2024

Now that US legislators have agreed to continue spending and avoid a government shutdown, the next issue coming up is the debt ceiling. Two years ago, it was suspended for a set period of time in order to avoid the kind of spending debates…
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The phenomenon of the Santa Rally is typically more associated with the stock market. But it is still relevant to currency traders, because the risk attitude shift. The better performance in equities typically translates into emerging…
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The FTSE (UK 100) seeks support The FTSE (UK 100) continued the global index sell-off as prices hope for some support. The index hit resistance at 8150, and profit-taking by intraday buyers has weakened the momentum. The previous swing…
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The Dow managed to break below 42900 after the Fed’s hawkish tone and met the target of 42300 and below. As we see over the chart, the market is facing uptrend support around 41800-900 where as long as prices keep holding above this zone,…
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Gold managed to hold below the resistance of 2625 and managed to hit another drop toward the 2587 levels. The drop pressure still overshadows the market while facing resistances around 2605 and 2625. Above 2625 will be the first strength…
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Prices still hold the expected trading zone between support 66.15 and resistance 72.00-50. Market managed today to break below the Intraday support of 68.75 which could lead for a drop toward 67.50 and 66.15. Above 69.10 the market could…
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USDJPY managed to sustain an advance wave and hit the target of 155.85 and above. As we see over the Daily chart, the short term suggests a correction could hit the market with resistances at 157.85 and 159.45, where one of those…
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GBPUSD managed to break below the support of 1.2570 and met the target of 1.2480. As we see over the Intraday chart, the market is facing support around the 1.2440-80 zone which could provide a rebound correction towards the 1.2560 and…
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The Euro managed to maintain a trading zone between 1.0335 and 1.0425. As we see over the chart, the market is still holding this trading zone which could expand toward the 1.0490 resistance while the downtrend pressure still overshadows…
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US President Elect Donald Trump is back to his usual market moving social media activity, even before taking office. Before the markets opened on Friday, he posted on Truth Social that unless c imported more oil and gas to offset the trade…
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