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unexpected rise in US crude inventories further soured the sentiment on rising demand concerns.The price hit the lowest in almost two months, with fresh acceleration lower signaling continuation of larger downtrend from $87.61. Technical Analysis On Friday, oil hit 200 SMA , at 79.8, but quickly being pushing back to the support level at 77.7 Further Drop...

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Canadian job market expanded by 90.4K fresh payrolls while annual wage growth slowed to 4.8%. Fed Bostic said the central bank is uncertain about when and how much interest rates should be reduced. Oil Price Decrease boosting the USD on the other hand. Gaza tension also could increase the flow to safe haven Dollar, increase the Dollar Strength Technical...

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Last Week, USDCHF test the Demand Zone at 0.9000 but quickly pullback to 0.9100 In 4H chart, Resistance at 0.9100 make double top patern, further drop below 0.9000 could pull the bear into the market, pushing price to 0.8850 support level. Looking at the potential for a bullish continuation, the USD/CHF could see a positive turn if it manages to climb...

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The published minutes of the BoJ meeting show that most board members took a “hawkish” stance, calling for a rate hike. However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year. Technical Analysis USD/JPY rally is set to continue, as momentum is on the side of buyers, as depicted by the Relative...

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the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. During discussions, two committee members supported a rate cut to 5.0%, which market...

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Throughout the past week, EUR/USD exhibited mixed dynamics, primarily driven by expectations concerning potential interest rate cuts by the US Federal Reserve (Fed) and the European Central Bank (ECB). Statements by officials from both central banks, as well as economic macro-statistics, either heightened or lowered these expectations. CB Chief Economist Philip...

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www.cnbc.com The rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. On Friday, Gold edged higher as the market expect FED to cut rate sooner due to the weakening in the Labour Market. However, hawkish FED and stronger Dollar is still weight on GOLD Price Technical Analysis Price action last Friday...

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Fundamental analysis Non-agricultural news surprised with 175 thousand jobs, nearly 50% lower than last month Technical Analysis Support breaking the support zone at 2290, creating a new bottom zone at 2268. The field configuration continues to choose Gold's correction. Technically, the 200 SMA has not yet been broken, creating conditions for buying to enter...

04:47

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Weaken Us economy will have affect on the dollar However the 140Bil $ Treasory Bond will be issued, that will drive the demand for US Dolar in the medium term .

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Fundamental Analysis German PMI climbed to 42.2, slightly below the expected 42.8 ECB has signaled that it will start to lower interest rates in June UK PMI also miss the expectation Technical Analysis On chart D, price reacts at 0.85824, showing strong support at this price zone (resistance was broken before). An increasing trend gradually forms If...

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Fundamental Analysis Retail sales data are lower than expected, indicating a slowdown in the Canadian economy Technical Analysis USDCAD reacted strongly at SMA20, showing that the downtrend has weakened During the 4th trading session, the price surpassed the peak of 1.3713, forming a new structure. An unsuccessful retest of the 1.3659 support zone will...

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Fundamental Analysis Weak S&P Global Business PMI data cast doubt on US economic developments amid growing expectations that the Fed could keep interest rates 'higher for longer' US Q1 GDP forecast will be announced on Thursday, expected to decrease to only 2.5%, this will weaken the US dollar and create conditions for gold to grow. Technical Analysis On...

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Fundamental Crude oil prices fell sharply after regional tensions eased. With crude oil export output to the US, falling oil prices will cause CAD to weaken Technically, USDCAD has headed towards the 1.3569 support zone, the strengthening of the USD is starting to make an impact, the USDCAD trend may reverse.

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After the Halving happen on 19-4-2024, Bitcoin making a recover from the 60000 level. However, Price history showing the shorterm effect of the Halving making price drop in the first 30 day www.proshares.com Technical 50% retracement level from the swing from 25000 to 70000 is at 50.000 . This level combine with the 200day moving average on Daily...

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Fundamental Gold make a big drop on Monday, due to the cool down of political tension in Gaza and Ukraine. Technical Gold is approaching the 2300 level. This is psychological round number level. Buyer will enter at this level . Below is SMA 200 , lie at the 2250 level. If support level 2300 broken, this level will be test.

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Gold fail to break the 2400 to the top. Indicate a lack of interest of buyer. Second reason is the heat from Middle East War has cooled down. Making Gold start to correct after a strong increasing.

01:35

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GBPUSD break through the support. Price continue its downward trend.

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BoJ policy will be announced this Friday, expected to create strong fluctuations in financial markets. Market Sideway at 153.8 to 154.8 , Price make a Spring to the downside, Upthurust to the upside will confirm a Redistribution phrase.