2024

Euro managed to advance above 1.0550 while still facing second resistance around 1.0610 As long as market keep holding trades below 1.0610 another drop movement still expcted where supports laying at 1.0525 and 1.0400-25 Above 1.0610…
Read More

UKOIL steadies as worries ease Brent avoided a slide below 70.00, which was supported by further tensions in the Middle East. The market failed to show any reaction as OPEC+ delayed its meeting by four days. The organisation for…
Read More

Over the weekend and on Monday we will get a series of data that has become increasingly important to currency markets. Central banks around the world are in a race to cut rates, with few exceptions. The main driver is concern over slowing…
Read More

XAUUSD remains in the zone Gold price held onto the 2600 level as sentiment continued to shift in favour of gold. The current horizontal consolidation is an opportunity for the bulls to take a breather after a drop this week. A close…
Read More

Earlier this week, US President Elect Donald Trump threatened to apply tariffs to both Mexico and Canada if those countries didn't take more action to curb illegal migration and drugs. The two affected dollars and the peso reacted as…
Read More

US 30 breaks critical resistance The Dow soared to another peak, achieving record highs as the US economy remained hopeful of a soft landing. By breaking above last month’s ceiling of 44000, the index has more than recouped the losses…
Read More

Normally, inflation data like what we will get out of the EuroZone over the next couple of days, especially the November CPI, is pivotal for currencies. And that might still be the case, if the data comes significantly out of line from…
Read More

GBPUSD remains pressured Cable price saw a small advance come to a halt after failing to move past the 1.2600 area. The Cable price is treading above 1.2500, and is looking for some firm support. 1.2580 is the key obstacle to lift before…
Read More

The Dow managed to break above resistance of 44100-200 last week and hit the target of 44800. As we see on the chart, prices face a new support zone around 44100-200, where as long as the market holds above it, the advance wave could…
Read More