Image Source: Unsplash Brent crude oil continues its rally, reaching peak values since early November 2023, with prices around USD 87.00 per barrel. Investor concerns over commodity supply, particularly due to tensions in several oil-producing countries, significantly influence quotes by incorporating
March 19, 2024
Analysts are debating if last week’s sticky inflation news is the death knell for a June cut in interest rates by the Federal Reserve. This much is clear: the recent run of news isn’t encouraging for anticipating that a dovish
Short term pullbacks will find plenty of support near the 50 day EMA and then again at the 16,950 level. The NASDAQ 100 rallied early during the trading session on Monday as it looks like traders are coming back with more
Image Source: Pixabay Silver Elliott Wave Analysis- ‘Buy the Dip’ to continue the rally?Silver Elliott Wave Analysis Function – Counter-trend Mode – Impulse Structure – Impulse Position – Wave 3 of (A) Direction – Wave 4 of (A)Details – Wave 4 dip is ongoing. Expected to
BOJ Hikes RatesThe Japanese Yen is collapsing lower this morning despite the BOJ making the historic move overnight to tighten rates for the first time since 2007. Having lifted rates to between 0% and 0.1%, the BOJ has unwound the
Image Source: DepositPhotosThe eyes of the finance world are on the United States, as the Fed meets today and tomorrow to discuss decisions on interest rates at their policy meeting on March 19th and 20th.This week’s FOMC meeting, followed by a
Solana chart analysisThe price of Solana rose above the $200.00 level for the first time this year on Sunday. Yesterday, the price continued to rise until reaching the $209.90 level. We stopped there and started a pullback to the first support at
Last week, financial markets stared in dismay at “sticky” inflation numbers on the consumer and wholesale side. Both the CPI (consumer price index) and wholesale inflation (the producer price index or PPI) printed slightly higher than “expected” (headline and core). While overall momentum still
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0888 Prev Close: 1.0871 % chg. over the last day: -0.15 % On Monday, the euro initially moved up on the back of rising German bond yields, with the 10-year German bond yield
Image Source: Pixabay Energy markets continue to move higher, buoyed by growing supply risks following disruptions to Russian refinery capacity. Energy – Crude hits highest levels since NovemberThe oil market rallied further yesterday, with ICE Brent settling more than 1.8% higher
