Oil sold off during the week and fell to its lowest level in nearly a month on growing recession fears, but the commodity could rebound soon, supported by extremely tight energy markets. Daily price is breaking the support level at 115 to below for the Ichimoku cloud for the possible ranging market condition to be started. more...
The Australian Dollar was boosted by a suddenly hawkish RBA signalling a much higher rate path. If commodities hold up and China loosens up, will AUD/USD go higher? Daily price was bounced from 200 SMA to below for the primary bearish market condition to be resumed with the possible Fibo target at 0.6828. more...
Gold is on course for a weekly loss for the first time in 4-weeks as rising global yields and a surging USD continues to weigh on the precious metal. The daily price is on secondary ranging within 1879 resistance level for the primary bullish reversal to be started and 1805 support level for the primary bearish trend to be continuing with 1786 support level as a next possible target. more...
Eurozone inflation accelerated to a fresh record high in May driven by surging energy prices, final data from Eurostat showed on Friday. more...
The Swiss National Bank raised its key interest rate unexpectedly on Thursday, to combat inflationary pressures. more...
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