US Dollar Index (DXY) Slides to Fresh Lows Post PCE Data

Key Highlights EUR/USD struggled to recover above the 1.0900 resistance zone. A connecting trend line is forming with resistance at 1.0900 on the 4-hour chart. GBP/USD is signaling a bearish bias below the 1.3050 resistance. Gold corrected gains and traded below $2,750. EUR/USD Technical Analysis The Euro started an upside correction above the 1.0820 level […]

Markets Trading in Asia and during the morning session in Europe was one long-drawn countdown to US inflation data released this afternoon. Over the previous days we often had to mention that there wasn’t really much of hard news to guide trading, but this obviously changed this afternoon. US January inflation data brought a substantial […]

WTI oil futures swiftly recoup June’s lost ground to trade again above 80 Technical signals return to positive area, but there is another barrier nearby Hopes of increased demand in the next quarter caused WTI oil futures to surge back to 80.60, erasing earlier losses that led the price to a four-month low of 72.46 […]