Oil retreated to its lowest level in over a month amid growing concerns that a global economic slowdown could eventually turn into limp demand.Brent crude is down by -1.48% and trades at $110. WTI slipped 3% to settle around $106 per barrel. Federal Reserve Chair Jerome Powell made his most …

Gold is trading between two levels of resistance and support, namely around $1,810 on the downside and $1,875 on the upside.At $1,840, the price of gold is a little lower than the highs but its remains 0.4% higher on the day. The price has travelled between a low of $1,823.45 …

The Dow Jones rose 0.2% after falling more than 1% soon after the open. The S&P 500 climbed 0.5%. The Nasdaq composite jumped 1%.The Dow Jones turned higher Wednesday, with the S&P 500 and especially the Nasdaq composite leading the way. Federal Reserve chief Jerome Powell told Congress that policymakers …

Chicago Federal Reserve Bank President Charles Evans on Wednesday has signalled he is with the core group at the Fed calling for continued rapid rate hikes to battle 40-year high inflation, noting “downside” risks.Despite the persistent message from Fed members that there is a ”need to raise interest rates ‘a …

Analysts at MUFG Bank, hold a bullish bias for the USD/JPY pair, reflecting the fact that the US rates market is unlikely to correct dramatically lower over the very short term. They see the pair trading between 130.00 and 138.50 during the weeks ahead. Key Quotes: “Risk-off and general tighter …

FED Chairman Jerome Powell is testifying before the Senate Banking, Housing, & Urban Affairs Committee on “The Semiannual Monetary Policy Report to Congress.”Key Quotes“Higher interest rates are painful, but it’s the tool we have to bring down inflation.”“The greatest pain would be if we allowed this high inflation to continue.”“Not …

After trading in a range during many sessions, the USD/CHF pair broke to the downside falling below 0.9600, for the first time in two weeks. The US dollar weakened across the board during the American session amid an improvement in risk sentiment and lower US yields.The break under 0.9620 triggered …

US Fed Chair Jerome Powell will testify before Congress. Powell’s awaited remarks will be out ahead of the event. Market players will be looking for hints on future quantitative tightening. Economic DataThe UK will release updates on inflation data on Wednesday.Other DevelopmentsCentral bankers keep hinting at aggressive measures. Bank of …

Powell’s Testimony is being awaited and eyed amid market talk over the longevity of Fed’s 75 bps rate hike. The EUR/USD pair holds onto the previous two-day gains around 1.0535-40 during Wednesday’s initial Asian session. The pair’s latest rebound could be linked to the softer US dollar, as well as …

On Tuesday, Bitcoin trades at $21,000 as optimism is encouraging more transactions on the Volume Profile indicator. Investors are now looking to participate in the discounted Bitcoin price should consider reading last week’s outlook for an in-depth analysis and precise invalidation level.Finally; the crypto market is showing signs of a …