GBP/USD Cable extends recovery from Monday’s low (1.2353) into second straight day, after receiving fresh boost from higher than expected UK inflation data for March,…
Quiet session ahead of key Chinese data, focus remains on corporate earnings
Notes/Observations – Light start to the week on the data front. ECB debate continues over May rate decision, revolving around 25bps hike, with Centeno over weekend noting ECB…
Ichimoku cloud analysis AUDUSD, USDJPY, USDCHF
AUD/USD, “Australian Dollar vs US Dollar” AUD/USD is pushing off the lower border of the bullish channel. The instrument is going below the Ichimoku Cloud,…
XAUUSD outlook Gold returns above $2000, eyes fresh direction signals from US inflation data
XAU/USD Gold price remains at the front foot on Wednesday as markets await US inflation report for March, to get more clues about the Fed’s next…
GBPUSD Forecast Pound Sterling to attract bulls above 1.2450
Following Monday’s decline, GBP/USD has regained its traction and climbed above 1.2400 early Tuesday. The improving market mood helps Pound Sterling keep its footing as investors await…
Meta’s ‘groundbreaking’ new AI improves image analysis, lets you ‘cut out’ objects in visual media
Meta has released a new artificial intelligence model that can pick out individual objects in images, presenting a big step forward in image recognition. The Segment Anything…
US Dollar Index outlook Dollar starts to gain traction but remains overall bearish
US Dollar Index The dollar index regained some ground on Wednesday following strong drop in past two days, on calmer tones over recent turbulence in…
WTI outlook Oil prices fall on renewed fears of deepening crisis in banking sector
WTI Oil WTI oil fell significantly on Friday, as fresh fall in European banking stocks, fueled worries that crisis in banking sector may accelerate, souring…
EUR/USD – Euro extends rally, market turmoil eases
The euro has put together a 3-day rally and is up again on Tuesday. In the European session, EUR/USD is trading quietly at 1.0756, up 0.30%. Financial…
Will the Fed see a decline in inflation expectations
US inflation expectations are declining, which could be good news for the stock market, suggesting less pressure on the Fed to raise interest rates. The University of…