2024

The latest data could be pointing to further downside for the Euro, even taking into account the recent drop. This trend could accelerate if US figures next week confirm the positive trajectory for the economy. Although another dip into…
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The FTSE 100 falling from its peak The FTSE 100 turned lower on fears of a deep recession in the second quarter. The RSI’s overbought condition indicates overextension, though there is no confirmation of a fallback yet. 7650 is the…
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The US has been reporting growing inventories over the last several weeks, yet the price of Crude's not only hasn't gone down, it has actually increased. What happened to the law of supply and demand? It would be…
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AUDUSD preparing for resistance The Australian dollar took another step higher as interest in the greenback continued to falter. Price action remains limited to the upside below 0.6600. However, the recent 100 pip jump has given hope…
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February PMI figures from key economies around the world will be released tomorrow, in what could be the major market event for the week. Since  February PMI figures are still being calculated, it constitutes the freshed data on the state…
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XAGUSD tests major resistance The Silver struggles as the US dollar still carries the momentum. The price is drifting away from the previous firm resistance at 23.36, with a break past 23.00 showing that bears are still in the market.…
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NAS 100 attempting another record high The Nas 100 keeps on track to maintain its bull run. After signals from the Fed dropped the index last week, a hold above 17500 has kept sentiment to the upside. A swing above 17800 will ease some…
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