2024

Wednesday sees the release of the last major US CPI data that could affect next week's pivotal FOMC meeting. There is a pretty strong consensus now that the Fed will go through with its final rate hike of the year. The US CPI data figures…
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GER 40 keeps its edge Germany’s stock index faded slightly from its record high as the Dax looks to hit another peak. The Germany’s stock index made a decisive break above 20000 putting buyers back in the game with a solid footing. The…
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Commodity currencies are in focus lately as China stimulus and Trump tariffs are being evaluated by the market. Although underwhelming expectations from investors, the programs initiated by the Chinese government appear to be having some…
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XAUUSD Consolidates amid Non Farm Payroll data Gold has a brief jump as the dollar index fell amid last week’s non farm payroll data. On the chart, the price has bounced off the origin of its breakout at 2610. A close above…
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GBPUSD the fightback begins The lack of dollar strength in recent sessions has seen the pound claw back some lost ground. With progressive US data in the past week, the market's final potential shake-up is how aggressive the final US…
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The Dow managed to break above the resistance of 44100-200 two weeks ago and managed to hit the target 44800. As we see over the chart, the market faces the support zone around 44100-200, and prices could expand toward 45200 and 45600.…
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As we see over the Intraday chart, Gold faces a downtrend resistance line around 2652-55, which could keep the pressure on toward the support zone of 2605-10. Above 2655 more advance will be expected with resistances at 2675 and 2688.…
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Crude Oil still holds the trading zone between support 66.15 and resistance 72.00-50. If prices remain below the resistance of 70.15, a chance for a further drop could happen with support at 66.15. The market managed to retreat toward…
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