Nordic Outlook: Inflation Have Been Stronger Than Expected

Key Highlights GBP/USD gained bearish momentum below the 1.2640 support zone. A major bearish trend line is forming with resistance at 1.2670 on the 4-hour chart. Gold prices rallied further above the $2,260 resistance. The US ISM Services Index could increase from 52.6 to 52.7 in March 2024. GBP/USD Technical Analysis The British Pound started […]

The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New Zealand government bonds. AUD/NZD has staged a medium-term bullish […]

WTI reversed from resistance level 83.50 Likely to fall to support level 76.00 WTI crude oil falling after the price reversed down from the pivotal resistance level 83.50 (former strong support from October), which has been reversing the price from November. The resistance level 83.50 was strengthened by the upper daily Bollinger Band and by […]