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market insights

Gold Breaks $2k!

David Kindley Mar 20, 2023 78 0

After the $70 jump on Friday's session, Gold has kept pushing as the $2k level is tested. With the banking turmoil in full swing, will the yellow metal push past yearly highs? Safe-haven moves could be trimmed as UBS prepare to rescue…
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Technical Analysis

Dow Falls Again as 32K is Broken!

David Kindley Mar 14, 2023 67 0

More than $100 billion was wiped off Wall Street as the collapse of SVB continued. High inflation, followed by high-interest rates, has seen confidence levels in the banking sector fall rapidly. All eyes will now be on the Fed as they…
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Technical Analysis

Gold Looking to Correct at $1800!

David Kindley Feb 28, 2023 70 0

The yellow metal is under further pressure as economists seek the next support level. Prices at the $1800 level have not been seen in over 2-months as traders gear up for the next test. With the dollar being robust in the last few…
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Technical Analysis

Gold Finds Support After Hitting Year Low!

David Kindley Feb 20, 2023 77 0

Gold prices dropped to their lowest level this year as the yellow metal looks for support. FOMC minutes this week could also shake up the dollar even further. Could a further sell-off send Gold towards the $1800 level, or can bulls…
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Technical Analysis

Gold Continues Sell-Off, $1800 Closing In?

David Kindley Feb 16, 2023 65 0

Gold prices extended their losses in the aftermath of America’s CPI data. The yellow metal dropped past prior psychological support of $1,850. With the greenback remaining resilient, retail sales gave the dollar a boost. Timestamps…
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Technical Analysis

CPI to Push Dollar Higher?

David Kindley Feb 14, 2023 78 0

The annual inflation rate in the US likely to fall even further today. It shows a remarkable move from the 9.1% seen only last year. With Cable moving over 100 pips from yesterday's session, will we see a sharp turnaround on all…
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Technical Analysis

Dow Jumps to Test Previous Resistance!

David Kindley Jan 17, 2023 76 0

The Dow Jones nears a previous resistance target as the Fed continues to drive the market. In addition, the Dollar has dropped over 11% from its peak in the last three months. With the Fed ending its aggressive rate hikes, how far…
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Technical Analysis

Oil Boosted as China Reopens!

David Kindley Jan 16, 2023 79 0

Oil prices had their biggest weekly gain since last October. This came amid cooling inflation in the US and an improved outlook for growing demand from China. Following China’s reopening, will we now see crude hit $100 before Q1…
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Technical Analysis

Gold Touches $1900 as Inflation Cools!

David Kindley Jan 13, 2023 85 0

Inflation in America dropped again, with the biggest reason for the easing coming from a sharp drop in gasoline prices. Markets are watching the Fed’s moves closely as officials battle against inflation. Will the next meeting bring…
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Technical Analysis

Dow Moves Higher Ahead of CPI Data!

David Kindley Jan 12, 2023 71 0

Stocks and Indices have rallied ahead of today’s CPI data. Optimism was heightened over the slowdown of the Fed’s rate hiking. It is the final CPI report before the next interest rate decision, which is supposed to be a 50 BP…
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