CRUDE OIL PRICE OUTLOOK:Oil prices pulled back slightly during APAC trade after rising 5.7% a day agoA stronger US Dollar and elevated viral concerns appear to weigh on pricesUS crude inventories unexpectedly climbed, pausing an 8-week outflow streak Crude oil prices pulled back slightly during Thursday’s APAC session after...
Update: Gold price has returned to the red zone once again after a temporary reversal seen on Thursday, as a test of the sub-$1800 levels keeps calling. Gold price is holding the lower ground while approaching the $1800 mark, as the US dollar catches a fresh bid amid a...
EURO, EUR/USD, EUROPEAN CENTRAL BANK (ECB), LAGARDE – TALKING POINTS:Euro might be coiling up for a breakout on key ECB policy updateTop question is whether Largarde & company are ‘dovish enough’EUR/USD chart positioning hints selling pressure may be ebbingThe Euro has idled even as most of its major counterparts...
EUR/JPY remains well on the defensive and breaches 129.00. Further south comes in the 200-day SMA near 128.30 The weekly downside in EUR/JPY gathers extra steam and breaks below 129.00 for the first time since mid-March. The loss of this area should allow for further downside. That said,...
DXY keeps business near recent tops around 93.00. Next on the upside comes in the YTD highs in the mid-93.00s. DXY keeps pushing higher and looks to consolidate the recent breakout of the 93.00 mark to record new multi-month highs. In light of the recent price action, further...
EUR/GBP price, news and analsisThis session’s highlight for EUR/GBP traders will be the monetary policy announcement by the European Central Bank’s Governing Council and the subsequent press conference by ECB President Christine LagardeThe Eurozone central bank is widely expected to be dovish so the risk is that it proves...
NYSE:PLTR gained 0.70% on Monday, as the broader markets tumbled to start the week. Palantir continues to trade sideways ahead of its next quarterly earnings call. Yet another company that Palantir is invested in is set to go public. NYSE:PLTR took a turn to start the week on Monday,...
Bitcoin (BTC/USD), Ethereum (ETH/USD), and Alt-Coin Analysis and Charts:Bitcoin, Ethereum respect support, alt-coins jump.Elon Musk and crypto chatter.Heavyweight cryptos Bitcoin and Ethereum rallied of multi-week support levels Wednesday, paring back recent losses and dampening the recent bout of negative sentiment that has weighed on the market. The move was...
NZD/USD continues to suffer losses following Monday's drop. US Dollar Index rises for the fourth straight trading day. Wall Street's main indexes look to rebound on Tuesday. The NZD/USD pair lost more than 60 pips on Monday and extended its slide on Tuesday to touch its lowest level since...
NYSE:CCIV fell another 2.59% on Monday during an ugly session for the broader markets. Lucid rival Tesla announces FSD Subscriptions despite lukewarm reviews.  The electric vehicle sector awaits Tesla’s earnings call next Monday.  NYSE:CCIV extended its decline once again to start the week, as the broader markets were pummeled...