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Gold breached all support lines, time to buy?
A stronger dollar makes XAUUSD less attractive!While gold is caught in the trap of sellers, it is weaker against the US dollar. Spot gold lost 1.6% to $1,735 per ounce against the US dollar to test its lowest price since mid-December.While the focus...
City and China, Oil killers!
Oil is recovering after the worse day in three months!Oil prices on Wednesday could recover a bit after yesterday's free fall. Earlier today, WTI could recover some of its loss. However, concerns about demand destruction remain in the background. On...
DXY in new records, as Yields are decreasing
Stagnation seems more real every dayAfter a long holiday weekend, the US dollar started a trading week with a super bull run, printing new records. On the stock markets, prices are falling rapidly, and rates are back under 3% for 10-year benchmark Tr...
Futures' growth on the US holiday, can it continues?
Putin's order to continue the military advances in Ukraine cannot help the global recession and sky-high inflation.While the US market was closed due to the Independence Day holiday, positive sentiment in Asia encouraged market bulls. It is expected...
Bitcoin consolidating – where to from here?
Bitcoin downtrend didn’t reverse last week. Bitcoin price is below $20,000 currently. A glance at the daily chart reveals Bitcoin sideways trading continues currently. There are no clear signs who has the upper hand - the bulls or bears, a...