April 1, 2024
AUD/USD
The Aussie-Dollar price remained largely unchanged in the last session. The RSI is giving a negative signal.AUD/USD remained largely unchanged in the last session.The RSI is giving a negative signal. Resistance 0.6549 Support 0.6507
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March 29, 2024
U.S. Inflation Comes In As Expected
U.S. equity and bond markets were closed on Friday in observance of Good Friday, but that didn’t stop the U.S. government from releasing its latest Personal Consumption Expenditures Index (PCE). Considering that this is the Federal Reserve’s favorite measure of inflation that will leave markets catching up on Monday. Fortunately the report shouldn’t cause much […]
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March 28, 2024
Asian Daily Market Review
Asian markets ended Thursday mixed as investors digested the possibility of delays to interest rate cuts in the U.S. after a Fed official floated the idea on Wednesday. Japan’s Nikkei was the biggest loser in the region, with the Yen remaining near a 34-year low amid speculation that the Bank of Japan is preparing for […]
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March 28, 2024
Oil Prices Rallied
Oil prices are into solid positions, following two consecutive days of losses. This is the case as markets predict more limited supply levels.OPEC+ producer alliance are very expected to preserve the present production reduction levels. Now, oil trades at $82.56, which is a gain of $0.91 or 1.12% from the previous close of $81.65. The […]
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March 28, 2024
Will The Bank Of Japan Intervene With The Yen?
Talk of intervention by the Bank of Japan is heating up as the Yen remains near a 34-year low against the U.S. dollar. The Yen reached a level of 151.97 against the U.S. dollar on Wednesday, something not seen for the currency pair since 1990. After hitting that level the Yen pared some of its […]
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March 27, 2024
Gold Surpasses $2,200 Level
At the close, spot gold was up 0.5% at $2,189.89 per ounce. U.S. gold futures settled 0.6% higher at $2,212.7. Gold prices leapt above the $2,200 level on Wednesday as investors prepare themselves for upcoming inflation data that is hoped to provide further signs that the Federal Reserve can move ahead with interest rate cuts […]
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