On Thursday, Japanese Yen futures dropped to 0.007780 as the Yen faced renewed pressure amid global yields rise. Markets are now waiting for central bank policymakers, including Fed Chair Powell, to make comments that could trigger further gains. Bulls anticipate a possible retest of the multi-year lows surpassed earlier this week around 0.007735. As traders Read More…
In response to a stronger US dollar, the Canadian $ (6C) fell from 0.7985 to 0.7930. A less aggressive than expected meeting by the ECB prevented higher oil prices from helping the CAD. Hawkish BoC could not help the bulls as the US dollar remains broadly stronger against its rivals. After rising to fresh weekly Read More…
Crude oil futures tend to fall further amid rising Covid in China. The release of the US oil supply may fuel the bears further. The technical bias remains on the downside. During mid-morning trading on April 11 in Asia, crude oil futures (CL) fell on concerns over China’s handling of the COVID-19 surge and stockpiling Read More…
Wednesday marks the fourth consecutive day that the CHF/USD pair has seen strong bearish momentum. The dollar surged near two-year highs in response to the Fed’s hawkish outlook. CHF safe haven boosted by softer risk tone ahead of FOMC minutes. In the first half of the European session, the CHF/USD futures (MSF1) exchange rate maintained Read More…
The 2-year yield in the US is nearly 2.5 percent for the first time since early 2019. The dollar continues to rise despite the mixed note in rates. The key focus for market participants is interest rate hikes in the United States and Europe’s ban on Russian gas. Future prices for EUR/USD (6E1) remain strongly Read More…
Fundamental analysis is important in the investment industry, whether you want to be an investor or a trader. The fundamental analysis approach is a way to evaluate the performance or value of an investment asset that you are interested in. Fundamental analysis does not utilize previous data trends to anticipate prices, unlike technical analysis, which Read More…
