May 2024

NZDUSD bouncing back The New Zealand dollar recouped some losses after hitting a triple bottom last month. The pair is striving to hold on to its gains, with the base of the bullish breakout at 0.5880 as an essential level to keep the…
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SPX 500 steadies as recession worries ease The S&P 500 grinds higher as the US economy strives to achieve a soft landing. The Fed wants to see all avenues of data before making any decisions at their next meeting. This could lead to…
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After last week's triple "intervention" by authorities, the USDJPY keeps trending back up. Does that mean more intervention will happen? Why isn't the currency getting stronger now that it appears the BOJ bank of Japan has drawn a line in…
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NZDUSD seeks support The Kiwi moved higher as the US dollar remained under pressure. The pair wants to hold on to its gains after a tentative break above the psychological level of 0.6000. While sentiment might have turned bullish, the…
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Canada Employment: Foreshadowing for Central Banks? Tomorrow Canada will report its monthly labor statistics. Normally this data gets overshadowed by the release of US NFP at the same time. But this time Canada is reporting one week after…
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DAX 40 (GER ) hitting key resistance The Dax 40 bounces higher as it tests a critical resistance. The price has come off the psychological tag 18000, where a previous spike revealed vital selling interests. The subsequent retracement was…
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The BOE to Meet Before GDP Data Comes Out There is a chance that the upcoming BOE meeting might cause some shake-up in the markets. That's because there are several different courses that the central bank could take in terms of guiding…
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XAUUSD tests resistance Gold remains intact after briefly falling below the psychological 2300 level. On the chart, the price seeks to consolidate after a $30 whipsaw swing, which saw a recent high at 2325. Zooming into the hourly chart,…
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