Cryptocurrencies
XAU/USD Hits Resistance
Gold clawed back losses as the dollar index bounces higher. A sharp recovery has lifted bullion back to September’s high at 1730 which is an important level on the daily chart. As the RSI soared Read more…
Cryptocurrencies
USD/CAD Consolidates
The Canadian dollar struggles over lacklustre August export data. A bearish RSI divergence showed a slowdown in the upward momentum while a double top at 1.3830 further suggested exhaustion in the current rally. The pair Read more…
Cryptocurrencies
Investors Will Simply Count Down to Tomorrow’s Official Job Report
Markets US data came in strong yesterday. The September ADP job report hit the bar (208k with a 53k upward revision for August). The US non-manufacturing ISM stabilized at a strong 56.7 (vs 56 expected), Read more…
Cryptocurrencies
OPEC Cuts, Oil and USD Up, Equities Down
It has been another volatile and undecided trading session yesterday. OPEC did cut its oil production target by 2 million barrels per day. It was the biggest cut since 2020, it was expected, it saw Read more…
Cryptocurrencies
OPEC+ Production Cuts Hit Global Risk Sentiment
Market movers today Another quiet day on data front. The euro area retail sales for August are expected to reflect a fall in household real income with consensus expecting a 0.4% drop from July. Also, Read more…
Cryptocurrencies
GBP/JPY Daily Outlook
Daily Pivots: (S1) 162.41; (P) 164.06; (R1) 165.51; More… Intraday bias in GBP/JPY is turned neutral with current retreat. While further rise could be seen, strong resistance might be seen from 169.10 high to limit Read more…
Cryptocurrencies
EUR/JPY Daily Outlook
Daily Pivots: (S1) 142.27; (P) 143.18; (R1) 143.92; More…. Intraday bias in EUR/JPY is turned neutral with current retreat. On the upside, firm break of 145.62 resistance will resume larger up trend. However, break of Read more…
Cryptocurrencies
Technical Outlook and Review
USD/JPY: USDJPY is in a bullish trend on the H4 chart. To add to the confluence, the price is also above the ichimoku cloud, indicating that the market is bullish. Price reflected off the first Read more…
Cryptocurrencies
GBP/USD Daily Outlook
Daily Pivots: (S1) 1.1206; (P) 1.1350; (R1) 1.1473; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.1023 minor support will indicate that rebound from 1.0351 is over. Intraday Read more…
Cryptocurrencies
Dollar Soft With Yen and Franc, Sterling Awaits Next Move
Dollar traded with an undertone in Asian session together with Yen and Swiss Franc. The pull back in US stocks overnight turned out to be shallow and brief. Major indexes managed to pare back much Read more…