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Gold touched a seven-month high as the USD weakened.
Analysis

Gold touched a seven-month high as the USD weakened.

Signs of cooling price pressures will reduce rate hike expectations for 2023, providing support for gold prices.A weaker USD is not the only incentive for bulls; fears of global recession also increase the yellow metal's safe-haven demands. Economic...

Author:
Ahura Chalki
Published on: 09.01.2023 18:41 (UTC)
116
Bulls firmly in control – is this the beginning of a rebound?
Crypto

Bulls firmly in control – is this the beginning of a rebound?

Bitcoin price bearish momentum seems to have been reversed by bulls. The price has retraced up above $17,200 after third test of Fibonacci 23.6 resistance. Looks like bulls are holding on their own after bears lost control as price started rebou...

Author:
Ara Zohrabyan
Published on: 09.01.2023 18:08 (UTC)
63
Market configuration after EU inflation and US employment data!
Analysis

Market configuration after EU inflation and US employment data!

EU mixed inflation and the strong labor market in the USToday we had a jam-packed calendar. German factory orders fell by -5.3% in November, but retail sales rose by 1.1%. Eurozone, consumer price inflation, eased 0.3% in December to lower the annual...

Author:
Ahura Chalki
Published on: 06.01.2023 20:03 (UTC)
155
NFP Preview | January 2023
Analysis

NFP Preview | January 2023

Nonfarm payroll growth has seemed at odds with other economic data.PMI and other economic data show that economic activities have decreased in recent months. At the same time, we cannot see the direct reflection of these data on the Labor market, whi...

Author:
Ahura Chalki
Published on: 05.01.2023 22:05 (UTC)
104
PMI data beat expectations, Euro failed!
Analysis

PMI data beat expectations, Euro failed!

The current uptrend in the EURUSD chart can face difficulties, while the downtrend does not have enough reason to last long.The economic calendar shows that Eurozone economic activities increased in December and beat the markets' estimates. This...

Author:
Ahura Chalki
Published on: 04.01.2023 21:44 (UTC)
113