KirkBarton

KirkBarton

Current trend Gold prices show a slight increase during the morning session, developing a fairly strong "bullish" momentum formed in the middle of last week and trading at 1855.90. The main driver of the instrument's recovery was the weakening USD Index, which sharply corrected from multi-year highs around 105.000, losing more than 2.5%, to a low of 102.000,...

KirkBarton

Current trend Benchmark Brent Crude Oil prices are correcting downwards, trading just above $100 a barrel. The escalation of the military conflict on the territory of Ukraine, which has become the cause of unprecedented anti-Russian sanctions, causes investors to fear that there will be a shortage of supply on the market due to the refusal of some countries to...

KirkBarton

Current trend The ETH/USD pair started the week lower as part of the general market trend and fell below 3000.00. Experts continue to link the general weakening of the market with investors' reaction to the upcoming serious tightening of the US Federal Reserve's monetary policy. Investors fear that the US economy will react with a slowdown to a sharp increase in...

KirkBarton

Current trend The British pound is trading within a local downtrend against the US dollar, around 1.3025. Investors fear that the current decline in the GBP/USD pair is just the beginning of a long-term negative dynamics of quotations since the real fall in the asset may begin today when macroeconomic data on the UK economy is published. Thus, according to...

KirkBarton

Current trend The New Zealand dollar shows ambiguous dynamics of trading against the US dollar during today's Asian session, consolidating near the opening levels and 0.6835. NZD/USD fell sharply on Friday, recording its first fall in four weeks. Investors' fears about a series of aggressive interest rate hikes by the US Federal Reserve, as well as changing...

KirkBarton

Current trend During the Asian session, the EUR/USD pair is declining, opening with a slight positive gap. Now the "bears" have leveled the gap, and the instrument is retesting 1.0880 for a downward breakdown. The market's general situation changes slightly, and the demand for risky assets remains under pressure. Despite the growing sanctions, Russia continues...

KirkBarton

Current dynamics During the Asian session, the USD/CHF pair has been actively growing, updating local highs since March 29. Now the instrument is testing the level of 0.9340 for a breakout, waiting for new drivers to move. Meanwhile, the US dollar index approached the psychologically important level of 100 points on expectations of higher consumer prices, which...

KirkBarton

Current trend The US dollar is showing weak "bearish" dynamics during the Asian session, correcting after a three-day rally that took the instrument to new highs from March 22. Sales of the Canadian currency this week intensified after a local decline in oil prices. However, according to data for February, exports of Canadian "black gold" increased by 7.8%,...

KirkBarton

Current trend GBP/USD has been fluctuating in a wide range of 1.3045-1.3106 over the past three trading sessions, continuing to lose value after consolidating below the April 6 low at 1.3045 following the release of "hawkish" Minutes from the US Federal Open Market Committee (FOMC). At the moment, quotes are consolidating near the level of 1.3060. The situation...

KirkBarton

Current trend The price of North American WTI Crude Oil is correcting within a downtrend around 97.00, having lost more than 5.7% in value yesterday. As it became known yesterday, 29 member countries of the International Energy Agency (IEA) will release up to 120M barrels of "black gold" from their reserve storage facilities. There has never been such an...

KirkBarton

Current trend In the absence of positive drivers that can reverse or temporarily stop the current downtrend, the European currency continues to lose value, correcting around 1.0913 actively. The problems associated with the energy confrontation between the EU and Russia are growing, and after statements by several German officials about the refusal of gas...

KirkBarton

Current trend Silver prices are falling during the Asian session, correcting after yesterday's attempt to grow. The instrument is now testing the level 24.20 for a breakdown and waiting for new signals. The situation on the market is changing slightly since there are no prerequisites for the completion of a special military operation initiated by the Russian...

KirkBarton

Current trend The GBP/USD pair fluctuates within the narrow channel 1.3100–1.3160, currently around 1.3070. Although business activity in the UK picked up sharply in March as restrictions related to the coronavirus pandemic were lifted, optimism in business circles fell to a 17-month low for the coming months as the military conflict in Ukraine and global...

KirkBarton

Current trend The US dollar shows weak gains against the Japanese yen in Asian trading, testing 124.00 for a breakout. The USD/JPY pair is developing an uptrend, formed at the end of last week, and is updating local highs from March 29. Moderate support for the US currency is provided by moderately optimistic macroeconomic statistics from the US on business...

KirkBarton

Current trend The European currency is trading with a slight decrease against the US dollar during the Asian session, testing 1.0900 for a breakdown and updating local lows from March 9. Market sentiment correlates with the predominantly "bearish" trend in EUR/USD since the end of last week. Investors are assessing the prospects for further acceleration of...

KirkBarton

Current trend During the Asian session, the USD/CHF pair shows ambiguous trading dynamics, consolidating near the level of 0.9260, despite the strong growth of the US dollar index, which strengthens above 99.000 after the optimistic data on the US unemployment rate, published on Friday. On Tuesday, trading activity remains quite low as traders expect the...

KirkBarton

Current trend The US dollar is falling against the Canadian currency at the beginning of a new trading week, retreating from local highs, updated last Friday, and testing the level of 1.2470 for a breakdown. Investors are in no hurry to open new positions in anticipation of the publication of the minutes of the meeting of the US Federal Reserve. In turn, the USD...

KirkBarton

Current trend The pound shows a weak upward dynamics of trading during the morning session, developing the "bullish" momentum formed the day before, when GBP/USD retreated from the local lows of March 30. Demand for the British currency remains quite low, and in general, the instrument shows rather flat dynamics in the short term, due to growing risks of...