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Oil snaps two-day winning streak as sellers attack 200-SMA above $71.00
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WTI crude oil takes offers to renew intraday low during the first loss-making day in three.
Oil…
XAU/USD bears eye Fed Chair Powell’s Testimony, PMIs to retake control
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Gold Price struggles to keep bears on board after snapping two-week uptrend, retreating of late.…
S&P 500, Gold, US Dollar, Powell, BOE, Japan Inflation, RBA Minutes
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The Fundamentals of Trend Trading
Global equity markets rose to a 14-month high while the US dollar fell to a one-month low on hopes that US interest rates are peaking and…
Bearish Bets Increase After Fed’s Hawkish Pause
US Dollar, DXY Index – Outlook:The Fed kept interest rates on hold but projected two additional rate hikes in 2023 and not rate cuts until 2025.However, the market is pricing in one more rate hike this year and rate cuts as soon as next…
EUR/JPY trades in cycle highs following BoJ decision
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EUR/JPY closes a 300-pips winning week, trading in the 155.20 area.
As anticipated, the two-day BOJ…
XAU/USD bears need a break of current daily lows
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Gold bears are licking their lips as p[rice is technically coiled and biased lower.
A break of…
USD/MXN dives to seven-year low, amidst risk-off mood, despite strong USD
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USD/MXN drops to a seven-year low, extending losses for the fourth consecutive week.
Federal…
Bulls run into daily resistance, eyes on key supports
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AUD/USD bears are in the market and eye the 38.2% Fibo.
Daily trendline supports are a focus on the…
Recovers ground but shy of reclaiming 0.9000
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USD/CHF rebounds, trading at 0.8941, showing consolidation around the 0.8900 level.
The pair needs…
Gold (XAU/USD) Bears Fail to Find Acceptance Below 100-Day MA, Where to Next?
GOLD PRICE, CHARTS AND ANALYSIS:GOLD FORECAST: NEUTRAL
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