2024

We continue with our previous outlook from a few weeks ago, despite the market spike above 1.2815. As seen on the chart and if the market holds below 1.2800-15, then a further drop will be expected with supports at 1.2640 and 1.2450. A…
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The Euro dropped further due to the fallout of the political turmoil in France. Prices closed at the triangle support trend line around 1.0650. If the market holds trades above this support, then a rebound could have a chance with…
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Crude Oil advanced above 76.50, which could maintain the current advance for a while. As seen on the Intraday chart, prices face support around 76.00, where if prices hold above, the advance movement could sustain to the resistance zone…
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UKOIL (Brent crude) on the road to recovery Brent crude continues to push the boundaries of recovery as it aims to recapture the 84.00 level. The recent gains came as economists see summer fuel demand pushing the market in the coming…
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Oil prices have been on a bit of a roller-coaster lately. Falling to four-month lows in early June, then rebounding. The price dropping after OPEC+ affirms its plan for production cuts, rising after the dollar ends up a little stronger.…
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USDJPY bounces back The US dollar bounced after a dovish signal from the Bank of Japan. The pair managed to bounce back after falling over 100 pips due to the latest CPI data from the US. The latest surge above 156.50 has prompted…
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The yen has been behaving pretty well lately, keeping mostly below the 160 handle against the dollar that has become something of a line for Japanese financial authorities. That's despite a series of data points coming out from the US that…
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USOIL on course for recovery The WTI crude closes in a full recovery after breaching the 78.00 zone. Still, a full retracement of the previous swing high above 80.50 has some way to go. As the price inches towards the double top of 79.40…
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Beyond Inflation: Why Wage Growth is "Bad" For Central Banks Now that the general theme of central banks has moved towards cutting, some have been able to do so sooner than others. Two of the majors, the Fed and the BOE, are seen as the…
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