Sterling continues to grind lower in line with our bearish view, edging toward the 1.3100 target (last at 1.3108). Technical outlook Momentum: RSI has exited oversold but remains negative, consistent with bearish control. Trend/SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance. Structure: Ongoing …
Read More »Oil Holds Steady Above the Moving Average 4/11/2025
Price action has been mixed with a slight dip, but the corrective uptrend remains intact. Technical outlook SMAs: Still trending beneath price, supporting momentum. RSI: Attempting to turn higher, consistent with scope for another push up. Base case (bullish while above $60.45) Holding $60.45 keeps the upside favored. A decisive …
Read More »Gold Keeps the Corrective Downtrend on Track 4/11/2025
Selling pressure persists within the ongoing corrective downswing, with price printing a $3,962 low in the prior session. Technical outlook Trend/SMAs: 4H simple moving averages slope lower and sit above price as dynamic resistance, capping rebounds. Structure: A prior rising trendline break keeps bears in control. Momentum (RSI): Continues to …
Read More »Dollar Strength Weighs on the Euro 4/11/2025
The pair hit our first target at 1.1500, printing a 1.1481 low. Technical outlook Trend/SMAs: Price remains capped beneath the simple moving averages and continues to respect a descending trendline, preserving the bearish bias. Momentum (RSI): RSI has exited oversold without a convincing rebound—consistent with persistent selling pressure. Base case …
Read More »Oil Prices Hold Steady Amid OPEC+ Pause and Global Market Uncertainty
Crude oil prices remained largely stable on Monday as markets digested the latest moves by OPEC+ and weighed concerns over global supply and weak manufacturing data in Asia. Brent crude edged up 12 cents to $64.89 a barrel, while U.S. West Texas Intermediate (WTI) rose 7 cents to $61.05.The OPEC+ …
Read More »AI Boom and Mega Mergers Spark a Wave of Optimism on Wall Street
U.S. stock markets posted solid gains as a new trading week began, lifted by dovish remarks from the Federal Reserve, a surge in major merger and acquisition deals, and growing optimism surrounding artificial intelligence — a sector that continues to drive global market momentum.The S&P 500 recorded a modest increase, …
Read More »US Session – Market Drivers: Dollar Climbs as Markets Await Central Bank Moves and Key Economic Signals
The U.S. dollar extended its rally, reaching fresh three-month highs as global investors assessed the Federal Reserve’s next steps and remained wary of the ongoing U.S. budget standoff. The dollar’s strength reflected a broader mood of caution, with markets bracing for a series of central bank decisions and critical economic …
Read More »Supreme Court Faces Crucial Test as Trump’s Tariff Power Redefines U.S. Trade Policy
The U.S. Supreme Court is preparing to decide one of the most pivotal trade cases in decades — a ruling that could redefine the limits of presidential authority over tariffs and reshape America’s role in global commerce. At stake is whether the president can rely on emergency powers, originally designed …
Read More »Pound Holds Steady as Markets Await Bank of England’s Pivotal Rate Decision
The British Pound began the week on a cautious note, hovering near the 1.31 mark as traders awaited the Bank of England’s (BoE) upcoming policy decision. With uncertainty surrounding the possibility of an interest rate cut, the currency remained largely stable against the US Dollar, reflecting a market mood marked …
Read More »Trump’s Fed Pick Could Reshape the Dollar, Yields, and Wall Street’s Future
As President Donald Trump narrows his shortlist for the next Federal Reserve chair, the implications stretch far beyond interest rates—they could redefine the trajectory of the U.S. dollar, Treasury yields, and equity markets. With Jerome Powell’s term ending in May 2026, five contenders are in the running, each carrying a …
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