GBP/USD has been range-to-lower, fulfilling the 1.3360 target within the anticipated bearish trajectory. Technical:RSI continues to emit short-term negative signals. Intraday price action remains below the 1.3400 psychological barrier, keeping topside attempts constrained and preserving downside pressure. Base case (downside continuation):Bias stays lower while below 1.3400. A decisive break below …
Read More »Freefall in Gold — Is This the Start of a Major Correction? 22/10/2025
Gold (XAU/USD) sold off sharply after failing to reclaim the $4,380 pivot, in line with the prior bearish bias. The drop forced a retest of $4,245 and extended to a $4,005 low before stabilizing. Technical:A clear double-top has formed, reinforcing short-term seller control. Price holds below down-sloping SMAs, which are …
Read More »Negative Momentum Grips the Euro — Will Key Support Break? 22/10/2025
EUR/USD extended its decline last session, with sellers repeatedly pressuring the 1.1600 psychological floor amid a persistent short-term downtrend. Technical:Price is tracking a descending sub-channel and remains below the downtrend line, while simple moving averages cap rallies as dynamic resistance—all consistent with continued seller control. RSI is nearing oversold, which …
Read More »Canada’s Inflation Rises Slightly, Keeping Pressure on the Bank of Canada
Canada’s Consumer Price Index (CPI) edged higher in September, signaling a modest uptick in inflation and complicating the outlook for future monetary policy decisions by the Bank of Canada (BoC). According to Statistics Canada, the CPI rose 2.4% year-on-year, accelerating from 1.9% in August and slightly exceeding market expectations. On …
Read More »Oil Prices Edge Higher as Traders Weigh Oversupply Risks and Trade Outlook
Oil prices rebounded modestly on Tuesday, recovering from their sharp decline in the previous session as traders assessed signs of an oversupplied market and monitored ongoing developments in the U.S.–China trade dispute. At 10:19 GMT, Brent crude futures rose 52 cents, or 0.84%, to $61.52 a barrel, while U.S. West …
Read More »U.S. Futures Edge Lower Ahead of Heavy Earnings Slate, With Netflix in Focus
U.S. stock futures dipped slightly on Tuesday, pausing after recent gains as investors awaited a busy day of corporate earnings and monitored signs of progress on both the government shutdown and U.S.–China trade relations. By 05:55 ET (09:55 GMT), Dow Jones Futures were down 35 points (0.1%), S&P 500 Futures …
Read More »European Stocks Hold Steady as Investors Weigh Trade Optimism and Earnings
European equities opened broadly stable on Monday, as investors balanced cautious optimism over easing U.S.–China tensions with a steady flow of corporate earnings results and major political developments in Asia. At 03:10 ET (07:10 GMT), the DAX in Germany and the CAC 40 in France each slipped 0.1%, while the …
Read More »Gold Pulls Back from Record Highs as Trade Optimism Tempers Safe-Haven Demand
Gold prices retreated from record highs in Asian trading on Tuesday, pressured by profit-taking and early signs of easing U.S.–China trade tensions that weakened demand for the metal’s safe-haven appeal. At 02:27 ET (06:27 GMT), spot gold slipped 0.8% to $4,322.95 per ounce, retreating from Monday’s all-time high of $4,381.21. …
Read More »Bitcoin Retreats as ‘Uptober’ Optimism Fades Despite Improved Global Sentiment
Bitcoin extended losses on Tuesday, reversing a brief weekend recovery as crypto markets failed to follow the broader rally in risk assets driven by easing U.S.–China trade tensions and upbeat sentiment across Asian equities. At 01:43 ET (05:43 GMT), Bitcoin dropped nearly 3% to $107,712.3, marking another session of weakness …
Read More »Dow Jones Continues a Gradual Rise 21/10/2025
The Dow Jones Industrial Average on Wall Street achieved the bullish targets in the previous technical report, surpassing the official stop at 46,840 and recording a high of 46,963. Technical Outlook for Today’s Session – 4-Hour Timeframe: The 50-period simple moving average continues to provide a positive impetus, supporting continued …
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