Could we be facing the biggest commodity supply squeeze in history?

Could we be facing the biggest commodity supply squeeze in history?

As we move through the second half of 2022, the global energy crisis is making headlines and positioning itself as one of the biggest money-making opportunities in the current financial climate. Every major economy has been hit by the unprecedented surge in energy prices this year, which has pushed inflation to historic multi-decade highs. Inflation,…

Gold surged on Friday, climbing closer to the day’s swing high as the dollar under pressure

Gold surged on Friday, climbing closer to the day’s swing high as the dollar under pressure

Gold attracts some dip-buying near the $1,712 area on Monday and turns positive for the second straight day. The XAU/USD refreshes its daily high, around the $1,726-$1,727 region during the European session and moves back closer to a one-and-half-week high touched on Friday. The US dollar remains under intense selling pressure on the first day…

The 1.0115 confluence hurdle continues to cap the EURUSD pair and now, Focus CPI.

The 1.0115 confluence hurdle continues to cap the EURUSD pair and now, Focus CPI.

EUR/USD is having difficulty climbing beyond the 1.0100 mark. The EURUSD pair is starting off the new week on a positive note, but is having trouble maintaining momentum and climbing beyond the 1.0100 mark. Prices have remained steady near the 1.0115 area, which is a three-week high that was reached last Friday. The downside doesn’t…

Bitcoin has seen its biggest daily jump since July, Now showing sign of positivity.

Bitcoin has seen its biggest daily jump since July, Now showing sign of positivity.

Bitcoin has reclaimed the key $20,000 mark amid a broad rebound in the cryptocurrency market. The world’s largest digital currency by market value rose to as much as $20,650 early Monday, its highest level since December 2017, according to CoinDesk’s Bitcoin Price Index. Bitcoin prices surged on Friday, breaching the $20,000 level and leading a…

Eurozone interest rates have reached a record high in an effort to fight inflation

Eurozone interest rates have reached a record high in an effort to fight inflation

Prices in the bloc are increasing at the fastest rate in 50 years as energy costs surge. The ECB lifted all its key rates by three-quarters of a percentage point and warned that it was likely to raise rates again later this year. The bank had raised interest rates in July, its first increase in…

The USDJPY Continued Its Decline During The Asian Trading Session.

The USDJPY Continued Its Decline During The Asian Trading Session.

This week’s key point to note has been the dollar’s rejection close to 145.00. The sharp retreat in USDJPY has seen other major currencies take advantage of the softer greenback towards the end of the week. The added jawboning by Japanese officials earlier in the day here is also helping, with Kuroda outlining that when…

Bitcoin surged over $20,000 as the US dollar weakened

Bitcoin surged over $20,000 as the US dollar weakened

Bitcoin surged past the $20,000 barrier on Friday, its best day in six weeks, as the US dollar fell broadly and markets found reasons to be cheerful at the end of a dour week. Bitcoin, the largest cryptocurrency by market value, rose more than seven percent to $20,796, a two-week high. Ethereum, the second-biggest cryptocurrency,…

Mohenjo Daro in Pakistan has been badly damaged by recent flooding

Mohenjo Daro in Pakistan has been badly damaged by recent flooding

One of the world’s oldest preserved human settlements has been left in ruins after being ravaged by severe flooding in Pakistan. This is the worst natural disaster to ever hit the country, and officials are scrambling to provide aid to the millions of people affected. The ancient city of Mohenjo daro, located in the Indus…