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 …
Read More »EUR/USD Technical Analysis: Cautious Optimism Amidst Limited Gains 13/6/2024
The euro showed positive momentum against the US dollar yesterday, reaching a high of 1.0852. However, gains remained limited as the 1.0860 level acted as a strong resistance point, putting temporary pressure on the price. Additionally, the Stochastic indicator is exhibiting negative signals, suggesting a potential reversal. Despite this, the …
Read More »Dollar struggles to trim losses after Powell’s press conference
Following the Federal Open Market Committee’s (FOMC) modification of its interest rate estimates, which were more hawkish than anticipated, the US Dollar Index observed an upward trend on Wednesday. After the Consumer Price Index (CPI) fell to a low of 104.30 in May due to lower-than-expected data, the dollar recovered …
Read More »European Stocks Rise Amid Economic Data Release and Fed Meeting Anticipation
European stock markets experienced gains on Wednesday as investors digested regional growth and inflation data ahead of the conclusion of the Federal Reserve’s latest policy meeting. Key Market Movements: DAX (Germany): +0.4%CAC 40 (France): +0.4%FTSE 100 (U.K.): +0.6% Economic Data: German consumer prices rose 2.8% year-on-year in May, up from …
Read More »Dow Jones: Sideways Movement with Divergent Signals 11/6/2024
Oil, Crude, trading
Read More »USD/CAD Technical Analysis: Uptrend Continuation Expected 11/6/2024
The USD/CAD pair maintains its upward trajectory, holding firm above the key support level of 1.3690. This stability has propelled the pair to rebound upwards, reaching 1.3780. Technical analysis suggests a continuation of the uptrend. Positive momentum from the simple moving averages, coupled with the Stochastic oscillator’s attempts to gain …
Read More »USD/JPY Technical Analysis: Bullish Trend Intact, Further Upside Potential 11/6/2024
japanese-yen
Read More »GBP/USD Technical Analysis: Cautious Optimism Amidst Potential Uptrend 11/6/2024
Oil, Crude, trading
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