April 21 2023 🕓 4 min
GBP/JPY tests short-term support – will bulls defend the uptrend?
The negative sentiment dragged the risk-sensitive GBP/JPY cross lower today, with bulls trying to defend meaningful short-term support.
Tag: Inflation
April 20 2023 🕓 3 min
EUR/GBP ignores recent data dump – sideways trading continues
The lull will likely continue in the EUR/GBP cross until the price breaks from the multi-month sideways trading range.
April 19 2023 🕓 3 min
GBP/USD stays near cycle highs after UK inflation data
Inflation is not slowing as fast as expected, putting pressure on the Bank of England to continue raising rates.
April 19 2023 🕓 3 min
Gold loses under pressure from rising bond yield
Gold holds a negative correlation with bond yields and the most watched fundament - Fed's rate decision.
April 13 2023 🕓 4 min
Wall Street bounces back towards the week end
Inflation, PPI, recession fears. These are the most used terms on Thursday as stocks bounce and the US dollar hits new lows.
April 12 2023 🕓 3 min
Wall Street suffers a blow after inflation data
The inflation data didn't help the stocks on Wednesday, as the main indices are watching oil and precious metals shoot up.
April 12 2023 🕓 3 min
Where is crude going – technical analysis of oil after inflation data
Fresh inflation data kept oil up even with the fact that CPI leaves mixed signals all over the markets.
April 12 2023 🕓 3 min
USD/CAD remains bearish after BoC decision, US inflation data
Today's heavy macro data day resulted in another decline for the USD/CAD pair.
April 12 2023 🕓 3 min
S&P 500 ticks higher ahead of US inflation figures, stays above major
Volatility is expected to come later today. Until then, the index could trade in a tight range.
April 11 2023 🕓 3 min
The next inflation data is coming – will Fed hike?
Traders remain cautious ahead of new inflation data. Oil pumps for the first time since the big OPEC rally.
April 11 2023 🕓 3 min
Gold is gaining slowly as traders wait for fresh data
Gold broke through the short losing streak as investors expect the next hike in May.
April 11 2023 🕓 3 min
AUD/USD reacts to Aussie data, retests previous uptrend line
The Australian dollar was bid on Tuesday. However, it still trades below the short-term resistance, implying more weakness to come.