Latest Market News
Oil Traders Increase Longs – Price Falls The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions again last week. Total upside exposure rose from 226k contracts to 235k contracts, marking the third consecutive weekly increase in bullish bets. Despite the increase, crude prices have fallen sharply this week, […]
The Japanese yen has dropped noticeably against the US dollar. The current quote is 134.80. The yen is being betrayed by domestic news and the international background equally. The morning statistics demonstrated that the trade deficit in Japan in fiscal 2022 (ended on 31 March 2023) had reached a high of 44 years, amounting to […]
EURUSD on Thursday is neutral. The current quote is 1.0960. Yesterday the US published almost no important statistics except for the Beige Book report. Meanwhile, the Eurozone shared some more exciting data – the final inflation report for March. Well, the CPI in the Eurozone in March remained at 6.9% y/y, while base inflation stayed […]
Bitcoin has tested the resistance area formed between the levels 30000 and 31000 and reversed to undergo correction and drop. The asset is likely to drop and gain the required support at the level of 25200. Oil keeps filling the formed gap, approaching the broken downtrend. The price of the asset might potentially pull back […]
Beige Book Points to Slowing Activity With recession concerns returning to focus recently, the update makes for worrying reading. The Fed notes that while price levels rose moderately, consumer spending (accounting for around two-thirds of the economy) was down over the period. Real estate activity was also seen remaining subdued due to higher interest rates […]
EURUSD, “Euro vs US Dollar” The currency pair has performed a structure of decline to 1.0917. At the moment, the price has corrected to 1.0979. Today the market is forming a link of a new declining wave to 1.0928. If this level breaks, a pathway down to 1.0880 could open. GBPUSD, “Great Britain Pound vs […]