2024

The Euro managed to pass above the 1.1000 level which could give a push for more advance. The Intraday levels show a possible uptrend channel which could have resistance around 1.1030-50 and support at 1.0890. A trading zone could occur…
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Markets Await CPI! Gold led the way as price action pushed for another record high ahead of today’s CPI news. The economy has weighed on investors recently as fears about a recession grew. Will the Fed have no choice but to cut rates…
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Today's US CPI data release is likely to be the most important for the whole week, in light of what happened to the markets last week. The most recent drop (and so far tepid recovery) was driven primarily around the outlook for the US…
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GBPUSD probes for support Cable moved higher as April’s unemployment rate fell more than expected. A break above 1.2800 has further put the bears on the defensive. On the chart, the pound is still in a downtrend, meaning that the…
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RBNZ Rate Decision: Are We Sure It's A Cut? New Zealand's central bank is the first to wade into the choppy waters of the financial world after last week's "flash crash". Although markets have largely stabilized since then, there has been…
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EUR/AUD falls from peak The Australian dollar surged as business confidence was boosted in the country. The chart shows that the bias favours the Aussie after it broke below 1.6600. A drop below 1.6550 has forced leveraged buyers to bail…
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The Dow managed to rebound after last Monday’s sell off and managed to enter the resistance zone of 39475-875. As we see on the chart, resistance is showing around 39475-875 which could re-activate the downtrend pressure for a drop…
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Gold managed to sustain the advance wave as we projected last week. As we see on the Intraday chart, the market is facing a possible trading zone between the support of 2425-30 and resistance 2445-50. Above 2450 more advance will be…
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Crude Oil managed to maintain a daily close above the support of 72.45 and met the target of 74.25. As we see on the Intraday chart, prices face the first support around 73.30. If prices hold above this support, more advance toward the…
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