In a surprising turn of events, the U.S. dollar skyrocketed to its highest point in over half a year, hitting a robust 105.68 on the dollar index. This dramatic surge came in the wake of the U.S. Federal Reserve’s announcement that it plans to maintain its tight monetary policy even with no changes to interest […]
In anticipation of the Federal Reserve’s policy meeting outcome, the dollar remained relatively stable on Wednesday. Meanwhile, the pound faced a notable setback, plunging to its lowest point in four months due to an unexpected deceleration in UK inflation. The Federal Reserve is widely anticipated to maintain its current interest rates, resting between 5.25% and […]
Market Analysis – September 19 US 30 sell traders gain momentum in the bearish market. Dow Jones is showing clear signs of a bearish trend as it enters the new trading week. Buyers have relinquished their positions, exiting at the crucial 35024.80 market level. This is despite buyers’ repeated attempts to surpass the 35024.80 key […]
The euro has gained some ground against the dollar and other major currencies after a Reuters report revealed that the European Central Bank (ECB) may soon start discussing how to reduce the huge amount of excess cash in the banking system. Citing insights from six reliable sources, the report forecasts that deliberations concerning the multi-trillion-euro […]
Market Analysis – September 19 Nasdaq 100 (NAS100) seeks clarity amidst stagnation. The Nasdaq 100 index finds itself in a state of stagnation, lacking vigor. The price action has remained indecisive for a considerable period. Nasdaq 100 (NAS100) Key Zones Resistance Levels: 15657.20, 14696.30 Support Levels: 14191.00, 12820.00 Nasdaq 100 (NAS100) Long-Term Trend: Bullish The […]
Market Analysis – September 19 GBPUSD bearish trend continues as the market has been under its influence persistently since July. The bearish momentum in the GBPUSD market became evident in early July. Buyers abandoned their positions, leading to a reversal at the crucial 1.31400 key level. Subsequently, the bears expanded their dominance by breaching the […]
Market Analysis – September 19 NZDUSD bearish sentiment has continued to persist recently. NZDUSD price has experienced a significant decline, breaking below the initial support level at 0.60300. It is crucial to monitor the Order Block zone next to see a continuation of the positive trend. NZDUSD Key Levels Demand Levels: 0.60000, 0.550000, 0.52000Supply Levels: […]
Market analysis – September 18 NZDUSD price retests the 0.6000 key level. NZDUSD has experienced a significant decline, with new lower lows being reached. This is while holding onto its highs of before. The dive in price began in March 2021. In late October 2022, around the 0.55000 mark, this substantial fall came to a […]
Market Analysis – September 18 EURCHF price movement potential impact might be a bullish trend. EURCHF price has experienced a significant decline after breaking its previous structure. This downward movement started in early June 2022 and continued until late September 2022. Following this final leg, the price began a notable pullback that persisted throughout April. […]
