Technical Analysis
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EUR/JPY Price Forecast: Edges lower below 185.00, while near-term bullish bias holds
EUR/JPY posts modest losses near 184.95 in Thursday’s early European session. The cross keeps a bullish near-term tone, but further…
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Trade of The Day – US500
Facts: The market is currently pricing in a 49% probability of a rate hike in September . Major investment banks…
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The defense industry is recouping losses – is this a trend change?
European and U.S. defense companies are reporting further orders that point to sustained demand for military equipment. After many months…
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Cocoa prices are rising again. Will chocolate become even more expensive?
Key takeaways ICE cocoa futures have climbed back above $5,000 per tonne, nearly doubling from their late-February lows as investors…
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Chart of The Day – Gold Below Psychological $4,000 Level as Rate Hike Fears Deepen
Gold has slipped back below the psychological barrier of $4,000 per ounce, remaining trapped at 8-month lows. The precious metal…
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Defence stocks rebound, European indices hover at all-time high – Rheinmetall gains 4%
European equities opened Wednesday’s session without a clear direction after the STOXX Europe 600 closed at a fresh all-time high…
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Nike Slides After Earnings – Shares Hit a 12-Year Low
Key takeaways Nike warns of a longer turnaround as weak China demand overshadows earnings beat The company reported revenue of…
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Swiss Franc declines ahead of Swiss Real Retail Sales, SVME PMI data
USD/CHF holds gains as the US Dollar remains stronger amid escalating geopolitical friction. The CME FedWatch tool shows fed funds…
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USD/JPY Price – Extends rally to near 162.70 amid soaring US bond yields
USD/JPY rises to near 167.73 as US Treasury Yields soar, following upbeat US JOLTS Job Openings data. Investors shift their…
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EUR/USD Price – Weakens to near 1.1400 as ECB hike bets recede, bearish vibe prevails
EUR/USD weakens to around 1.1410 in Wednesday’s early European session. The negative outlook of the major pair remains intact below…
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