WTI Oil continues to trade sideways, but bias is bearish Price remains constrained between key resistance and support levels WTI Oil (Cash) is headed for a fifth straight day of declines, slipping below 69.00 and widening the gap with the […]
WTI Oil Drifts Lower But Strong Support Below Read More »
Gold rises above 2,600 again RSI and stochastics suggest more upside moves Gold prices are recouping some significant losses that were posted after the Fed’s policy decision on Wednesday to cut rates by 25 bps. The market tumbled to a
Gold Prices Recover from 1-Month Low Read More »
EURGBP retreats after hitting resistance at 0.8325 Broader downtrend remains intact, but momentum weakens Break below 0.8225 could confirm trend continuation Rebound above 0.8450 may signal bullish trend reversal EURGBP traded lower this week, after hitting resistance near the key
EURGBP Bears Remain in Control Read More »
BoJ may leave rates unchanged in December’s meeting Next rate hike may not come until March Policy decision is due on Thursday at 03:00 GMT Yen weakness continues Market consensus overwhelmingly for steady rates The Bank of Japan (BOJ) is anticipated to keep its interest
BoJ to Hold Rates Amid Uncertainty About Policy Path Read More »
Fed is widely expected to cut rates by 25 bps on Wednesday But updated dot plot may signal fewer cuts in 2025 Can the dollar extend its rebound or is a correction due? Powell’s press conference at 19:30 GMT could
Fed to Likely Cut Rates, But a Pause May Be Around the Corner Read More »
EURJPY erases some gains Stochastic and RSI head down EURJPY has found strong resistance near the 38.2% Fibonacci retracement level of the down leg from 175.37 to 154.40 at 162.30, which overlaps with the 50-day simple moving average (SMA). A
EURJPY Tumbles After Meeting 38.2% Fibo Read More »
Australia’s economic rollercoaster; Aussie in new negative paths New Zealand’s challenging year; Kiwi may dive further Canada’s economic rebound; Loonie unlocks new lows AUDUSD: Bearish sentiment starts in 2024 Australia’s economy demonstrated a mixed performance this year. The RBA maintained the cash
Yearly Technical Outlook 2025 – AUDUSD, NZDUSD, USDCAD Read More »
EURUSD holds within tight range in near term MACD and RSI were below their mid-levels EURUSD had another pullback off the lower boundary of the short-term trading range within 1.0450–1.0600, but the 20-day simple moving average (SMA) seems to be
EURUSD Remains Under Pressure Below 20-day SMA Read More »
Fed seen cutting in December, pausing in January BoJ leans towards keeping rates steady BoE seen ending 2025 on the sidelines as well Flash PMIs, UK and Canada CPIs, and core PCE also on tap Fed seen taking the sidelines
Week Ahead – Fed, BoJ and BoE Conclude End-Year Policy Decisions Read More »
EURUSD: No light at the end of the tunnel EURUSD is down by 4.78% year-to-date and has been stuck in a range since the ECB signaled the end of its rate hike cycle more than a year ago. Despite a boost
Yearly Technical Outlook 2025 – EURUSD, GBPUSD, USDJPY Read More »
