Introduction 6B is moving higher after a summer consolidation phase, with buyers stepping back in above moving average support. The chart shows a renewal of bullish momentum, and it’s turning more positive as sterling eyes the next resistance zone. Let’s take a deeper look at the technicals and what they are telling us. Technical Update Read More…
Currency futures gained on Monday as the dollar weakened ahead of an expected Fed rate cut this week. At the same time, market participants were looking forward to central bank meetings in Japan, Canada, and the UK. US core CPI (Source: Bureau of Labor Statistics) The greenback fluctuated last week amid mixed economic signals. However, Read More…
Oil prices eased on Thursday amid worries about oil demand and the rising risk of oversupply and a loose market. However, prices rose in the previous session as global tensions increased the risk of supply disruptions. Meanwhile, market participants are paying close attention to US economic data for clues on the outlook for Fed rate Read More…
Introduction Gold futures have extended their breakout since our previous analysis, pushing into new highs and printing $3,715.2 before easing slightly. While momentum remains strong, the overbought RSI and evening star from Tuesday could mean a pause in the rally for the moment. Let’s take a closer look… Technical Analysis Fundamentals Gold’s latest rally is Read More…
Gold prices soared to record highs on Tuesday as geopolitical tensions sent investors scrambling for safety. A slowdown in the US economy fueled expectations of a dovish Fed, adding support to prices. Meanwhile, market participants are eagerly anticipating US consumer inflation prices for more clues on Fed rate cuts. Tuesday was a good day for Read More…
Introduction The U.S. Dollar Index (DXY) has begun flattening after peaking back in January of this year. It appears to have found a floor at least for the moment between 96.5–98.5 after its steep decline earlier this year of 12.5%. While the downside pressure has eased, the index has yet to show signs of a Read More…
