The GBP/AUD market has seen a strong upward rebound through a key technical level. This occurred after the Bank of England’s (BoE) interest rate decision was announced as expected, failing to surprise investors. Meanwhile, the balance of trade came in higher than anticipated but did not weigh down the pound. Key Levels Resistance: 2.100, 2.150, […]
President Trump is poised to make a critical appointment to the Federal Reserve Board following Governor Adriana Kugler’s unexpected resignation. This development accelerates an opportunity for the administration to shape monetary policy, as Kugler’s term wasn’t set to expire until January 2026. Former Cleveland Fed President Loretta Mester notes this appointment carries particular significance because […]
President Trump is poised to make a critical appointment to the Federal Reserve Board following Governor Adriana Kugler’s unexpected resignation. This development accelerates an opportunity for the administration to shape monetary policy, as Kugler’s term wasn’t set to expire until January 2026. Former Cleveland Fed President Loretta Mester notes this appointment carries particular significance because […]
Market Analysis – August 5 NZDUSD encountered a major roadblock at the 0.61060 level. Unfortunately, buyers had already lost the significant momentum that was initially used to drive the bullish reversal. Although there was an effort to sustain the bullish direction, buyers have struggled to maintain upward pressure, and the emergence of a Head and […]
Market Analysis – August 5 EURCHF has remained confined within a well-defined range between the price levels of 0.94220 and 0.92940 since late April. This prolonged sideways movement has led to the formation of a clear consolidation zone. Recently, the price pushed convincingly below the lower boundary of the range, suggesting a possible bearish breakout, […]
The Japanese Yen (JPY) remains under pressure in early Tuesday trading, even as the US Dollar (USD) attempts a modest rebound. The USD/JPY pair is holding above the 147.00 level heading into the European session, reflecting a cautious tone among traders. Despite some risk-on sentiment in the markets, the JPY’s safe-haven appeal is muted amid […]
EUR/JPY Significant Levels Resistance Levels: 172.00, 174.00, and 176.00Support Levels: 164.00, 162.00, and 160.00 EUR/JPY Price Long-term Trend: Bearish The EUR/JPY pair rises to a high of 173.90 but falls below the level of 170.00. Buyers were unable to sustain the trend above the 174.00 level, reversing the positive momentum. The bears pulled the pair […]
NAS100 Analysis – August 3 NAS100 faces rejection as momentum weakens near key resistance. The NAS100 index has entered a corrective phase following an extended bullish rally, with recent price action sharply deviating from its upward trend. The daily candle closed decisively below the 9-day Simple Moving Average (SMA) at $23,240, a crucial short-term support […]
Market Analysis – August 1 USOil is strongly rebounding from bullish order block support, with the market showing signs of renewed bullish momentum after a corrective pullback. The 9-day Simple Moving Average (SMA), positioned at $67.20, serves as dynamic support and aligns closely with the current price action, suggesting a potential reversal from the ongoing […]
