CME Group’s preliminary figures for gold futures markets noted open interest shrunk for the second consecutive session on Monday, this time by almost 2K contracts. In the same line, volume went down for the second straight session, now by...
In opinion of FX Strategists at UOB Group, Cable remains poised to extend the move higher in the short-term horizon. KEY QUOTES 24-hour view: “Our expectation for GBP to ‘edge above 1.3760’ did not materialize as it dropped to 1.3680 before...
According to flash data from CME Group for crude oil futures markets, traders scaled back their open interest positions for the second session in a row at the beginning of the week, this time by just 951 contracts. Volume,...
Open interest in natural gas futures markets extended the choppy activity and went up by around 5.6K contracts on Monday in light of advanced prints from CME Group. On the other hand, volume shrunk by around 206.4K contracts after...
XAU/USD confirms symmetrical triangle breakout on the 4H chart. Acceptance above 100-SMA is critical to unleashing further upside. 200-SMA at $1863 is the next upside target amid bullish RSI. Gold (XAU/USD) has caught a fresh bid-wave in early Europe following...
S&P 500 futures look north amid bull cross on the 4H chart. Reflation trades to continue favoring riskier assets. The RSI holds firmer just beneath the overbought region. S&P 500 futures are flirting with record highs just above the 3,900...
The price of cryptocurrencies rallied overnight after Tesla revealed that it had acquired Bitcoin worth $1.5 billion. The company also revealed that it will start accepting Bitcoin in its stores and websites. This makes Tesla the most high profile...
NEW ZEALAND DOLLAR TALKING POINTS NZD/USD attempts to break out of the descending channel formation from earlier this year as it trades to a fresh monthly high (0.7233), and the pullback from the January high (0.7315) may turn out to be an...
Candlestick charts differ greatly from the traditional bar chart Traders generally prefer using candlestick charts for day-trading because they offer an enjoyable visual perception of price It’s important to understand the key components of a candle, and what they indicate,...
Tesla’s adoption of Bitcoin as a form of payment has propelled the cryptocurrency to fresh record highs. Rising inflation expectations may continue to bolster BTC in the near-term. The break above Bull Pennant resistance hints at further upside for the anti-fiat...
