In the latest report by the Bureau of Economic Analysis, the US GDP (gross domestic product) for the first quarter of 2023 showed a modest increase of 2.0 percent, outpacing the previous quarter’s growth rate of 2.6 percent. The revised estimate, based on more comprehensive and reliable data, exceeded earlier expectations of a mere 1.3 […]
Gold Analysis – Sellers Approach the 1902.540 Key Level Gold buyers seek upside amid a tendency. The XAUUSD buyers have been fighting an uphill battle lately, with the Gold price dropping as a result of sellers pulling out of the market. The Bears have been attacking the 1902.540 significant level, causing the buyers to be […]
In recent weeks, the Japanese Yen has experienced a rapid decline against its G10 counterparts as other central banks reinforce their hawkish stance. This simultaneous occurrence of events, coupled with supportive comments regarding the Bank of Japan’s unconventional monetary policy, has created an unfavorable situation for the Yen. Currency diplomat Masato Kanda has expressed concerns […]
Nasdaq Analysis – Buyers Struggle for a Breakthrough NAS 100 remains trapped below the 15175.30 key zones as buyers struggle for dominance. The bulls have been on an impressive run since the start of the year, breaking through and retesting several order levels along the way. The bulls made a significant move when they were […]
The GBP/JPY pair skyrocketed on Tuesday, reaching its highest level since December 2015, as the British pound (GBP) continued to appreciate against the Japanese yen (JPY). Multiple factors contributed to the GBP’s impressive performance, including the anticipation surrounding key speeches by influential figures such as Governor Andrew Bailey of the Bank of England (BoE), Governor […]
More buyers are entering the market SPONGEUSDT Price Analysis –27 June After breaking above the $0.000224 resistance level, Sponge will increase to the $0.000322 and $0.00042 barrier levels as the bullish trend gains momentum. More people are purchasing the coin as a result of its slide from its previous support level of $0.00024. SPONGEUSDT Market […]
Market Analysis – June 27 The EURCHF currency pair has experienced a rise in price, driven by bullish price action observed on the lower time frame (4-hour chart), which has formed within a bullish channel. This upward movement has led to the upper boundary of the bearish channel on the 24-hour chart, indicating a potential […]
Market Analysis – June 27 AUDJPY is revealing signs of a major correction phase in the market. Since the breakout above 91.590, the price took off for the major high of 98.390 formed last year September. As most of the range has been covered by the bullish run, the Bulls reveal exhaustion signs. AUDJPY Key […]
Market Analysis: June 26 NZDUSD shows signs of resuming its bearish institutional order flow. After trading within a range since March, a bullish breakout in May pushed the price toward a resistance trendline. However, the test of the downward-sloping trendline has resulted in a resumption of the downtrend, as indicated by the Stochastic Oscillator signaling […]
