EURUSD BREAKS ABOVE ASCENDING TRIANGLE AFTER LAGARDE STATEMENT The US dollar retreated slightly after strong economic data from the United States. Data by the commerce department showed that durable goods orders rose from 0.4% to 0.7%. That was a...
EURUSD BREAKS ABOVE ASCENDING TRIANGLE AFTER LAGARDE STATEMENT The US dollar retreated slightly after strong economic data from the United States. Data by the commerce department showed that durable goods orders rose from 0.4% to 0.7%. That was a...
GLOBAL STOCKS RECOVERY ACCELERATES AS VOLATILITY INDEX FALLS Global stocks continued their recovery as investors shrugged the rising inflation and the ongoing fear of higher interest rates. In the United States, futures tied to the Dow Jones rose by...
USDCHF DROPS BELOW BEARISH PENNANT AMID A HAWKISH SNB The Japanese yen went sideways against the US dollar after the latest inflation data from the country. According to Japanese statistics agency, consumer prices rose by 2.5% in May from...
USDCHF DROPS BELOW BEARISH PENNANT AMID A HAWKISH SNB The Japanese yen went sideways against the US dollar after the latest inflation data from the country. According to Japanese statistics agency, consumer prices rose by 2.5% in May from...
EUROPEAN STOCKS SLIP AS DALIO UNVEILS A $10 BILLION SHORT POSITION European futures turned lower on Friday morning as worries about the bloc’s energy situation continued. The main concern is that Russia could continue reducing its natural gas to...
EURCHF FORMS BEARISH PENNANT AS EUROPE GAS CRISIS ESCALATES The euro declined sharply against the US dollar as the energy crisis in Europe continued. In a statement, Germany warned that Russia’s moves to slash gas supplies to the region...
USDCAD FORMS HEAD AND SHOULDERS AFTER STRONG CANADA INFLATION DATA American stocks wavered on Wednesday as Jerome Powell testified before a Senate committee. In the statement, Jerome Powell warned that the battle to fight inflation could lead to higher...
USDCHF FORMS BEARISH PENNANT AHEAD OF SPEECH BY SNB The US dollar bounced back against key currencies after mixed housing data from the United States. Data showed that existing home sales dropped for the third straight month. They fell...
STERLING MOVES SIDEWAYS AMID UK TRAIN WORKERS STRIKE American stock futures jumped sharply on Tuesday as investors bought the dip. Futures tied to the Dow Jones rose by more than 480 points while those tied to the S&P 500...
EU STOCKS AND CRYPTOCURRENCIES REBOUND AS INVESTORS BUY THE DIP The euro bounced back on Monday even after Emmanuel Macron lost his majority in France’s national assembly. The hung parliament means that Macron will need to strike deals with...