Oil prices fall further on demand concerns but geopolitics remain supportive
Oil price extends steep decline into the second consecutive day and hit two week low in early Tuesday, after the price fell nearly 4% on Monday.
Oil was deflated by weaker demand outlook and signals that Israel will not strike Iranian…
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EURUSD – increased downside pressure below daily cloud but bears may face headwinds from…
EURUSD dipped to new two month low early Tuesday, remaining under pressure from risk aversion on China’s latest stimulus news and wide expectations of ECB rate cut by 25 basis points on Thursday.
After registering a daily close below…
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XAUUSD – bulls to remain in play above $2600
Gold price rose to the highest since Oct 4 on Monday, in extension of strong rally last Thu/Fri, inflated by the latest decision by China to further boost its stimulus to the economy.
The news sparked fresh risk aversion by signal that…
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Cable – bearish bias under daily cloud top
Bears hold grip and keep the price within daily cloud for the third straight day, with cloud top acting as solid resistance and limits upticks.
Renewed probe through 1.3049 (50% retracement of 1.2664/1.3434) looks for eventual firm break…
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BTCUSD – fresh bulls broke through 200DMA which capped the action for two weeks
BTCUSD regained traction on Monday and resumes bull-leg off 58850 (Oct 10 low) after two-day pause.
Fresh advance broke through 200DMA (63302) which capped the action in past two weeks, advancing around 3.5% during Asian and European…
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USDJPY – holding above broken Fibo level keeps bulls in play for possible 150+ acceleration
USDJPY remains constructive and pressuring the top of recent consolidation range in early Monday trading.
The second weekly bullish close, with long tailed last week’s candle, suggests that bulls hold grip for attack at psychological 150…
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Dollar index – bulls pause after US data and look for fresh direction signal
The dollar holds in a sideways mode vs the basket of major currencies for the second straight day, as US September CPI data cooled expectations for another Fed jumbo rate cut, though the sentiment is still bullish and keeps the greenback…
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EURUSD – bears hold grip and pressure key 1.10 support zone ahead of US labor data
EURUSD remains firmly in red and trading near the lowest level in almost one month on Friday morning.
Bears eye key supports at 1.10 zone (psychological / Sep 11 higher low / Fibo 38.2% of 1.0601/1.1204 uptrend) break of which to…
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Cable falls to three week low on dovish steer in rate outlook / weaker than expected economic data
Cable remains firmly in red and accelerated lower on Thursday morning, falling over 1% for the session.
Sterling came under increased pressure from dovish comments from BoE Governor Bailey, who said the central bank could be more…
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US Elections 2024 Market Outlook: Potential Impact on Stocks, Commodities, Cryptocurrencies, and…
Key Takeaways
The 2024 US Presidential Election is poised to significantly impact various markets, including stocks, commodities, cryptocurrencies, and the US dollar.
A Trump victory could boost US stocks and…
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