WTI crude oil edged higher today and it’s now pressing 95.98 resistance. Any deterioration in geopolitical situation could forcefully push WTI through this resistance to resume the medium term up trend. Next target will be Read more…
Gold’s rally resumes today and hits as high as 1913.79 so far, breaking 1900 handle. It’s now eyeing 1916.30 resistance. Break there will extend current rise from 1682.60 to 100% projection of 1682.60 to 1877.05 Read more…
DXY: On the H4, prices are at a pivot and recent swing high. We see potential for a short pullback from our 1st resistance at 96.157 in line with 100% Fibonacci extension towards our 1st Read more…
With an invasion of Ukraine seemingly underway, the Russian rouble is arguably Russia’s first casualty. There is no shortage of Russia-related headlines at present, and they show no immediate signs of stopping. Over the past Read more…
Key Highlights GBP/USD is holding gains above the 1.3550 support. A crucial bullish trend line is forming with support near 1.3580 on the 4-hours chart. EUR/USD must clear 1.1400 to start a fresh increase. The Read more…
Since the last meeting in November, developments in the labour market and inflation have surprised to the upside. Inflation at 5.9% is almost twice the top of the RBNZ’s 1-3% target band and is yet Read more…
Economists widely expect the Reserve Bank of New Zealand (RBNZ) to hike its overnight cash rate by 25 bps for a third consecutive time on Wednesday. Whether or not the central bank’s decision holds any Read more…
After breaking its 3-month-old bearish trend line at the start of this month, there was optimism that Bitcoin had bottomed out. But that optimism quickly faded as the largest digital coin and other cryptos couldn’t Read more…
Brent reversed from support area Likely to rise to resistance level 95.25 Brent crude oil recently reversed up from the combined support area located between the round support level 90.00 (former resistance from the end Read more…
EURCHF broke support area Likely to fall to support level 1.0320. EURCHF currency pair recently broke the support area located between the key support level 1.0430 (former top of wave A from the end of Read more…