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Breakdown in Play after Confluence Resistance Rejection
CRUDE OIL PRICES OUTLOOK:Crude oil prices have lacked directional conviction after failing to break through confluence resistance last weekWTI futures have been swinging back and forth between ~$77.50 and ~$74.00 in recent days, awaiting…
Experiences minor pullback below 156.00, but uptrend remains in play
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EUR/JPY registers losses below the 156.00 area due to mixed market sentiment, but the overall…
Gold Suffers Setback as USD and Yields Blast Off. Will XAU/USD Break Down?
GOLD PRICE FORECAST:Gold prices slide as U.S. yields resume rebound following better-than-expected dataU.S. dollar strength also weigh on precious metalsThis article looks at key XAU/USD’s tech levels to watch in the coming days…
NIO dragged down by lower-than-expected Tesla margins
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Nio shared in the fallout of weak Tesla earnings late Wednesday.
Nio stock is falling behind…
USD/ZAR Rises as SA Reserve Bank (SARB) Pauses After 10 Consecutive Hikes
SARB RATE DECISION, USD/ZAR PRICE FORECAST:
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MOST READ: Dollar Index (DXY) Eyes Deeper Recovery with USD/CHF at 12-Year Lows DThe South…
FX Play of the Day: Potential Double Bottom Reversal For GBP/CHF
Risk aversion has dragged risk assets like GBP lower this week while safe havens like CHF have gained pips.Can the tides turn for GBP/CHF after the U.K.’s retail sales release?
I don’t know if you’ve read Pippo’s June U.K. Retail Sales!--/sse-->!--sse-->…
Next support of note comes at 1.1000
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EUR/USD keeps correcting lower and revisits the 1.1170 zone.
Further south emerges the next…
Our data shows traders are now net-short FTSE 100 for the first time since May 24, 2023 when FTSE…
Number of traders net-short has increased by 56.27% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIFTSE 100BULLISH49.37%50.63%-18.12% Daily-35.66% Weekly23.22% Daily56.27% Weekly-1.37%…
Inflation Relief Boosts Homebuilders as Traders Revise BoE Bets
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Homebuilders respond to better-than-expected UK inflation dataYesterday’s encouraging move lower in core inflation…
USDCHF 20 JULY 2023 – TRADE WITH THE AMAZING COMBO ITALO PIVOTS, ITALO VOLUME AND ITALO TREND…
Hello Traders, we had a trade on USDCHF on H1 time-frame that today 20 July 23 the market already moved +3000 Points! In this trade we looked first at red candles from Italo Trend showing that the market is going to trend and…