2024

As is customary, the UK will give an avalanche of data before the market opens on Friday, but the GDP figure might be the most important of the figures released. The BOE is expected to be one of the slowest to roll out monetary easing. But,…
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EURUSD continues choppy consolidation The euro grinds lower as CPI data in the US remained steady. The current overall sideways action suggests that the bulls are looking to hold onto their recent gains after the recent rally. The top…
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The Dow managed to break above the resistance of 44100-200 two weeks ago and managed to hit the target of 44800. As we see over the chart, prices face a support zone around 44100-200. If the market holds above it, the advance wave could…
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Gold managed to break above 2655 and advanced toward the targets of 2675 and 2688. Prices are now closing to a third target to the resistance zone 2710-20. As we see over the chart and as long as prices remain below, 2710-20 a chance for…
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Crude Oil still holds the trading zone between the support 66.15 and resistance 72.00-50. As long as the market keeps holding below the resistance of 70.15, a chance for a further drop could hit the market with support at 66.15.…
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USDJPY managed to meet the target of 151.90 and broke higher. As we see over the chart, the first intraday support is at 152.00-15. If prices remain above it, more advance toward 154.00 will be expected. Below 152.00 more of a drop to…
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GBPUSD hit above the 1.2770 resistance level as the market shows mixed signals. As we see over the Intraday chart, the market could have a chance for more advance, if prices hold above the support of 1.2715, where an advance toward…
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The Euro tested the resistance level of 1.0610, and dropped further towards the target of 1.0525 and below. Prices so far are holding above the first support of 1.0460, while the downtrend pressure is still ongoing as long as the market…
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Both the markets and economists are universal in their agreement that the European Central Bank (ECB) will cut rates. But there seems to be an open debate among ECB officials themselves over how much it should be. In either case, the market…
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AUDUSD probes support The Australian dollar (Aussie) steadied as the RBA paused from cutting its interest rate. On the chart, the price has come under pressure after failing to break the previous swing high at 0.6470. A combination of…
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