The Euro slowed on Friday, signaling that strong rally of past four days might be showing initial signs of fatigue on approach to next very significant barrier at 1.1722 (base of falling and thickening daily Ichimoku cloud). Bulls managed to crack strong resistance zone at 1.1667/97, consisting of Fibo 38.2% of 1.2082/1.1410 descend and converged…
Key Highlights EUR/USD started a fresh decline after it faced rejection near 1.1625. A major contracting triangle is forming with support at 1.1450 on the 4-hour chart. GBP/USD is moving lower and might struggle to stay above 1.3120. WTI Crude Oil prices show bullish signs above the $105 resistance. EUR/USD Technical Analysis The Euro struggled…
Key Highlights EUR/USD started a fresh decline and traded below 1.1550. It traded below a bullish trend line with support at 1.1520 on the 4-hour chart. GBP/USD extended losses and traded below 1.3320. Gold prices are showing signs of weakness below $4,550. EUR/USD Technical Analysis The Euro failed to settle above 1.1620 against the US…
EUR/USD fell to 1.1549 on Monday, with the US dollar extending gains from the previous session amid heightened demand for safe-haven assets as the Middle East conflict escalates. The confrontation between the US and Israel against Iran has entered its fourth week with no signs of de-escalation. Donald Trump has threatened to strike Iran’s energy…
“King Dollar” returned with a vengeance last week as global markets were jolted by a volatile mix of geopolitical escalation and a dramatic repricing of U.S. monetary policy expectations. The greenback surged broadly, pushing Dollar Index back above the psychological 100 level. The question now is how long Dollar can keep the “throne”. To answer…
Global markets closed the week under the growing shadow of a rapidly escalating energy crisis. What began as a geopolitical confrontation in the Middle East has now evolved into a far broader macro shock, forcing investors to reassess everything from inflation risks and monetary policy to equity valuations and currency dynamics. At the center of…
Global markets closed February under conditions few anticipated even days ago. The events in the last 48 hours have shifted the framework from negotiation risk to open conflict. A geopolitical “black swan” has moved from theoretical scenario to live reality. What had been treated for months as a tail risk scenario has now materialized into…
Global markets were forced to face three major developments last week, each capable on its own of destabilizing sentiment. Instead of buckling under the weight of legal, monetary, and geopolitical shocks, investors responded with surprising composure. At the end of the week came a landmark legal decision in the US that struck at the core…
As indicated by the Bollinger Bands width indicator, the EUR/USD market remained relatively subdued in February, with the indicator twice retreating towards its lower boundary. However, price action over the past two sessions suggests renewed activity — the range formed between 11 and 17 February has been broken to the downside by sellers. From a…
Markets In yet another session stripped of volumes, volatility and news worthy the name, an overlooked NY Fed tariff study of last week drew some attention. It was Kevin Hassett’s (director of the National Economic Council) aim at the conclusion that ironically enough brought it back in the spotlight. He disagrees with the findings that…