Gathers strength to near 184.00, bullish bias persists above 100-day EMA

Gathers strength to near 184.00, bullish bias persists above 100-day EMA

The EUR/JPY cross gathers strength around 184.15 during the early European session on Friday. Trading volumes are likely to be thin due to the Good Friday holiday. Meanwhile, hawkish remarks from European Central Bank (ECB) policymakers provide some support to the Euro (EUR) against the Japanese Yen (JPY). ECB Governing Council member Francois Villeroy de Galhau said […]

Euro stalls below the 0.8740 resistance area

Euro stalls below the 0.8740 resistance area

EUR/GBP’s reversal from one-month highs at 0.8740 found support above 0.8700 earlier this week, before stalling halfway through the last few days’ range around 0.8720. Technical indicators show waning bullish momentum, while thinned market volumes suggest that further consolidation is the most likely outcome on Friday. The Euro (EUR) remains on track for a nearly […]

WTI remains stronger near $104 as Trump threats fuel supply fears

WTI remains stronger near 4 as Trump threats fuel supply fears

West Texas Intermediate (WTI) oil price steadies around $103.80 per barrel during the early European hours on Friday. WTI price gained over 10% as supply concerns intensified following renewed Iran threats from US President Donald Trump. President Trump warned of intensified military action on Iran over the next two to three weeks and issuing strong […]