As the Federal Reserve weighs its next move in an economy showing both strength and stubborn inflation, Chicago Fed President Austan Goolsbee has signaled renewed caution on rate cuts. Goolsbee said he remains undecided about backing another rate reduction in December, citing concerns that inflation remains trending the wrong way. His comments underscore a growing […]
Market Analysis—November 4 NZDUSD remains firmly in a bearish phase, extending its downward momentum. The market has now recorded six consecutive days of lower closes, indicating sustained selling pressure. Bears continue to dominate price action, maintaining firm control over the pair’s short- and medium-term direction. NZDUSD Key Levels Demand Levels: 0.57160, 0.55850, 0.55010 Supply Levels: […]
US30 Analysis – November 4 US30 faces short-term corrective pressure amid weak momentum. The US30 index is beginning to show early signs of fatigue after sustaining a prolonged rally toward the $48,000 region. Momentum indicators, particularly the RSI hovering around 65, point to a gradual slowdown in buying strength, while the 9-day Simple Moving Average, […]
Market Analysis – November 3 GBPUSD exhibits sustained downward momentum amid structural weakness signs. The overall technical outlook for GBPUSD indicates a clear bearish trajectory as price action continues to trade below the 9-day Simple Moving Average (SMA), which now serves as dynamic resistance around $1.32730. The recent MACD histogram crossover shows increasing downside momentum, […]
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: Bullish The EUR/JPY exchange rate has twice reached its peak, but dips below the 178.00 level barrier. On October 9, buyers drove the price to a high of $177.93, but the Yen declined and found support above […]
Sellers are exerting more pressure ADA Price Analysis – 04 November If Cardano can maintain the price above the $0.54 hedge, they can try testing the resistance potential of $0.59 and $0.62. The $0.48 and $0.46 support options will be considered if the $0.51 hedge is translated. Key Levels: Resistance levels: $0.54, $0.59, $0.62 Support […]
The Canadian Dollar (CAD) continued to lose ground on Friday as widening yield spreads between the United States and Canada weighed on the currency. Despite upbeat global sentiment, the CAD struggled to find direction, according to Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret. Canadian Dollar Under Pressure Ahead of Macklem’s Speech The Canadian […]
NAS100 Analysis – November 2 NAS100 sustains its upward trajectory backed by persistent buyer momentum. The NAS100 index continues to exhibit a strong bullish outlook, maintaining a well-defined upward formation supported by the 9-day Simple Moving Average (SMA), currently positioned around $25,620. Price movement remains comfortably above this dynamic support zone, reflecting strong investor confidence […]
Market Analysis – October 31 USOil extends its downside trajectory amid eroding buyer conviction. The commodity maintains its prevailing bearish outlook, showing a gradual decline in momentum across both short- and medium-term structures. The 9-day Simple Moving Average (SMA), fluctuating around $60.280, currently acts as a dynamic resistance level, suppressing any meaningful upward retracement. Meanwhile, […]
