2024

Crude Oil managed to fall below the support of 80.00 which could push for a further drop. As we see on the chart, the market is facing the first intraday resistance around 80.30 with the second resistance laying at 81.50. If prices hold…
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USDJPY managed to break below 157.60 very rapidly. As we see on the chart, the market is facing 157.40-60 as a resistance level. If prices hold below it, the downtrend pressure could sustain toward the first target of 155.70 and 154.50.…
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GBPUSD managed to sustain an advance and managed last week to break above the 1.2890 resistance. As we see on the chart, the market is facing the first Intraday support around 1.2900. If prices hold above it, more of an advance could hit…
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The Euro managed to break above 1.0915 today which could set off another advance as previously predicted. As we see on the daily chart, prices now face a 1.0860 support level. If prices hold above it then the advance wave could move…
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The Japanese Yen has witnessed a significant decline to its lowest levels in decades against major currencies, drawing attention to the Bank of Japan (BoJ) to see if it can rescue the struggling currency. As the USD/JPY pair reached…
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The last time the ECB met, the result was what the headlines called a "hawkish cut". That's because the easing was widely expected, and was followed up by assurances that the ECB would stick to the data. And the data at the time (and since)…
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XAGUSD consolidates gains Silver remains cautious even though a weaker US dollar boosted the demand for precious metals. A surge above June’s high of 31.54 indicates intense buying pressure, carrying the price to the psychological level…
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The chances of a rate cut from the BOE are on a knife's edge at the moment, so the usual barrage of UK data this week could have a major impact on the markets. Cable has been riding a post-election high, with markets expecting slightly more…
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