Day: January 10, 2024

TitleGBPUSD H4 | Potential bullish breakout TypeBullish Breakout Preference:GBPUSD could rise and break out of the pivot at 1.27616, the pullback resistance, the price could continue to rise to the 1st resistance at 1.28273, the swing-high resistance level. Alternative scenario:The price could pullback from the pivot at 1.27616, and reverse to the 1st support at […]

Dovish ECB View EURJPY remains under pressure today with the market back below the 158.50 level after a failed attempted breakout last week. The pair has been capped by the level since early December as traders continue to grapple with shifting ECB/BOJ views. Expectations that the ECB might cut rates as early as April have […]

On Tuesday, the Australian dollar, paired with the US dollar, maintains a neutral stance, although the market finds this challenging. The current AUDUSD exchange rate stands at 0.6711. January began with stress and setbacks for the AUD, primarily due to inflation statistics in Australia. The CPI slowed, fuelling speculation that the Reserve Bank might soon […]

Bitcoin Rally Continues Bitcoin prices broke out to their highest levels yesterday since early 2022. The driver behind the move is ongoing optimism ahead of the upcoming SEC deadline tomorrow. The SEC is due to decide on a batch of spot-Bitcoin ETF applications which, if approved, will grant mainstream financial institutions access to the crypto […]

Copper Fall Deepens Copper prices are coming under fresh selling pressure on Tuesday as the correction lower continues. The futures market is now down around 5% from last year’s highs as geopolitical concerns, economic worries in China and a stronger US Dollar take their toll.  Often seen as a barometer for global economic health, the […]