USDCHF is moving higher and looks toward the Feb highs The USDCHF currency pair has seen a notable increase in activity, registering a 49 pip extension in its trading range today. This movement pushes it 3 pips beyond the 22-day average trading range, which equates to approximately one month of trading, making it the first
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to USD 85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate
Yen softened slightly in Asian session today, influenced by a robust rebound in strong rebound in Nikkei. Meanwhile, New Zealand Dollar received a modest boost, buoyed by an upturn in the country’s services data. This was mirrored by the Australian Dollar, which, along with the Kiwi, found support in the latest batch of Chinese economic
Natural Gas prices are popping back above $1.80. European gas prices under pressure with Norwegian flow facing hiccups. The US Dollar Index trades in the mid-103.00 range ahead of two big central bank meetings. Natural Gas prices (XNG/USD) starts off in the green this Monday with traders bracing for actions from Russia after Vladimir Putin
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold fell in the opening trade on Monday ahead of the US Federal Reserve’s policy meeting outcome due on Wednesday. The MCX April gold futures were trading at Rs 65,352 per 10 grams, down Rs 190 or 0.29% while the May Silver contracts were trading at Rs 75,356 per kg around 9:10 am, lower by
Yen’s continued weakness persists in today’s subdued market, despite growing expectations for a BoJ rate hike in the upcoming Asian session—a move anticipated to conclude its longstanding negative rates policy. Although the anticipated adjustment from -0.10% to 0.00% may seem minor, its symbolic significance for the Japanese economy is profound, as it heralds a new
USD/CAD appreciates to continue its winning streak on Monday. US Dollar could gain ground on expectations of the Fed maintaining higher interest rates to combat inflation. The higher WTI price could limit the losses of the Canadian Dollar. USD/CAD kicks off the week with its third consecutive day of gains on Monday, inching higher to
Welcome to our latest Bitcoin technical analysis! We delve into the daily timeframe, examining the recent movements and potential future directions of Bitcoin. 🔍 Today’s bitcoin technical analysis highlights: Observation of the past two daily candles and their proximity to the crucial 20 EMA, a significant indicator for algo firms and professional traders. A potential
Four key indicators from China. The January-February data has been combined to account for the moveable Lunar New Year holidays each year. Data released by China’s National Bureau of Statistics (NBS). Industrial Production y/y +7.0%, a beat expected +5.0%, prior +6.8% Retail sales y/y +5.5%, a beat expected +5.2%, prior +7.4% Fixed asset investment y/y
Oil prices edged lower on Friday but were on track to gain over 3% for the week, boosted by the International Energy Agency raising its 2024 oil demand forecast and an unexpected decline in U.S. stockpiles. Brent crude oil futures were down 47 cents or 0.6% to $84.95 a barrel at 1434 GMT, a day
The daily RSI shows a rise in selling traction, supported by the MACD depicting growing red bars. The hourly RSI indicates oversold conditions, signaling a potential pullback or bullish correction in the short term. Despite daily bearish tendencies, the pair still holds the 200-day SMA. The NZD/USD pair declined to 0.6086, with a significant 0.77% downturn
USDJPY trades to a new session high. Targets 149.196 next. The USDJPY is moving to a new session high and in the process is now moving further away from the 50% midpoint of the move down from teh February high at 148.676, and a swing area between 148.82 and 148.888. The high price reached 149.06
UPCOMING EVENTS: Monday: China Retail Sales and Industrial Production, Canada PPI, US NAHB Housing Market Index. Tuesday: BoJ Policy Decision, RBA Policy Decision, Eurozone Wage data, Eurozone ZEW, Canada CPI, US Housing Starts and Building Permits. Wednesday: PBoC LPR, UK CPI, FOMC Policy Decision, New Zealand GDP. Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, Australia Labour Market report,
Gold, with its timeless allure, has always been a beloved form of investment for Indian investors. Its rescind lifetime highs would be inspiring to gold enthusiasts. A perfect hedge against inflation, gold has been a safe haven, an epitome of stability. For centuries, in the face of economic upheavals, currency fluctuations, and geopolitical changes, gold
Gold retreats from the $2,180 mark, reacting to hot US inflation data and Fed’s cautious stance on policy easing. Rise in US Treasury yields post-PPI data release dampens XAU/USD’s appeal despite risk-off market sentiment. Gold remains subdued as Treasury yields inch higher and the US Dollar strengthens. Gold spot retreated from around the $2,180 area
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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