2024

USOIL (Crude OiL WTI)  hitting fresh highs Crude OiL WTI hits another fresh high as economists expect a test at the $100 in the next few months. As a show of resilience, the price has managed to stay above the psychological floor of…
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GBPUSD remains under pressure BoE interest rates kept Cable downbeat as they remained on hold., denting Conservative hopes of a boost to finances just two weeks before the general election. With labour expected to take a victory with…
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Where Is the Euro Weakness? Typically, when the central bank moves towards easing, the market reacts by weakening the currency. Two weeks ago, the ECB cut interest rates for the first time in this cycle. Yet the Euro remains relatively in…
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USDCHF bounces back The CHF softened as the greenback moved over 100 pips to break the 0.8900 level. After a progressive rally for most of the past month, a sharp turnaround saw buyers step back into the frame. Bulls must clear the next…
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US financial markets are in a bit of disarray at the moment, as there seems to be data pointing in opposite directions. While this uncertainty could be good for the dollar in general, there does seem to be a decided risk-on attitude that…
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AUDUSD boosted by the RBA The Australian dollar continued its comeback as the RBA decision held off on cutting interest rates for now. As the pair searches for a full recovery to the previous swing high at 0.6700, a bearish RSI…
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There is a lot of expectation around tomorrow's Swiss National Bank (SNB) meeting, and either outcome could jolt the Swissie. A lot has happened since the last time the bank has met, or at least traders are behaving like they think so.…
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US30 fails to recapture recent high The Dow Jones 30 steadies as traders await more news of a jump in tech stocks. A close above the daily resistance of 39000 would help bulls regain control of the direction, with a bullish MA cross…
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