The U.S. dollar grappled with uncertainties on Tuesday following the release of data revealing a more significant slowdown in November’s inflation than anticipated. This development has heightened expectations that the Federal Reserve may consider lowering interest rates in 2024, aligning with its recent dovish stance. The yen, in contrast, maintained its position near a five-month […]
Bulls’ momentum increases further S&P 500 Price Analysis – 26 December The buyers stayed onto the recently established support level, and when the price trend breaks over $4606 and $4723, the S&P 500 hits all-time highs. The S&P 500 can go quickly into the resistance levels of $4813, $4900, and $5000 if the $4723 level […]
NZDUSD Analysis – December 26 NZDUSD sets for a short-term retracement as the market becomes overbought. The general market trend maintains a bullish stance, even in light of the extended overbought signal suggested by the Stochastic Oscillator. Evidently, NZDUSD is approaching the prior peak of $0.64100. Nevertheless, a brief pullback is anticipated as the price […]
Market Analysis – December 26 The AUDJPY market turns bearish as the market ends its bullish trend at 98.600. The market was moving bullishly up until recently. After the price struck the 86.100 support level in March 2023, the bullish swings started from the discount zone. The current downturn started at the end of the […]
Market Analysis – December 25th Nasdaq (NAS100) buyers are eyeing bullish opportunities as the year ends. The buyers in the Nasdaq market may be setting in motion a longer course as we approach the end of the year. This presents a potential opportunity for bullish growth to solidify. Last week, the sellers gained some attention […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: BearishThe EUR/JPY currency pair has dropped considerably as it retests its prior low at 156.00. On December 19, the currency pair corrected higher but was rebuffed at the 21-day simple moving average. The pair is currently retracing to the downside. […]
Market Analysis – December 25th GBPUSD price stays still in equilibrium amidst the festive period. The GBPUSD currency pair is currently experiencing a period of uncertainty and a lack of decisive movement. Buyers have been unable to attract significant attention and change the narrative. Despite attempting to breach the significant level at 1.26140, they have […]
Market Analysis – December 21st USOil (WTI) sellers gain momentum as buyers lose strength. The Oil price appears to be making a slight turn, with a decrease in liquidity. There also appears to be a diminishing bullish momentum that has been building up over the past few weeks. The breakdown in USOil suggests that sellers […]
The Swiss franc has achieved its highest standing against the dollar since January 2015, echoing a broader trend of dollar depreciation. The surge, witnessed on Friday, saw the Swiss franc rise by 0.5% to 0.8513 francs per dollar, surpassing the previous low recorded in July this year. This rally is part of a larger narrative […]
