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The Commodities Feed: Stronger USD Weighs On The Complex

The Commodities Feed: Stronger USD Weighs On The Complex

Image Source: Pexels  Crude oil has retreated this week as a stronger US dollar and profit booking at higher prices weighed on sentiment. The natural gas withdrawal season comes to an early end this year with inventory still around 41% above the five-year average.  Energy: Oil gives up some of the gainsOil prices softened in the early trading […]
German Ifo Index Improves In March

German Ifo Index Improves In March

Image Source: Pexels  The March Ifo index suggests that the bottoming out of the German economy is getting broader.Is this a new discovery of optimism? Germany’s most prominent leading indicator, the Ifo index, just pointed to some signs of life and increased to 87.8 in March from 85.7 in February. But before popping the corks, let’s […]
GBP/USD Faces Sharp Decline Amid BoE’s Monetary Policy Stance

GBP/USD Faces Sharp Decline Amid BoE’s Monetary Policy Stance

Photo by Colin Watts on Unsplash   As of Friday, the GBP/USD pair hovered around 1.2642, following a substantial decline. The Bank of England (BoE) has yet to find reasons to lower the interest rate, indicating intentions to maintain high rates for an extended period to support the necessary inflation level in the country. The BoE’s monetary policy remains […]
Swiss Central Bank Sent A Warning To The World

Swiss Central Bank Sent A Warning To The World

Image source: Pixabay  Few were expecting anything more than a few franc sales from the Swiss National Bank. Instead, the SNB boldly cut its ST rate specifically because it knows what’s coming from around the rest of the world. And that doesn’t mean inflation in Switzerland or anywhere else.Video Length: 00:18:34More By This Author:It Finally Happened […]
Gold Price Surges To New Highs Above $2200 Level

Gold Price Surges To New Highs Above $2200 Level

Gold chart analysisOn Wednesday evening, the price of gold rose to a new all-time high at the $2222 level. After that, the price made a retreat to $2200, which it tried to consolidate yesterday. With the start of the US session, the price of gold begins to retreat and falls to the $2165 level. During […]
Central Bankers Feed The Greed

Central Bankers Feed The Greed

Image Source: Pixabay  This week’s Fed meeting offered little new information to investors, with yields hardly changed. However, the fact that the FOMC revised estimates for growth and inflation slightly higher in 2024 – although continued to signal three rate cuts over the coming nine months – was seen as revealing a dovish preference on the […]
US Dollar Index Commentary – Friday, March 22

US Dollar Index Commentary – Friday, March 22

Post-Fed RallyDespite the Fed striking a more-dovish-than-expected tone at the FOMC this week, the US Dollar is trading higher into the end of the week with the DXY rising to a fresh one-month high. On Wednesday, the Fed stuck to its forecasts for three rate cuts this year with Powell downplaying the recent uptick in […]
Rates Spark: A Dovish Week

Rates Spark: A Dovish Week

The Fed and BoE overall messages didn’t change, though offered enough dovish hints for market expectations to converge on June as the kick-off date for the easing cycles. June is still some months away, and potentially hot US PCE data next week could show that there is still a way up for rates near term. Expectations for the […]
BRN Has Slightly Rebounded, Trading Above $85/bbl

BRN Has Slightly Rebounded, Trading Above $85/bbl

Brent prices are hovering around $85/bbl after a volatile period accompanied by the Fed’s commentary and geopolitical developments in the Middle East.US’ stockpiles data showed an unexpected decline, indicating a potentially strong demand for fuel.The Federal Reserve’s decision to potentially keep the interest rates higher for longer could slow down economic growth, thus reducing future […]
EUR/USD Price Analysis: Sees Downside To 1.0800 Amid Dismal Market Sentiment

EUR/USD Price Analysis: Sees Downside To 1.0800 Amid Dismal Market Sentiment

The EUR/USD pair extends its downside to three-day low around 1.0840 in the late Asian session on Friday. The major currency pair is expected to witness as appeal for safe-haven assets improve after the Swiss National Bank (SNB) surprisingly cut interest rates by 25 basis points (bps) to 1.50% on Thursday.A surprise rate cut by the SNB has […]