Investors seek safety in the dollar as inflation and Chinese lockdowns fuel fears of recession. China’s zero COVID policy might lead to new restrictions and slowed growth. On Monday, the Australian dollar (6A) was pushed lower as the US dollar strengthened on positive inflation data. The dollar traded higher on Monday amid recession concerns as Read More…
Mixed signals on Monday left the index in a range. Musk’s threat to walk out of the Twitter deal spooks investors. Technically, the price of ES is consolidating between 4072 to 4200. The E-mini S&P 500 (ES) futures closed Monday slightly lower after a choppy session. The index had a choppy session because gains in Read More…
As traders eye this week’s ECB meeting and US CPI, the Euro is trading quietly above 1.0700. The ECB’s hawkish stance and eased US price pressures could push the pair above 1.0800. Technically, the Euro bulls are struggling to sustain above 1.0700. This week is expected to be a busy one for Euro futures (6E), Read More…
Technical indicators have always been faulted for lagging, making price action analysis invaluable to any trader. With hundreds of chart patterns to choose from, it may not be easy to decide which one is more reliable and suited to your trading style. However, it’s a general consensus that the ideal ones should generally be easy Read More…
Risk sentiment is returning to the markets as fears of a recession in the US ease. The Bank of Japan Governor says inflation is short-lived and that the bank will keep easing monetary policy to support the economy. Bears are showing weakness in the charts. The Japanese Yen (6J) futures remain neutral as the pair Read More…
Gold futures (GC) prices consolidated losses at a three-month low ahead of key US inflation data. The dollar pullback reminds buyers of mixed sentiment, but the Fed says growth fears weigh on prices. Another sign of hope for the sellers is the price staying around or below the $1,850 area, although the US CPI could Read More…
