WTI Oil Futures Plummet But 50-day SMA Caps Downside
WTI oil futures (December delivery) have been experiencing a prolonged decline since mid-June when the price failed […]
Aussie Dips as Inflation Expectations Jump
The Australian dollar has extended its losses today. AUD/USD is trading at 0.6412, down 0.29%. […]
Dollar Index: Dollar Remains at the Front Foot But Eyes US Inflation Data for Stronger Signal
The dollar index remains constructive in early Thursday’s trading, following Wednesday’s 0.65% bounce (the first […]
EURUSD Fails to Remain Above 1.0000; Neutral in Medium-Term
EURUSD is meeting the parity level again, dropping beneath the 20-period simple moving average (SMA) […]
AUDUSD Misses Bullish Target; Bias Neutral-to-Bearish
AUDUSD turned red after facing a strong rejection around the 0.6500 level on Wednesday. Notably, […]
US Oil Struggles for Support
WTI crude plunges over a buildup in US storage. The price turned south after it […]
XAUUSD Tests Key Resistance
Bullion pulls lower as traders reposition ahead of US inflation data. The price has recouped […]
AUDUSD Consolidates Gains
The Australian dollar steadies as inflation expectations beat estimates. After the pair found support over […]
Hope Fades Ahead of CPI Data
We’re seeing some risk aversion in financial markets on Thursday as we await inflation data […]
Long-Awaited US CPI Release Will Take Center Stage Today
Markets Yesterday, a rather inconclusive outcome of the US midterm elections initially left markets looking […]
Will US Inflation be the Next ‘Hot Beat’ on the Dance Floor?
The hottest beats on the dancefloor these days are inflation reports, with the vast majority […]
ECB bulletin: Further weakening of economy into beginning of 2023
In the monthly economic bulletin, ECB said the Governing Council expects a “further weakening” of […]