, a solid improvement in margins, and…
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EIA Report And Current Middle Eastern Conflict Let’s the Blind Lead The Bind
EIA data showed a stronger-than-expected decline in fuel inventories in the US, although crude oil inventories increased more than forecast.…
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Meta’s Propriety AI Chips “No Dependence no Control”
Meta Platforms is intensifying the development of its own artificial intelligence chips as part of the strategic MTIA project, planning…
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Trade of The Day – EUR/JPY
Facts: On March 9, the EUR/JPY rate returned above the 30-day exponential moving average (EMA30; light purple) and has maintained…
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Inflation heated up even before the energy price shock
Let’s take a break from the escalating conflict in the Middle East and turn our attention once again to macroeconomic…
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WTI Price Struggles near $82.00, 200-hour holds the key for bulls amid Iran war
WTI attracts fresh sellers on Wednesday, though it manages to hold above the 200-hour SMA. The broader technical setup has…
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