Technical Analysis
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Australian Dollar jumps after Bullock’s hawkish remarks; seems poised to climb further
The Australian Dollar attracts fresh buyers in reaction to RBA Governor Bullock’s hawkish remarks. Bets for more Fed rate cuts…
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Gold remains confined in a range as traders await more cues about Fed’s rate-cut path
Gold remains confined in a range as traders opt to wait for the crucial FOMC rate decision. Dovish Fed expectations…
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XAG/USD consolidates around $58 as Fed’s policy comes into spotlight
Silver price trades sideways around $58.00 as investors await the Fed’s monetary policy announcement. The Fed is expected to cut…
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USD/INR retraces as FIIs selling momentum cools down
The Indian Rupee attracts bids against the US Dollar; however, its outlook remains uncertain. The amount of stake dumped by…
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Kloeckner (KCO.DE) Shares Gain 20% Subject to Takeover
European indices are posting slight gains during the first phase of Monday’s session – the EU50 is up 0.06%, the…
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Trade of The Day – OIL.WTI.
Facts: OIL.WTI falls back below the 50-day EMA The RSI for the last 14 days remains in the 50-point zone.…
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Gold bulls seem hesitant ahead of Fed decision on Wednesday; downside seems cushioned
Gold regains positive traction on Monday as Fed rate cut bets continue to undermine the USD. Geopolitical risks further benefit…
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Bitcoin Rebounds Above $90k
Cryptocurrencies are gradually recovering at the start of Monday’s session. The weekend did not bring a cascading sell-off after Friday’s…
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EUR/USD – JP Morgan Recommendation
JP Morgan issued a recommendation for the EURUSD currency pair. The Bank recommends taking a long position on the pair…
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Chart of The Day – OIL.WTI.
WTI crude prices have stabilized around 60–61 USD per barrel. The market is trying to balance India’s renewed purchases of…
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