Blogs

<p>Gold prices are bearish for the third consecutive day. This comes after the support area at 1712.47 failed to stall the precious metal from further declines. After losing this technical support, gold prices fell to intraday lows of 1691.22 before pulling back modestly. However, the downside target remains at 1671.95 for the moment. This is

<p>Crude oil prices are down close to 5% on the day following a 24.8% decline from the day before. Price action in WTI continues to remain volatile and erratic. However, prices are now back near the previously held support of 10.58. This marks a potential double bottom technical pattern. With the upper range at 17.80, […]

<p>The pound sterling rose to a 6-day high hitting intraday highs of 1.2518 before giving back those gains. This comes as prices reversed near the upper end of the range at 1.2485. If the bearish momentum continues, we expect GBPUSD to push lower. This will ensure that the pound sterling continues to consolidate within 1.2485 […]

<p>The euro currency is posting modest gains, albeit price action remains firmly entrenched within the corridor of 1.0905 and 1.078 price levels. The rebound comes as price action is lifted by some bullish momentum. This is following the previous declines to the support area. A minor resistance level is forming at 1.0868 level as a […]

<p>Rates: Fed to remain accommodative for a long time The underlying tone of Fed Chair Powell’s press conference should be clear: policy will remain accommodative for a long time with growth crashing and inflation (expectations) sliding. The implication is low yields for longer. In coming weeks/months, the Fed will finetune its forward guidan

<p>Markets await Fed Chair Jerome Powell’s guidance Q1 GDP to officially end US economy’s longest expansion Dollar index falters below psychological 100 level Gold set for biggest monthly increase since June 2016 WTI futures gain over seven percent The Dollar is weaker against all G10 and Asian currencies ahead of today’s Fed rate decision an

<p>The NZD/USD is trying to climb towards D L5 camarilla level. If we see a push to the upside the structure will be completed. 0.6080 zone is where the POC is located. The V shaped reversal is playing out. Bulls are stronger. We can see now moment buyers pushing the price above it. If the […]

<p>The British Pound started a decent increase from the 1.2320 support zone against the US Dollar. The GBP/USD pair broke the 1.2400 resistance area to move into a positive zone. The pair even spiked above the 1.2500 level and settled well above the 50 hourly simple moving average. It traded as high as 1.2518 and […]

<p>Major US stock indices closed slightly lower on Tuesday following a turbulent session, as technology stocks led losses with Nasdaq down by 1.40%. Alphabet, where revenues come mostly from Google ads, announced better-than-expected overall revenue in the first quarter as business was flourishing before Covid-19, and despite the significant

<p>General Trend: WTI Crude Futs rise in Asia Nasdaq FUTs rise after earnings from Alphabet Shanghai Composite rises during morning session, banks trade higher after recent earnings Standard Chartered beats ests Crown Resorts rises over 7% in Australia on stake acquisition by Blackstone Aussie Q1 headline CPI rises to highest level since 2014