Brent oil opened with a gap lower on Monday and fell to the lowest in over three months, deflated by fresh wave of optimism about the end of US/Iran war. Two sides announced that they Read more…
SpaceX’s success and geopolitics are driving the S&P 500 higher. Investors are hoping for future Fed rate cuts. Rumours of an imminent end to the conflict in the Middle East, SpaceX’s successes, positive news from Read more…
Intraday bias in EUR/USD stays neutral at this point. Risk will stay on the downside as long as 1.1685 resistance holds. Break of 1.1499 will resume the fall from 1.1848 towards 1.1408 support. However, firm Read more…
Intraday bias in USD/JPY remains neutral first. On the downside, break of 159.54 will extend the fall from 160.58 short term top to 38.2% retracement of 155.01 to 160.58 at 158.45. However, decisive break of Read more…
Range trading continues in GBP/USD and intraday bias remains neutral. Risk will stay mildly on the downside as long as 1.3508 resistance holds. Firm break of 1.3300 will resume the decline from 1.3657 to 1.3158 Read more…
USD/CHF’s retreat from 0.8012 extends lower today, but downside is supported above 0.7906 resistance turned support. Intraday bias remains neutral and further rise is expected. Above 0.8012 will bring retest 0f 0.8041 high. Firm break Read more…
For most of the past three years, the AI investment story has been simple. Build the biggest model, train it on the most data, and the market rewards you. On June 14, Microsoft CEO Satya Read more…
AUD/USD’s break of 0.7076 support turned resistance argues that fall from 0.7277 might have completed as as three wave correction at 0.6977. Intraday bias is back on the upside for 0.7200 resistance. On the downside, Read more…
Intraday bias in USD/CAD is turned neutral first with current retreat. Further rise is expected as long as 1.3897 support holds. On the upside, sustained break of 38.2% retracement of 1.4791 to 1.3480 at 1.3981. Read more…
GBP/JPY is still bounded in range of 212.90/215.59 at this point, and intraday bias remains neutral. On the upside, above 215.59 will resume the rise from 210.43 to retest 216.58 high. On the downside, break Read more…