The Dow Jones Industrial Average on Wall Street recovered, aligning with our positive expectations, and is gradually rising towards our target of 48,930, reaching a high of 48,893. Technical Outlook – 4-Hour Timeframe: The price remaining above the 50-day simple moving average increases the likelihood of further gains, supported by …
Read More »Canadian Dollar continue to decline 17/4/2026
The USD/CAD pair achieved the downward targets outlined in the previous technical report, reaching the official target of 1.3710 and hitting a low of 1.3679. Technical Outlook – 4-Hour Timeframe: The simple moving averages are exerting downward pressure on the price, along with the consistent trading within a descending corrective …
Read More »Pound retesting support 17/4/2026
The British pound came under negative pressure against the US dollar as it approached the psychological resistance level of 1.3600, forcing it into a downward trend. Technical Outlook – 4-Hour Timeframe: Despite the downward bias, the simple moving averages are still supporting the price from above. Additionally, positive signals are …
Read More »Oil: negative pressure persist 17/4/2026
The downward trend continued to dominate the price movements of US crude oil futures, following the bearish trajectory outlined in the previous technical report. Technical Outlook – 4-Hour Timeframe: In the short-term market, the simple moving averages continue to act as dynamic resistance levels, exerting downward pressure on the price …
Read More »Gold Braces for Volatility at $4,800: Who Wins the Trend? 17/4/2026
Gold (XAU/USD) saw mixed trading during the previous session, with the price facing some selling pressure due to the strong resistance level of 4800, which continues to represent a key obstacle to further upward movement. Technical Outlook – 4-Hour Timeframe: The price successfully recovered above the 50-day simple moving average, …
Read More »Euro attacks resistance 17/4/2026
Mixed trading is dominating the EUR/USD pair, which maintains a gradual and quiet upward movement, hovering near the psychological barrier of 1.1800. Technical Outlook – 4-Hour Timeframe: In the short term, the pair is holding above the 50-day simple moving average, reinforcing the corrective uptrend. The Relative Strength Index (RSI) …
Read More »Dollar Steadies Near March Lows as U.S.-Iran Peace Hopes Ignite Global Risk Appetite
Key Takeaways: Greenback stabilizes: The U.S. Dollar Index ticked up fractionally but remains near its lowest level since March as safe-haven demand wanes. Aussie dollar surges: The risk-sensitive Australian dollar hit a four-year high, reflecting a broader shift in market sentiment. Diplomacy in motion: Washington and Tehran agree in principle …
Read More »Wall Street Wavers at Record Highs as S&P 500 Breaches 7,000 Amid Geopolitical Optimism and Earnings Beats
Key Takeaways: Record-breaking rally: The S&P 500 closed above 7,000 for the first time in history, while the Nasdaq notched a fresh all-time peak. Geopolitical pivot: Markets are pricing in a resolution to the U.S.-Iran conflict, though analysts warn the upside from peace talks may be capped. Blockade persists: A …
Read More »Aluminum Prices Smash Four-Year Highs as Geopolitical Turmoil Threatens Global Supply Chains
Key Takeaways: Prices hit multi-year peaks: LME aluminum breached $3,636 per metric ton, its highest level since March 2022, while Shanghai futures jumped 2.9%. Massive supply deficit looms: Analysts at JPMorgan Chase forecast a 1.9-million-ton shortfall this year—the largest since 2000—driven heavily by Middle Eastern production losses. Global inventories plunge: …
Read More »Gold Shines as Dollar Sinks: Metals Rally on China GDP Beat and Shifting Middle East Dynamics
Key Takeaways: Gold nears one-month highs: Spot gold climbed 0.9% past $4,835 an ounce as a prolonged slide in the U.S. dollar reignited demand for precious metals. Dollar drops for a ninth consecutive session: The greenback hit a six-week low, pressured by soft producer inflation data and a revival in …
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