Key Takeaways Hike widely expected: The RBA is anticipated to raise rates by 25 basis points to 4.35% on May 5 — its third hike of the year. Easing cycle reversed: The move will fully unwind the brief easing cycle of 2025 and return rates to late-2024 levels. Inflation alarm …
Read More »Oil Holds Above $100: Trump’s Hormuz Rescue Pledge Falls Flat as OPEC+ Hikes Output on Paper Only
Key Takeaways Modest gains: Brent crude rose 0.6% to $108.84 per barrel, while WTI added 0.6% to $102.59 — both bouncing back after Friday’s losses. No deal in sight: The absence of a U.S.-Iran peace agreement continues to constrain supplies and prop up prices above $100. Hormuz still choked: Shipping …
Read More »Dow Jones Under Pressure… Is the Slide Far From Over? 4/5/2026
A bearish tone has dominated the Dow Jones Industrial Average on Wall Street, with the index encountering sustained selling pressure that drove prices to an intraday low of 49,570 — a development that underscores the fading bullish momentum across the current period. Technical Outlook for Today’s Session – 4-Hour Timeframe: …
Read More »Loonie’s Failure Above 1.3600 Reignites Selling Pressure 4/5/2026
The USD/CAD pair has retreated significantly after failing to establish a foothold above the psychological resistance at 1.3600, which imposed clear downward pressure and steered the pair into a renewed downtrend. Technical Outlook – 4-Hour Timeframe On the short-term horizon, the simple moving averages continue to weigh on the price, …
Read More »Pound Anchors at Support Level 4/5/2026
The GBP/USD pair has successfully reversed its prior bearish trajectory, breaching the 1.3500 resistance ceiling and advancing toward 1.3560 — a development that signals a clear improvement in buying momentum and a shift in market sentiment. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, the simple moving averages have …
Read More »Oil Fights to Hold Its Ground 4/5/2026
US Crude Oil (WTI) Technical Analysis Mixed price action is dominating US crude oil futures, with the contract oscillating between bullish and bearish swings as both camps vie for control. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, the price endured a notable pullback, though robust buying demand emerging …
Read More »Gold Trapped Between $4,560 and $4,660… Which Way Will It Break? 4/5/2026
Gold prices (XAU/USD) continue to drift in a sideways pattern, confined within a well-defined range bounded by support at $4,560 and resistance at $4,660, as market participants adopt a wait-and-see stance pending a clear directional catalyst. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, the price encountered formidable dynamic …
Read More »Euro Enters Overbought Territory… Is a Pullback on the Horizon? 4/5/2026
EUR/USD Technical Analysis The EUR/USD pair has delivered positive price action in line with our previous projections. We had highlighted that a confirmed break above 1.1680 and subsequently 1.1700 would propel the pair toward 1.1790 — a target that was duly achieved, with the pair printing an intraday high of …
Read More »Bitcoin Bounces Back Above $77K: Wall Street Records and Apple’s Stellar Earnings Reignite Crypto Rally
Key Takeaways Bitcoin rebounds: The world’s largest cryptocurrency rose 1.8% to $77,143 after dipping near $75,000 earlier in the week. April winning streak: Bitcoin gained 12% in April amid the temporary U.S.-Iran ceasefire and Wall Street’s record-breaking run. $80K still the wall: The $80,000 resistance level continues to cap rallies, …
Read More »Wall Street Rides High: Apple Soars 3%, Reddit Skyrockets 17% as S&P 500 and Nasdaq Carve Fresh Records
Key Takeaways Futures edge higher: S&P 500 futures gained 0.1% to 7,250.75, Dow Jones futures rose 0.14% to 49,907.0, while Nasdaq 100 futures slipped 0.13%. Records shattered Thursday: The S&P 500 closed up 1% above 7,200 for an all-time high, the Nasdaq Composite added 0.9% to its own record, and …
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