The U.S. dollar has shown its mettle once again, staging a remarkable recovery from a recent one-week low on Monday. This resurgence follows a nuanced U.S. jobs report that graced headlines on Friday, deftly redirecting market attention toward the imminent release of inflation data from the globe’s two largest economies. The euro, on the other […]
Market Analysis – August 4th US Oil (WTI) buyers aim for a breakout above the 83.440 key zone. The buyers are focused on achieving a breakout above the significant zone at 83.440. Their determination to push for a breakthrough remains strong. While there has been progress in price, an additional effort is required to surpass […]
Market Analysis – Augustus 3rd Gold (XAUUSD) faces a potential decline below the 1938.000 market strength as bullish momentum weakens. The yellow metal had been on a bullish trajectory after a period of bearish sentiment from March to July. During this time, the market dropped from the key level of 2051.270 to the price zone […]
The Australian Dollar (AUD) embarked on a rollercoaster ride last week, exhibiting a turbulent pattern of trading before eventually succumbing to a two-month low. The catalyst for this dramatic descent was none other than Fitch Ratings, whose decision to downgrade the United States’ sovereign credit rating from AAA to AA+ sent shockwaves throughout the global […]
Sponge is heading in the direction of the $0.000136 level SPONGEUSDT Price Analysis – 04 August SPONGE may be able to attack the $0.000196 and $0.000330 levels if the Bulls keep up their push and manage to break through the $0.000136 resistance level. Key Levels: Supply level: $0.000136, $0.000196, $0.000330 Demand level: $0.000093, $0.000006, $0.000004 […]
In a compelling turn of events, the South African rand showcased remarkable resilience against the US dollar during Friday’s trading session. The currency’s resurgence was notably propelled by a decline in the greenback’s value, which was spurred by a batch of encouraging employment data. As of the time of this report, the rand boldly stood […]
Currency analysts are painting a promising picture for the Canadian dollar (CAD) as central banks worldwide, including the influential Federal Reserve, edge closer to the conclusion of their interest rate hike campaigns. This optimism has been revealed in a recent Reuters poll, where nearly 40 experts have expressed their bullish forecasts, projecting the loonie to […]
Market Analysis – August 2nd The FTSE 100 continues to decline as bears take control, breaking below the 7640.00 market level. After a period of bullish favor, the market saw a significant boost from the 7248.10 level in June. The buyers managed to gain momentum, pushing the price higher to a significant level of $7640.00. […]
In a surprising turn of events, the U.S. dollar displayed remarkable resilience in the face of Fitch’s recent credit rating downgrade from AAA to AA+. Despite the move drawing an angry response from the White House and catching investors off-guard, the dollar barely budged on Wednesday, indicating its enduring strength and prominence in the global […]
