Thursday’s trading session brought declines for the stock market, with the S&P 500 index closing 0.88% lower. It was a typical sell-the-news price action following lower-than-expected...
GBP/USD rises, with eyes on the crucial 1.3000 mark. Bullish technical outlook continues; RSI suggests potential for more gains, nearing overbought territory. Support levels to watch...
GBP/USD Price Analysis: Soars as bulls set their sights at 1.3000 The Pound Serling rallied sharply against the US Dollar on Friday, up by more than...
The Mexican Peso trades mixed in key pairs after the release of the Banxico June meeting Minutes. The Peso is higher against the US Dollar but...
Gold is pulling back after the stellar gains made on Thursday following the surprise fall in the US inflation rate in June. Cooling inflation implies a...
The Euro (EUR) is likely to trade in a range, probably between 1.0845 and 1.0900. EUR is expected to continue to rise, but it might take...
NZD/JPY ended Thursday’s session with a significant decline. The bears successfully pushed the pair below the crucial 20-day SMA, signaling a shift in command. In Thursday’s...
Gold skyrockets above $2,400 after softer US CPI sparks hopes for Fed rate cuts in 2024. US 10-year Treasury yield drops 10 basis points to 4.187%,...
The GBP/USD climbs sharply as US inflation disappoints; UK economy exceeds expectations. Technical outlook remains bullish with RSI near overbought, signaling potential for further gains. Key...
EUR/GBP is falling to its next downside target at the June 14 low. It is in a short and medium term downtrend with odds favoring a...
Gold rises as Powell sets a cautiously optimistic tone on his second day of testimony to lawmakers in Washington. Although he did not state when the...
Price action continues to suggest upside risk, so there’s room for the Pound Sterling (GBP) to grow towards the next major resistance at 1.2900, UOB Group...
Risk appears to be tilted to the upside; it remains to be seen if it can break clearly above 1.0850. Risk of the Euro (EUR) breaking...
S&P 500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis. Elliott Wave Analysis Indices: Risk on for...
GBP/USD moves upward within an ascending channel, signaling a bullish bias. The 14-day RSI is positioned just below the 70 level, indicating potential overbought conditions in...
Elliott Wave analysis indices Risk on for ASX 200, DAX 40, and FTSE 100. The SP500 and NASDAQ 100 continue their strong upward trend. I am...
USD/JPY gains over 0.30%, buoyed by Powell’s stance against rate cuts without clear disinflation. Technicals hint at resistance near the 162.00 mark; RSI approaches overbought territory....
Gold surges amid growing expectations of Fed rate cuts in September. US 10-year Treasury yield drops to 4.288%, while US Dollar Index falls below 105.00. Inflows...
The Mexican Peso is rising after the release of broadly inflationary data suggests interest rates might remain elevated. Relatively high interest rates in Mexico, at 11.00%,...
Japan’s verbal interventions are ineffective. Periods of quiet volatility may continue to push USD/JPY higher, with a new line in the sand for intervention now close...