NASDAQ Composite

USOIL consolidates gains Oil prices jumped after the IEA raised its global oil demand growth forecast. WTI crude continues to grind its way up after it reached a seven-year high. The RSI has returned to the neutrality area and a…
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XAUUSD tests resistance Gold hit a speed bump after an upbeat ISM Services PMI boosted the dollar’s appeal. The metal saw buying interest in the major demand zone around 1720. A bullish RSI divergence indicates a slowdown in the…
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GBPUSD turns bearish The sterling struggles to stabilize as the UK braces for a fuel supply shock. After three months of sideways action, the break below the daily support at 1.3600 could be the confirmation that the pound has sunk…
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EURUSD weakens as US taper looms The US dollar holds onto recent gains as markets price in the start of the taper for later this year. While the Fed has not given any specifics, the prospect of winding down the stimulus by…
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AUDUSD seeks support The Australian dollar struggles after cautious RBA meeting minutes. The pair had failed to bounce back from the demand zone around 0.7250 which lies on the 61.8% Fibonacci retracement level of the August rally.…
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GBPUSD hit by fiscal pressure The sterling slowly recovers after the UK government's decision to raise taxes. Britain's budget deficit has hit a peacetime high due to pandemic-related spending. Prime Minister Boris Johnson…
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USDCAD grinds higher The Canadian dollar weakened after the BOC left the current QE unchanged. Following the pair’s bounce off the daily support at 1.2500, the break above the congestion area near 1.2640 suggests strong commitment…
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EURUSD struggles as US Fed remains unfazed The US dollar resumes its rally as the Fed maintains its optimism about the economic recovery. The market’s recent jitters are a sign of indecision as traders navigate amid mixed data and…
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NAS 100 break to new highs The Nasdaq 100 surges as rising Delta cases may force the Fed to reconsider the tapering timeline. Buyers have pushed into new highs after clearing the resistance at 15140. Bullish breakout candles suggest…
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