In a notable shift, the US dollar took a step back from its recent 10-week peak on Tuesday as a renewed wave of global risk appetite prompted a rebound in the financial markets. This recovery comes on the heels of a sharp increase in US government bond yields and growing anxieties about the trajectory of […]
The EUR/USD forex pair, much like a seesaw, continued its downward tilt, wrapping up the week just a hair’s breadth above the ominous 1.0833 mark, a low last seen in July. In a twist of fate, as macroeconomic data took a vacation, all eyes were fixed on China, where the real estate realm was performing […]
Market Analysis – August 18th US Oil (WTI) buyers pick up interest above the 78.780 key area. Another buying tendency is about to erupt at this significant level. The market remains uncertain about the prevailing sentiment due to the previous strength displayed by sellers. Let’s recap how the market set up back in July. Following […]
The Indian rupee concluded the week on a positive note, bolstered by the retreat in U.S. Treasury yields and a slight easing in the dollar’s strength. This respite follows a period of concern earlier in the week when fears of prolonged elevated U.S. interest rates had driven the rupee perilously close to an all-time low. […]
Market Analysis – August 17 Gold (XAUUSD) could slump further due to pressure. The sellers maintain their stronghold and seize the opportunity presented by the buyers’ diminished influence. The initial blow from the sellers hit hard on the yellow metal around the significant level of 2052.590. This causes the buyers’ strength to decline after a […]
Market Analysis – August 18 NZDUSD is currently on a downward trend. The bearish trend’s steep downward slope underscores the substantial influence wielded by sellers. Following the successful bearish breakout, an intriguing development unfolded in the form of a retest of the previously invalidated bullish trendline. Critical levels for NZDUSD Demand Levels: 0.600, 0.580, 0.560 […]
Market Analysis – August 16th FTSE 100 bears stay offensive as they exert more influence. The sellers have been applying aggressive pressure. They have managed to corner the buy traders around the 7715.00 market zone. June proved to be a strong period for the bears in the FTSE 100. However, in July, it was a […]
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Buyers are targeting $0.000196 level SPONGEUSDT Price Analysis – 17 August In case the $0.000136 resistance level fails to hold, the Bulls may propel the Sponge upward after a retreat to break over the $0.000196 level and aim for $0.000330. Sponge may remain in consolidation if the aforementioned level is held. Key Levels: Supply level: […]
In a surprising twist of fate, the Euro (EUR) has showcased its remarkable resilience by orchestrating a robust and noteworthy recovery against the US Dollar (USD). The EUR/USD currency pair, which had faced adversity with a decline to a six-week low of 1.0861 earlier today, has now defied expectations by rebounding above the psychological barrier […]
