USD/JPY Could Correct Gains, Gold Takes A Hit
Key Highlights USD/JPY seems to be forming a double top near 145.00. It is testing a major bullish trend line at 142.85 on the 4-hours chart. Gold price declined heavily below the $1,680 support zone. GBP/USD is at a risk...
Ethereum Quiet Within a Triangle Range
Ethereum (ETHUSD) has been in the red so far this week, gradually retreating after almost touching the 1,800 round level. Despite the soft negative mood, the short-term bias has not switched to the bearish side yet, as the second most...
Crude Oil Price Could Gain Bullish Momentum, Gold Consolidates
Key Highlights Crude oil price started a steady increase above the $85 resistance. It broke a major bearish trend line with resistance at $87.50 on the 4-hours chart. Gold price is consolidating losses below the $1,720 resistance zone. EUR/USD could...
Brent is Stressed Again
The commodity market remains extremely volatile. On Monday, a Brent barrel is declining to 91.50 USD and looks unstable. Previously, the market was afraid that Russia will cut down on supply and pushed prices upwards, but risks of stable demand...
USD/CAD Seen in Late Stages of an Ending Diagonal
USDCAD is coming lower, after 75bp increased by BoC, but Rogers noted that the rates will need to be rised further. At the same time, we see USD making a strong reversal across the board while crude oil is trying...
EUR/USD: Recovery Gains Traction But Looks for Further Positive Signals
Recovery picks up on Friday and cracks 1.01 barrier, driven by a hawkish stance from the ECB, following central bank’s decision to raise interest rates by 75 basis points and remaining on track for further tightening, along with weaker dollar,...
Gold Threatens to Fall Down from the Range
The gold price dipped below $1700 on Thursday, approaching the lower boundary of its trading range since May 2020. Gold has been finding buyers after emotional dips towards the lower boundary throughout this period. Perhaps the main reason for the...
EUR/USD: Bears Likely to Resume after Consolidation, US NFP Data Eyed for Fresh Direction Signal
Near-term action remains directionless after larger bears faced strong headwinds at 0.9900 zone, where a temporary base has formed, but rebounds above parity were so far short-lived, keeping sideways mode and waiting for stronger signals. Overall picture remains bearish, suggesting...
GBP/USD: Bears Taking a Breather ahead of Attack at 2020 Low
Cable is consolidating above new multi-month low, posted on Thursday after a brief probe below 1.15 handle, following an uninterrupted bear-run in past five days. The pair is also on track for the third consecutive weekly loss, with risk aversion...
Nasdaq 100 Grinds Critical Support
The Nasdaq 100 falters as the Fed puts price stability as its number one priority. A drop below 13000 has prompted buyers to bail out, exacerbating the selling pressure. The index is hovering above 12000 at the base of a...