The euro dropped to a two-month low on Friday amid rising doubts about the European Central Bank’s (ECB) ability to raise interest rates in the near future. The ECB is facing growing pressure from slowing growth and rising inflation in the eurozone, which could force it to pause or even reverse its monetary tightening cycle. […]
Market Analysis – August 24 AUDJPY experienced a significant development in April when the sellers’ momentum was deemed exhausted, as indicated by the MACD (Moving Average Convergence and Divergence) indicator. This shift in market dynamics led to a change in the direction of the market, evident from April onwards, marked by a series of higher […]
Market Analysis – August 25 The EURCHF currency pair is currently undergoing a phase of consolidation, marking a notable shift in market dynamics after an extended period of downward movement. EURCHF Key Levels: Demand Levels: 0.9550, 0.9370, 0.9300 Supply Levels: 0.9650, 0.9730, 0.9840 Long-Term Trend for EURCHF: Bearish A meticulous examination of the daily chart […]
In a move that has taken both experts and markets by surprise, Turkey’s central bank has announced a substantial increase in its key interest rate, raising it by an impressive 7.5% to reach the new level of 25%. This unexpected decision has led to a remarkable resurgence of the Turkish lira, signaling a renewed commitment […]
Market Analysis: August 23rd FTSE 100 sees sellers step out as buyers approach. The price is witnessing sellers step out of the race. This, therefore, is allowing buyers to make their way back into the market. The Bulls are showcasing their strength as they aim to reenter the game. Technically, the key level of 7226.10 […]
Market Analysis – August 22 US 30 faces downward pressure, and buyers are struggling to maintain their strength against it. Sellers have made their presence felt, leading to a breakdown below the key zone at 35001.80 last week. The bearish action was confirmed by the Moving Average crossover of the 9-day and 21-day periods. The […]
The Indian rupee showcased its most remarkable single-day surge in over two months today, confounding market observers and eliciting a wave of interest. The driving forces behind this surge are attributed to a substantial influx of dollars into the equity markets and strategic sales of the greenback orchestrated by state-run banks. Indian Rupee Jumps to […]
Market Analysis – August 21 GBPUSD requires additional buying force to advance. Buyers’ pressure from last week has diminished, as the bulls have lost momentum to drive the price higher. This decline could be interpreted as a sign of exhaustion or a potential reversal in market sentiment. The bears have maintained their hold for an […]
Market Analysis – August 21 Nasdaq 100 buyers show resilience at the 14541.30 key level. The buyers are demonstrating resilience at the 14541.30 market level after a prolonged bearish period. This week, the market opened with a bullish candlestick, indicating the potential for a shift in momentum. The buyers are aiming to regain control of […]
