2024

The Euro is still holding inside our trading zone between support between 1.1070 and 1.1200. As we see over the Intraday chart, if prices remain below 1.1200 then another correction could hit the market toward 1.1100. Above 1.1200…
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XAUUSD tensions push gold to another high As pushing gold to another record high, investors remained dovish against what the US dollar could bring to the market. With the Fed heavily tight-lipped on the next signal to rate cuts, this…
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As investors wonder just how "hard" the economic landing will be in different countries around the world, PMI figures have taken on a new significance lately. This week saw some important developments in China and the US that will likely…
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FTSE 100 index (UK 100) remains choppy The FTSE 100 index continues to grind sideways as the recent direction has left traders feeling uneasy. Following a tentative close above the critical resistance level of 8300, the index seems to…
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Despite rising tensions in the Middle East, crude prices are still lower than they were a month ago. Sure, there has been a rebound since the September 10 bottom, but it's remarkable how crude prices are struggling in the current…
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S&P 500 index continues to rally The S&P 500 index closed at another record high as stocks continued to digest last week’s Fed cut. The rally has hit a slight consolidation at 5730. A bearish RSI could show a pullback in…
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Markets had what looked to be a contradictory move on Monday: Data was released showing the economy was troubled, but the stock market went up. That illustrates just how dominant the central bank narrative is for markets. Given the heated…
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USOIL bounces from multi-month low WTI price keeps the comeback going after bouncing from multi-month lows. On the chart, a new high above 71.00 has put the commodity back on track and could lead to a broader recovery, with the…
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Gold managed to add more advance above the resistance 2635 while Intraday indicators still show a chance for a correction toward 2600-05. Prices will face the resistance trend around 2650-52 and if Gold holds below it, a drop a…
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