2024

USOIL (WTI) tests support USOIL (WTI) hit a new low, with concerns over supply disruptions continuing to weigh heavy on the black gold. While a bearish divergence emerging suggests lingering selling pressure, the price looks to have…
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Tomorrow will see the release of the most anticipated data of the week, if not the entire month, with the US April CPI figures. The market has been on tenterhooks ever since the surprisingly soft NFP data, hoping that the upcoming CPI…
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XAUUSD gaining momentum Gold jumped over $60 as geo-political tensions ensued. The precious metal is trying to safeguard its recent gains after a slight dip in price action towards 2340. Fresh selling and profit-taking have seen prices…
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The GBPUSD has largely been trading flat (within its ups and downs) so far this year. It's down compared to Jan 2 as it is coming out of its latest downswing. But the data and monetary policy might be conspiring to prevent the price of…
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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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