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
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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
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Read More »GBP/USD Technical Analysis: Cautious Optimism Despite Bearish Signals 13/6/2024
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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
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