Market Analysis – September 12 Nasdaq 100 (NAS100) regains buying focus to extend higher. The stock market has recently regained its buying focus after a short decline in its price. The bulls have managed to maintain their course above the 100 SMA (Smooth Moving Average) throughout this year. This, therefore, indicates bullish market sentiment. Nasdaq […]
The Japanese yen experienced a rollercoaster ride in the currency markets following remarks by Bank of Japan (BOJ) Governor Kazuo Ueda. On Monday, the yen surged to a one-week high of 145.89 against the U.S. dollar, but its strength was short-lived, falling to 147.12 per dollar on Tuesday, down 0.38% from the previous close. Ueda’s […]
The U.S. Dollar Index (DXY) continues its impressive ascent, marking an eight-week winning streak with a recent surge past the 105.00 mark, its highest level since March. This remarkable run, not seen since 2014, is propelled by the steadfast rise in U.S. Treasury yields and the Federal Reserve’s resolute stance. The Federal Reserve has embarked […]
Market Analysis – September 8 US Oil (WTI) slows down above the 86.230 market level. The US oil market has been on a bullish trend for the past few months due to the demand for crude oil. The buyers have continued to expand their domain as bullish sentiment increases. The crucial level of 86.230 has […]
In a robust show of resilience, the Canadian dollar, affectionately known as the loonie, surged against the US dollar on Friday, spurred by a trifecta of positive factors: better-than-expected employment figures, unshaken labor market stability, and a buoyant oil market. Statistics Canada revealed that the Canadian economy added a remarkable 39,900 jobs in August, handily […]
Market Analysis – September 6 FTSE 100 experiences struggle at the 7527.50 market level. The crucial level at 7527.50 has been tested four times, but each time the price has bounced back below 7400. This shows that the buyers are not confident enough to push the price higher. It also implies that the sellers are […]
Market Analysis – September 6 AUDJPY prepares for a breakout. The market experienced a strong bullish trend during the early part of June. The slope of the ADX (Average Directional Index) was positive during the period, revealing the stability of the market uptrend. Only a single down-close candle formed until the nineteenth due to the […]
Market Analysis – September 7th Gold (XAUUSD) struggles to regain bullish momentum. The loss of steam by the buyers has allowed sellers to penetrate the market. This potentially pushed the price down to the 1885.370 level. This decline in buyer momentum has significant implications for the market. Gold (XAUUSD) Market Zones Resistance Zones: 2069.480, 2004.400 […]
The U.S. dollar is on a winning streak, hitting a six-month high against a basket of currencies and reaching a 16-year peak against the Chinese yuan. This surge is propelled by robust indicators from the U.S. services sector and labor market, showcasing the resilience of the American economy amid global turbulence. The Dollar Index, gauging […]
