The U.S. dollar embarked on a vigorous ascent on Friday, buoyed by a surprising surge in inflation data, which has ignited expectations of the Federal Reserve keeping interest rates at higher levels for an extended duration. The dollar index, measuring the greenback against six major currencies, notched a 0.15% gain, pushing it to 106.73. This […]
In a bold move to stem the Russian ruble’s free fall, President Vladimir Putin has issued a directive compelling select exporters to trade their foreign currency earnings for the domestic currency. The ruble, which had hit a historic low due to Western sanctions and rising inflation, witnessed a remarkable uptick of over 3% on Thursday, […]
Market Analysis- October 12 Gold (XAUUSD) seeks to extend bullish momentum. Gold is making a notable resurgence, with the buyers having secured multiple victories and remaining in the driver’s seat. Their relentless push suggests they are in no mood to hit the brakes, and the market’s liquidity remains in their favor. Gold (XAUUSD) Key Levels […]
Market Analysis- October 12 FTSE100 bulls maintain control with eyes on the 7441.00 resistance level. The index is witnessing an enduring bullish momentum that shows no signs of relenting. The buyers are investing with gusto in their pursuit of conquering the formidable 7741.00 market level. It has proven to be a tough nut to crack […]
EURCHF Market Analysis – October 12 EURCHF price continues to plummet after a swing high was established in mid-June 2022. The price has been following a bearish trend line, indicating a downward trajectory. EURCHF Key Levels Demand Levels: 0.95200, 0.94000, 0.93200 Supply Levels: 0.96800, 0.98400, 1.00600 EURCHF Long-Term Trend: Bearish Following the creation of a […]
Market Analysis – October 12 AUDJPY experiences a bullish reversal with a prominent rejection at the previous low. A bullish shift in market structure set the stage for a price rise. Following the reversal, there was a sustained period of bullish momentum. Shortly after, a decline was observed. AUDJPY Key Levels Demand Levels: 93.200, 90.200, […]
In a notable market development, the US dollar has seen a weakening trend today. This decline is attributed to the recently released data on US inflation for the month of September, which revealed a slight moderation. Consequently, market expectations for further interest rate hikes by the Federal Reserve have eased. According to the latest Producer […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: RangingThe EUR/JPY pair is lagging as it faces rejection at level 158.32. The preceding upswing came to an end on August 31. This suggests a resumption of the sideways trend. The value of the Yen is rising today as the […]
Market Analysis – October 11 US 30 bulls maintain control above the 33481.460 key level. The Dow Jones is displaying resilience this week as bullish momentum remains dominant above the 33481.460 key level. This sustained bullish phase appears poised to gather further momentum, potentially capturing more significant levels soon. Throughout the previous month, the US 30 […]
