KirkBarton

KirkBarton

Current trend Today, during the Asian session, WTI Crude Oil shows ambiguous dynamics, consolidating near the level of 114.00. Yesterday, the instrument showed active growth, reacting to the blocking of supplies by Russia through the Kazakh oil pipeline, as well as a sharp reduction in energy stocks in warehouses in the United States. The Russian Federation...

KirkBarton

Current trend Silver prices show a moderate decline during the Asian session, correcting after a fairly strong increase the day before on the back of lower yields and risk aversion in financial markets. However, the USD Index is rising for the second day in a row, renewing an intraday high around 98.800, adding 0.14%. XAG/USD is again testing 25.00 for a...

KirkBarton

Current trend The US dollar continues to develop a confident "bullish" trend in USD/JPY in Asian trading, renewing record highs since February 2016. Confident support for the US currency is provided by the prospects for further tightening of the US Federal Reserve's monetary policy. The US regulator Chairman Jerome Powell made a frankly "hawkish" speech on...

KirkBarton

Current trend During the Asian session, the XAU/USD pair is trading flat, consolidating near 1920.00. Yesterday, gold quotes were actively declining in response to the "hawkish" speech of the head of the US Federal Reserve, Jerome Powell. The official said that the regulator is ready to raise the rate immediately by 50 basis points at one or more of the next...

KirkBarton

Current trend The British pound is trading with the uptrend against the US currency during the morning session, updating local highs from March 4. Eurozone countries found themselves in a vulnerable position due to the developing crisis around Ukraine. The European authorities are preparing a new package of sanctions against the Russian economy, which may...

KirkBarton

Current trend During the Asian session, the USD/CHF pair is actively growing, developing the "bullish" momentum formed at the beginning of the week, when the instrument has renewed the local lows of March 11. Now, the US currency tries to consolidate above 0.9360, receiving support from technical factors. Market activity remains subdued as investors prefer to...

KirkBarton

Current trend The US dollar shows mixed trading dynamics against the Canadian currency during the morning session, trading near local lows from January 26, updated the day before. Currently, USD/CAD is trying to consolidate below the support level of 1.2590. Trading activity at the beginning of the week remains restrained, as the macroeconomic calendar does not...

KirkBarton

Current trend The European currency shows a moderate decline against the US dollar during the Asian session, again testing 1.1000 for a breakdown. Demand for risky assets remains quite low at the beginning of this week, as the growing geopolitical tensions keep investors from opening new trading positions. At the moment, Russian troops continue to conduct a...

KirkBarton

Current trend The US dollar continues to develop an uptrend against the yen in Asian trading, testing 119.20 for a breakout and updating record highs since February 2016. Demand for the Japanese currency remains quite low, as investors increasingly prefer other instruments, including the US dollar, as a safe-haven asset. In addition, the US Federal Reserve last...

KirkBarton

Current trend Brent Crude Oil prices are actively growing, trying to consolidate above 109 dollars per barrel. The quotes returned to positive dynamics at the end of last week after renewing local lows on February 25 in response to a further deterioration in the situation around Ukraine. Russian troops have been carrying out a special military operation since...

KirkBarton

Current trend The Australian dollar updates a two-week high during the Asian session, holding near 0.7425. Last week, AUD/USD showed one of the most significant gains in the past few months, quickly recouping last Monday's losses that led to new local lows since the end of February. Even the results of the two-day meeting of the US Federal Reserve, where the...

KirkBarton

Current trend The AUD/USD pair is actively growing, reaching weekly highs around 0.7350 amid the publication of positive macroeconomic data. According to the State Bureau of Statistics ABS, the unemployment rate in the country fell from 4.2% in January to 4.0%, the lowest since the 2008 crisis. It is noted that unemployment among women fell to 3.8%, reflecting a...

KirkBarton

Current trend During the Asian session, the GBP/USD pair is trading ambiguously, consolidating near 1.3150. The pound is expecting new drivers, but at the end of the week, the macroeconomic calendar is relatively empty, so the news from Eastern Europe will remain the main driving force on the market. Yesterday, the instrument renewed the daily low, dropping to...

KirkBarton

Current trend The European currency closed yesterday with growth after the data on consumer prices in the EU were published. Currently, the EUR/USD pair is trading in a corrective trend around 1.0844. EU consumer price inflation remained in line with market forecasts, accelerating marginally to 5.9% in February from 5.8% YoY, while the monthly increase was 0.9%....

KirkBarton

Current trend During the Asian session, the USD/CAD pair shows ambiguous trading dynamics, consolidating near the level of 1.2680 and local lows of March 3. Yesterday, the instrument declined, despite the publication of the US Federal Reserve meeting minutes. As expected, the US regulator raised interest rates by 25 basis points to 0.5% and also signaled the...

KirkBarton

Current trend The European currency shows mixed dynamics of trading against the US dollar during the Asian session, consolidating near 1.1000 and local highs from March 10. The day before, the instrument managed to demonstrate a fairly active growth, despite the publication of the decision of the US Fed on the planned increase in interest rates by 25 basis...

KirkBarton

Current trend The UK currency is in the stage of a local upward correction in anticipation of the decision of the Bank of England on the interest rate, which will be taken today at 14:00 (GMT+2). Now the GBP/USD pair is trading around 1.3156. The vast majority of currency market analysts assume that the regulator will raise the interest rate for the third time...

KirkBarton

Current trend During the Asian session, silver prices are declining, building on the strong "bearish" momentum formed a week ago, when the XAG/USD pair was near its all-time highs since June 2021. At the end of February, Russian President Vladimir Putin initiated a special military operation on the territory of Ukraine, after which large-scale anti-Russian...