The British pound has faced a challenging week, continuing its downward slide against major currencies like the euro and the dollar. The primary cause of this decline is the UK’s cooling inflation, which has caused market participants to temper their expectations of further aggressive rate hikes from the Bank of England (BoE). Against the euro, […]
Market Analysis – July 19 The FTSE 100 price remains solidly bullish, as the market shows no signs of slowing down. In fact, the market appears to be headed for more momentum, as buyers have been quite active since the start of July. This followed a bearish display by the sellers in June, resulting in […]
GBPUSD Analysis – Price Could Fall Back to the 1.30120 Market Zone GBPUSD kicks off with a momentum drop this week following its prolonged bullish purge. The price has been on a bullish streak since the start of June, with buyers pushing the market higher and higher. The buyers’ momentum has been strong, breaking through […]
British Pound enthusiasts had a thrilling ride on Wednesday as market data revealed a pleasant surprise: UK inflation slowing down more than expected in June. This sudden turn of events brought a glimmer of hope for cash-strapped consumers and businesses, offering them respite from the fear of relentless rate rises. According to a Reuters report, […]
The Australian dollar has been on a roller-coaster ride recently, facing pressure from various economic factors. The lingering bearish sentiment appears to remain unabated after the AUD/USD pair resumed its losing ways today. This comes after a bout of depression triggered by the release of Chinese GDP data. Investors were closely watching the situation, and […]
Market Analysis – July 18 AUDJPY has established a new selling trend, as evidenced by five consecutive days of down-close candles. This bearish swing emerged following the test of the resistance level at 97.570 in June, indicating a significant turning point for the market. The Relative Strength Index (RSI) further confirmed the overbought condition present […]
Market Analysis -July 18 NZDUSD is currently undergoing a pullback from the resistance level of 0.6390, following a bullish trend that began after a bearish failure swing in early June. This shift in market structure established a favourable bullish trend, with the price surging out of the oversold region. NZDUSD Key Levels Demand Levels: 0.6180, […]
The US dollar took a nosedive over the week, reaching new multi-month lows against its global counterparts. This dramatic downward spiral, combined with a breach of crucial support levels, signals a prevailing bearish sentiment towards the once-mighty greenback. Investors have reacted strongly to the latest jobs report and Consumer Price Index (CPI) data, with an […]
Key Resistance Levels: 160.00, 162.00, 164.00Key Support Levels: 150.00, 148.00, 146.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY price has retraced above the 153.32 support as it heads toward level 167.00. The currency pair dropped below the moving average lines. In other words, the Yen is higher than the 50-day SMA but lower than the […]
