The NZD/USD stabilizes near 20-day SMA as bears intensify their attempts to breach the20-day SMA. Despite spirited defenses, both bulls and bears are yet to make...
EUR/JPY trades at 168.43, marking the second consecutive day of losses due to political uncertainty in France. Technical outlook: Consolidation below 170.00 with potential further losses...
Gold soars above $2,330 as investors bet on Fed rate cuts later this year. Risk aversion due to European political turmoil boosts demand for safe-haven assets...
Friday’s trading session is likely to open lower, with the S&P 500 index expected to dip by 0.6% following Wednesday’s record-breaking rally and Thursday’s consolidation. Yesterday,...
Election-related concerns are extending pressure on French assets, and markets are likely to play defensively. This will keep the Euro (EUR) on the back foot, says Shaun Osborne,...
The Canadian Dollar (CAD) is a relative outperformer in Friday’s session, says Shaun Osborne, Chief FX Strategist at Scotiabank USD/CAD short-term trend momentum is weak “Despite broader...
GBP/USD drops to 1.2683, marking a new four-week low of 1.2656 amidst risk aversion. Technical outlook: Bearish momentum as RSI falls below 50; potential support at...
GBP/USD Price Analysis: Bearish harami confirmed as Pound slumps below 1.2700 The Pound Sterling dropped sharply below the 1.2700 figure as risk aversion took its toll on most...
Broadcom could be the next company to join the trillion dollar club. Wednesday’s earnings release showed another beat-and-raise announcement that has become commonplace. Markets consolidate on...
The Mexican Peso briefly recovered on Thursday after the President of the Banxico warned she will prop up the Peso if volatility persists. The recovery falters...
Gold continues to trade in a range established in spring as traders respond to mixed macroeconomic signals. Whilst the data points to a fall in inflation,...
FTSE 100 (UK) Elliott Wave Analysis Trading Lounge Day Chart. FTSE 100 (UK) Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Orange wave 5. Position: Navy...
GBP/USD Price Analysis: Needs to find acceptance above 1.2800 for bulls to seize control The GBP/USD pair trades with a negative bias for the second straight...
Silver prices have fallen aggressively during the last six days, with losses of more than 7%. Momentum supports further downside as RSI turned bearish. Key support...
USD/JPY edges up slightly despite falling US Treasury yields. Technical outlook: Buyers in control, targeting 157.00 and potentially April’s high of 158.44. Downside risks are seen...
The Mexican Peso bottoms out after falling to 18-month lows midweek. President Obrador hits back at critics and speculators, defending his judicial reforms. USD/MXN pulls back...
USD/CAD could test the lower boundary of the rising channel, potentially rebounding to re-enter the rising channel. A break below the 50 level on the 14-day...
Elliott Wave trading strategies: SP500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. In this comprehensive Elliott Wave analysis, we dive into...
GBP/USD soared more than 0.70% on Wednesday, post-CPI, ahead of FOMC’s decision. Key technical resistance lies at YTD highs of 1.2893, 1.2900, and the 1.3000 figure....
Silver shoots up after the release of US inflation data. It threatens to break above an important resistance level at $30.00. At the same time the...