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Gold’s attempts to maintain bullish stability continued after retested the 1956 support level. Still, prices hit the resistance level published during the previous analysis at the 1980 price, explaining that resuming the rise requires breaching this level. Technically, today, we notice that the resistance level of the ascending price channel …

The euro’s movements witnessed a limited bullish tendency after finding a solid support floor near the psychological barrier of 1.0800, which helped the pair make a bullish bounce to test the 1.0900 resistance level. Technically and carefully considering the 4-hour chart, we notice that the 50-day moving average is still …

Inflation, central banks and the Eastern European crisis are still impacting the market’s mood. Economic DataThe US reported that the March Consumer Price Index jumped to 11.2% YoY, both above anticipated while the UK published the March Consumer Price Index, which jumped to a three-decade high of 7% The annual …

The US dollar index (DXY) has witnessed a sheer downside after recording a fresh three-year high at 100.52 on Wednesday. The DXY ended its nine-day winning streak on Wednesday after investors shrugged off the hangover of the higher US Consumer Price Index (CPI). The US Bureau of Labour Statistics reported …

Wall Street Ends Higher, Breaking a 3-Day Losing Streak Wall Street rallied to end higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results. Stocks closed higher on Wall Street as investors reviewed the latest round …

The world’s largest economy is grappling with rising inflation levels. Per the latest Labour Department report, the Consumer Price Index (CPI) jumped 8.5% year over year in March, reaching the highest level since December 1981. The reading also surpassed the already high Dow Jones estimate of 8.4%. The high inflation …

The EUR/USD pair recovered from an intraday low of 1.0810, currently trading at around 1.0825 after flirting with the year low. The dollar benefited from hawkish Federal Reserve speakers and overall keeps advancing in a risk-averse environment. After Russian President Vladimir Putin claimed that talks with Ukraine are at a …

Heavy truck sales in the US are very good leading indicator of economic activity, with 65% of the dollar value of North American freight moved by trucks. But new truck sales have been falling sharply and are now down 23% on an annual basis. New auto sales are falling at …

Fed board of governor’s member Christopher Waller said on Wednesday that he supports a 50-bps rate hike at the upcoming May Fed meeting, and possibly more hikes of the same margin at the June and July meetings.It is completely feasible to avert a recession. Data supports 50bps rate hikes – …