As investors gear up for the weekend, following a busy trading week, Market participants are set on profit-taking, which seems to have been amongst the catalyst for the market’s trajectory. USD’ remains overly strong driven by U.S Treasury Yield, however as they swing in and out of gains, any assumed weakness could cause the USD to […]
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The Push & Pull between EUR/USD
The EUR remains volatile today, its attempts to crawl up from 5-months lows is undermined by ongoing Italian sell-off amid ongoing EU talks in Sofia Bulgaria in search of solutions for the imposed the US- Trade tariffs. EUR/USD was seen ranging tightly between 1.1793 – 1.1837. The USD continues its Bullish trend as yields resurge. […]
Monday Reversals and Corrections
The usual corrections and reversals could be spotted in full manifestation today, as Global Markets digest the previous week’s cause and effects. Oil dipped following Friday’s increase in U.S. Rig count as per the Baker Hughes Rig count, there were 10 new additional rigs, bringing the rig count from 834 to 844. Matters were further complicated when […]
Pre-Weekend Profit-Taking & Market shake up
Asian Markets opened positively with the Hang Seng leading the way. Motivating the EU markets to be hopeful, however with profit taking lurking reversals and corrections are inevitable for the day. Assets are likely, going to be oscillating between gains and losses. Germany 30(DAX30) is probably going to be ranging between (13,016.18 – 13,031.90), with […]
The Aftermath of U.S. Rate Decision Part II
The USD has been swing between tepid gains and loss as markets digested the day’s events. Clues from the day’s events have thus far been mixed, U.S. ISM Non-Manufacturing PMI was disappointing keeping the USD corned. GBP was also unable to hold onto recent gains as disappointing Service PMI weighs, a reported 52.8 vs forecasted […]
Oil Day Part II and FOMC Rate Decision
As per expectation, US crude slipped once again to 66.97 following U.S. Energy Information Administration (EIA) report which shockingly revealed a build-up in stocks. The prediction of 0.739m barrels was exceeded by nearly 5.5m barrels at a whopping 6.218m barrels. WTI Crude began recovering yet remains bearish, perhaps later sanction scares my boost prices. While […]