Crude oil prices rose on Thursday after President Trump announced a major trade agreement with the UK. It sparked a reduction in tariff tensions. The Brent crude oil surged to $61.40, while WTI rose to $58.00, primarily due to trade talk optimism. Despite the brief recovery, oil prices stay under pressure, licking wounds of steep Read More…
Gold fell over 1% on Wednesday after reports of a likely meeting between China and the US on Saturday. The talks have raised hopes that the two countries will finally reach an agreement to end the trade war. Meanwhile, market participants are preparing for the outcome of the FOMC policy meeting. Gold (Source: Bloomberg) Gold Read More…
Equities ended lower on Monday, after Trump announced another tariff on films produced outside the US. The drop paused the recent rally on hopes of easing global trade tensions. However, upbeat US business activity data put a floor on further declines. Trump surprised investors when he announced a 100% tariff on movies produced outside the Read More…
Price Snapshot (as of May 6, 2025): Technical Analysis Trend Moving Averages RSI Momentum Key Price Levels Type Level Notes Support $3,110 50-day MA & breakout pivot Support $3,000 Psychological round level Resistance None Blue sky breakout Extension $3,500–3,650 Measured move from breakout flag Why Is Gold So Strong? Drivers Behind Gold’s Outperformance Bear Case? Read More…
Currency futures strengthened against the dollar on Friday but closed well below their daily highs. The move continued at the start of a new week as market participants geared up for the FOMC policy meeting. Last week, the dollar rallied as trade tensions between the US and its partners eased. Trump took big steps to Read More…
Overview: Weekly Chart Technicals: Structure Breakdown RSI Analysis Daily Chart Technicals: Downtrend Intact RSI Key Levels: Type Level Note Resistance $65.00–66.00 Breakdown retest zone (failed) Resistance $70.00 200-day MA + descending trendline Support $55.16 Horizontal support, 2024 low Support $51.46 Measured move + next pivot (S1) Probability Outlook Scenario Probability Trigger Break below $55 → Read More…
Technical Summary Chart Analysis Pattern Development Outlook Scenario Probability Technical Trigger Continued breakout to 6,170+ 60% Clear path if 5,780–5,800 is reclaimed and held Range-bound pullback first 25% Retest of broken resistance ~5,465 zone before resumption False breakout and failure 15% Breakdown back below 5,465–5,400 with volume Bull Case: Bear Case: Final Take This breakout Read More…
Interest futures edged higher on Friday as optimism built about likely trade talks between China and the US. The rebound followed declines in the previous two sessions after downbeat US economic data. Meanwhile, market participants eagerly await the US nonfarm payrolls report for clues on Fed rate cuts. On Friday, China said it was considering Read More…
Oil prices continued falling on Thursday after ending the worst month in over three years. The recent decline came as market participants worried about oversupply as OPEC+ unwinds its output cuts. At the same time, Trump’s tariffs and the subsequent trade wars have dimmed the outlook for oil demand. Oil collapsed on Wednesday after Saudi Read More…
Overview Technical Analysis Price Structure: Macro & Fundamental Drivers Key Economic & Geopolitical Factors Affecting the Dollar Recession Signals Mounting: Federal Reserve Policy Outlook: U.S. Fiscal Policy Risks: Global Central Banks: Risk Sentiment Shift: Comparative Currency View (Short-Term Bias) Currency Current Bias vs USD Rationale EUR Bullish ECB staying firm, EURUSD breakout underway JPY Mixed Read More…
