On Tuesday, the price of gold stabilized as mounting geopolitical tensions spurred demand for the safe-haven asset. Escalating protests against Israel’s presence in Gaza, Russia’s initiation of a new conflict in Ukraine, and concerns regarding potential disruptions in global trade have heightened the perception of geopolitical risk. The decision by BRICS nations...
The GBP/JPY Futures have demonstrated seven consecutive days of growth, characterized by a consistent retesting of previous market inefficiencies and increasing volumes. Each day, the price has closed above the volume range of every candle, while also maintaining its position above the Volume Weighted Average Price (VWAP). Additionally, the Delta has consistently...
Since its inception in July 2015, Ethereum has undergone a remarkable ascent in value, surging from a mere $0.31 to its current price of $3,000. This represents an extraordinary return on investment of nearly 10,000 times, potentially transforming modest investments into substantial fortunes. However, the pivotal question remains: does Ethereum still harbor the...
GBP/USD is facing challenges in the aftermath of the recent data release from the UK's Office for National Statistics. According to the data published early Tuesday, the ILO Unemployment Rate in the three months to March edged higher to 4.3% from the previous 4.2%, aligning with analysts' expectations. Meanwhile, annual wage inflation, indicated by the change in...
The EUR/USD pair benefited from modest selling pressure on the US Dollar (USD) and concluded Monday's session in positive territory. Recent days have witnessed a notable selling pressure with low volume observed in both the cross and the future of the EUR. Later in the session, the US Bureau of Labor Statistics will unveil the Producer Price Index (PPI) data for...
The GBP/JPY experienced a notable turnaround at the 200.500 level following reports indicating potential direct intervention by the Bank of Japan (BoJ) in the foreign exchange (FX) markets. This intervention, suspected to have occurred twice within a two-day span earlier this week, aimed to bolster the beleaguered Japanese Yen (JPY). Disclosure reports from the...
The Pound Sterling's recovery has encountered a standstill amidst robust speculation regarding early rate cuts by the Bank of England (BoE). Concurrently, the GBP/CAD pair, after establishing a bottom within its channel around 1.68880, initiated a pronounced bullish surge, propelled by a convergence of technical and seasonal indicators. Technically, the price...
Amidst a backdrop of fluctuating market conditions, the price of Bitcoin recently experienced a dip to $61K, yet it managed to defend one of its most resilient levels. Former President Donald Trump's recent comments, urging support from America's pro-crypto community, further highlight the evolving landscape of digital assets within the realm of political...
The Dow Jones Industrial Average has recently surpassed the 39273 level, breaching the 61.8% Fibonacci retracement threshold, yet remaining below the 78.6% mark. Currently, the price has encountered a Bearish Order Block in a higher timeframe, suggesting the potential for a reversal, particularly given the overbought conditions signaled by both the stochastic...
On Monday, the price of gold experienced a rebound as market participants deliberated over the trajectory of interest rates in light of recent US employment indicators. According to Friday's data released by the Bureau of Labor Statistics, the US Nonfarm Payrolls report indicated that 175,000 individuals secured employment in April, falling below market...
The EUR/USD exhibited a modest bearish tone and closed in negative territory during Tuesday's trading session. Despite attempts to recover, the pair struggled to regain traction after reaching a peak of 1.0800 in recent days. Looking ahead, today's economic calendar appears relatively quiet, with no high-impact data releases scheduled. However, market participants...
The US crude oil benchmark is currently trading around $79.50 on Friday, marking a continued decline from its recent peak of $88.00. This downward trend is attributed to several factors, including rising crude inventories in the United States and diminishing expectations for interest rate cuts from the US Federal Reserve (Fed). The Fed's decision to maintain...
In assessing the Nasdaq's current market conditions, there emerges a compelling narrative suggesting a potential bearish leg in its trajectory. This notion finds its roots in the recent retest of the 78.6% Fibonacci retracement level, a critical technical threshold renowned for its significance in price action analysis. Concurrently, this retracement is...
The Dow Jones Industrial Average has recently attained a critical juncture, reaching the 61.8% Fibonacci retracement level. This significant milestone is augmented by the convergence of several key technical factors, notably including the Point of Control (POC) volume and divergence signals observed across various indicators. The confluence of these technical...
The recent movement in Platinum futures has seen a notable retest of the upper boundary of the range, coinciding with a resistance zone commonly referred to as "Supply." Our analytical approach begins at this critical juncture, where we factor in various elements, including the seasonal behavior observed in this precious metal over the past decade and a half. A...
Following the USD/JPY's ascent to 160.200, the currency pair underwent a reversal, marked by a retracement to the 50% Fibonacci level and subsequent bearish momentum, driving prices down to approximately 151.885. In Japan, Masato Kanda, a prominent figure in currency diplomacy, hinted at potential measures to address market volatility, signaling possible...
Natural Gas Prices Rally Amidst Geopolitical Tensions and Market Sentiment Shift The price of natural gas is staging a recovery, currently trading around $1.80 as of the time of writing. Preceding any technical analysis, it's important to note that the US Dollar Index is experiencing a slight decline, as market sentiment favors risk assets over safe havens and...
As April unfolds, investors and traders in the corn futures market find themselves at a critical juncture marked by seasonal trends and heightened volatility. Historically, April has been a period of growth in corn prices, driven by various factors including planting intentions, weather conditions, and demand patterns. However, the current landscape presents a...