WTI Crude Oil Inventory Declines For the First Time in 10 Weeks

WTI Crude Oil Futures (NYMEX: CL) broke a 10-week streak of inventory builds as inventories fell by 1.7M, compared with a build of 395K estimated. The sharp drop in inventories…

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EURGBP Loses Momentum At Key Supply Zone

The EURGBP currency pair rally has stalled at a crucial level where market dynamics lean more towards supply, considering the steep drop-off that has occurred at the level previously.   Following…

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EURUSD Bulls Left Out to Dry as Hawks Prevail

The EURUSD currency pair bulls took their last breath in Tuesday's trading as hawkishness prevailed following Fed Chair Jerome Powell's affirmation of further aggressive rate hikes to fight inflation.   The…

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S&P500 Flat Ahead of Federal Reserve Chair’s Testimony

Traders have taken a step back from the S&P 500 futures (CME: ES) market in Tuesday’s trading ahead of the U.S. Federal Chair’s testimony.   Equities, which are prone to high-interest…

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Bears Tread Lightly in Gold’s Upside Momentum

The Gold Spot Price (XAUUSD) has found relative ease, moving to the upside after gaining 2.49% last week. The greenback’s weakness boosted the precious yellow metal as traders gauged the…

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European Economy Showing Signs of Weakness

The EURJPY currency pair has reached a critical high point, following European data showing signs of economic weakness. The Euro Area Retail Sales Year-on-Year came in lower than consensus, -2.3%…

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