China’s ambitious Belt and Road Initiative (BRI) is propelling the international adoption of the yuan. This massive infrastructure and energy project connecting Asia, Africa, and Europe has spurred a surge in the yuan’s global utilization. In a significant shift, SWIFT data reveals that the yuan’s share of global payments skyrocketed to 3.71% in September, up […]
Market Analysis – October 19 US30 faces resistance at a key psychological levels, and this could lead to a possible shift in momentum. The battle for dominance between buyers and sellers is an ongoing saga. The psychological level of 34056.510 is where this showdown is taking place. US30 Key Levels Resistance Levels: 35699.20, 35021.450 Support […]
The U.S. dollar maintained its position near an 11-month high on Wednesday, despite facing some pressure. China’s resurging economy triggered optimism, propelling Asian currencies and commodities upward. Yet, the greenback stood its ground, bolstered by rising U.S. yields driven by robust retail sales data. This comes as China’s GDP surpassed expectations, surging by 1.3% in […]
Market Analysis – October 18 NZDUSD pair sees a pullback in price, breaking the market structure and signaling a shift in sentiment towards bullishness. As a result, the price started to drop as investors filled in long orders at a discounted price. NZDUSD Key Levels Demand Levels: 0.58900, 0.58150, 0.55650 Supply Levels: 0.62300, 0.64000, 0.65300 […]
The British pound faced a downward spiral against the US dollar and the euro on Tuesday, driven by disheartening labor market statistics signaling a slowdown in the UK economy. This unsettling data casts shadows on the likelihood of the Bank of England (BoE) opting for interest rate hikes anytime soon. Official reports unveiled a concerning […]
Market Analysis – October 17 Nasdaq (NAS100) bears look to sustain their attack following a reversal. The NAS100 market is currently witnessing a resurgence in bearish strength. This tells us that the upcoming sessions could favor further sell-side movements. The recent trade that led to the market reaching the 15332.90 significant level served as a […]
Market Analysis – October 16 GBPUSD bears eager for further decline. The market is witnessing a resurgence of bearish momentum. It looks like the bearish force is ready to dominate once again. The bulls have recently yielded to the mounting sell-side pressure. This developing sentiment may lead to a more substantial decline towards the 1.20320 […]
Market Analysis – October 14 USOil (WTI) price shows signs of resurgence as buyers take control. The US oil market has witnessed a notable shift in momentum as buyers stage a late-week rally. Just a few weeks ago, it was the bears who seemed to hold sway over the oil market. Expectations were running […]
Market Analysis – October 13 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade turns bullish as whales utilize the rich liquidity region. The major low established in early August 2022 was exploited to foster an uptrend. Since then, the price has been steadily rising. […]
