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Oil, Crude, trading
Read More »GBP/USD: Cautious Optimism as GBP Attempts to Break Resistance 19/6/2024
WTI: Bullish Momentum Strengthens, Eyes on $80 19/6/2024
WTI crude oil futures prices are on the rise, targeting the $80.00 per barrel threshold. Technical Outlook: Our analysis remains bullish, bolstered by the price finding support above the critical 79.65 level and the continued positive momentum provided by the simple moving averages. Upward Potential: The upward trend appears poised …
Read More »EUR/USD: Downward Pressure Persists Despite Positive Attempts 19/6/2024
The EUR/USD pair showed positive movements at the end of last week, but the upside remains limited as the pair failed to break above the 1.0760 resistance level. Technical Outlook: On the 4-hour chart, the 50-day simple moving average (SMA) continues to act as a significant barrier around the 1.0760 …
Read More »Forex Overview: Dollar Firms Ahead of Retail Sales Data and Fed Speeches
The U.S. dollar gained ground on Tuesday, buoyed by anticipation of key retail sales data and speeches from Federal Reserve officials. Traders sought insights to better understand the potential timing and pace of future interest rate cuts. The Dollar Index, measuring the greenback against a basket of major currencies, rose …
Read More »Europe’s Stock Markets Stumble: Hawkish Fed Casts Shadow on Global Monetary Policy
European stock markets took a hit on Thursday as the aftershocks of the U.S. Federal Reserve’s hawkish stance sent ripples across the financial landscape. Investors were left to grapple with the prospect of fewer U.S. rate cuts than anticipated, casting a shadow over global monetary policy easing. At the heart …
Read More »Dow Jones Industrial Average Technical Analysis: Cautionary Negative Outlook 13/6/2024
Oil, Crude, trading
Read More »USD/CAD Technical Analysis: Uptrend Continuation Expected Amidst Positive Momentum 13/6/2024
The USD/CAD pair continues to exhibit a strong upward trend, bolstered by its firm footing above the crucial support level of 1.3690. Technical Outlook Our technical analysis suggests a continuation of the uptrend. The positive momentum derived from the simple moving averages, coupled with the Relative Strength Index’s (RSI) attempts …
Read More »USD/JPY Technical Analysis: Upward Trend Remains Intact, but Caution Warranted 13/6/2024
japanese-yen
Read More »GBP/USD Technical Analysis: Cautious Optimism Despite Bearish Signals 13/6/2024
Oil, Crude, trading
Read More »WTI Crude Oil Technical Analysis: Cautious Bullish Outlook Amidst Potential Gains 13/6/2024
WTI crude oil futures prices experienced notable gains yesterday, reaching our previously identified target of 78.80 and peaking at $79.28 per barrel. Technical Outlook We maintain a cautiously bullish outlook, supported by the positive influence of the 50-day simple moving average and the price holding above the crucial 77.60 support …
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