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Markets In the absence of key eco data, both in the US and Europe, central bankers’ talk today was again earmarked as the main guide for bond markets. ECB board member Isabel Schnabel in the FT gave an in extenso assessment on the importance of the ECB walking the last mile to defeat inflation. She […]

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06/12/2023

GBP/USD: Cable – Limited Correction Likely to Precede Fresh Rise, US Labor Data in Focus

Cable is holding within a tight range on Wednesday morning, as two-day pullback found a footstep on broken Fibo support at 1.2585, though stronger dollar and weaker than expected UK data continue to sour the sentiment. Traders await release of US labor data (ADP report is due later today and NFP on Friday) for fresh […]
14/10/2024

BTCUSD – Fresh Bulls Broke Through 200DMA Which Capped Action for Two Weeks

BTCUSD regained traction on Monday and resumes bull-leg off 58850 (Oct 10 low) after two-day pause. Fresh advance broke through 200DMA (63302) which capped the action in past two weeks, advancing around 3.5% during Asian and European session. Bulls cracked Fibo barrier at 64691 (76.4% retracement of 66495/58850) and eye next pivot at 65424 (falling […]
11/09/2024

Gold Shifts Attention to Uncharted Territory

Gold looks for a bullish breakout above rectangle Bullish sentiment dominates; stability cannot be ruled out US CPI inflation figures due for release at 12:30 GMT Gold rapidly approached the upper band of its three-week-old tight range at 2,530, increasing the possibility of entering unexplored territory. The ball is still on the bulls’ court according to […]