WTI Crude Oil Wave Analysis

Key Highlights NZD/USD rallied above the 0.6050 and 0.6120 resistance levels. A major bullish trend line is forming with support at 0.6120 on the 4-hour chart. Gold started a consolidation phase and might climb above $2,525. EUR/USD and GBP/USD remained supported and might eye more upsides. NZD/USD Technical Analysis The New Zealand Dollar started a […]

Markets Markets yesterday initially reacted stoic to Saturday’s attack of Iran and against Israel. European and US equity markets even opened in green. Brent oil briefly dropped below the $90 p/b mark. Investors apparently expected any Israeli reaction to be guarded as the international community advocated de-escalation. Yields also resumed the uptrend that was interrupted […]

Eurozone appears to be on the mend but ECB still on track to cut in June For the euro, rate outlook beyond June increasingly more important Flash PMI readings for April are due on Tuesday, 08:00 GMT Will PMIs confirm tepid recovery signs? The euro area economy stagnated in the middle of 2023 but narrowly […]