Yuri Papshev / Blog
At the time of writing this article, the XAU/USD pair is trading near the 1957.00 mark, remaining in the bull market zone. A strong upward momentum prevails. In the current situation, long positions look preferable. A signal to enter them may be a breakdown of the local resistance level of 1965...
Since the opening of today's trading day, Brent oil quotes have been rising again, touching the mark of $120.00 per barrel at the beginning. Based on the hard fundamental background, we expect further price growth. From a technical point of view, a breakdown of the local resistance level of 120...
The Bank of England is in a difficult situation in which it is necessary to approach the process of tightening monetary policy in such a way as not to harm economic growth and economic recovery after severe lockdowns due to the coronavirus. There are two other factors that cause concern...
During yesterday's speech at a financial conference, ECB President Christine Lagarde acknowledged that the prospects for monetary policy of the European Central Bank and the Fed diverge significantly. "Our two economies are in different phases of the business cycle," Lagarde said...
Market participants who follow the dynamics of the pound and the GBP/USD pair will be waiting for the publication on Wednesday (at 07:00 GMT) of consumer price indices. In the previous reporting month (in January), the growth in consumer inflation amounted to +5.5% (in annual terms...
The next meeting of the RBA will be held early next month. If the global stock and commodity markets do not experience another collapse, then, most likely, before this meeting (March 5), the AUD/USD pair will remain trading in the bull market zone, above the key support levels of 0.7315, 0.7295...
The dollar strengthened immediately after the publication of the decision. The yield on 10-year US Treasury bonds also continued to rise, hitting 2...
The Fed is in a very difficult situation. Its leaders need to tackle the challenge of curbing inflation in a way that doesn't hurt the US economic recovery or trigger a recession. It is widely expected that the rate will be increased by 0.25% in today's meeting...
American stock indices are falling, oil prices are falling, and with them the quotes of commodity currencies. Meanwhile, the expected beginning of the normalization of the Fed's monetary policy is causing the dollar to strengthen...