Latest Market News

Dovish BOJ View The Japanese Yen has fallen lower into the end of the week helped by a solid drop in Tokyo CPI last month. Tokyo CPI was seen cooling to 3.3% from the prior month’s multi-decade highs of 4.3%. On the back of incoming BOJ governor Ueda recently affirming that the BOJ will not […]

AM Shares Rallying Chipmaker Applied Materials has been one of the key stocks to benefit from the surge in demand for AI this year. The company recently posted bumper Q4 earnings with both EPS and revenues coming in above target and cited the growth in demand from companies looking to scale up their AI business […]

Title BCOUSD potential rally – but watch out for the intermediate resistance! Type Bullish Rally Preference We’re seeing a long-term ascending support line and a descending resistance line squeeze prices together. There is a pivot support at 83.9 which is pushing prices up against the descending resistance line. If prices were to break that descending […]

TitleUSDJPY, H4 | Key levels to watch out for TypeNeutral Preference:We’re seeing price rise nicely within our ascending wedge with the first intermediate resistance at 136.77 which is a 38.2% Fibonacci retracement. If it breaks this level, then the 1st resistance is at 137.74 which is a strong overlap resistance. In terms of support, we […]

XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the correction might be 1855.00. Upon testing the resistance level, the price may push off it and continue the downtrend. However, the quotes might […]

EURUSD grew quite a bit overnight. The current quote is 1.0650. The USD got a hard blow from the production statistics from February. The ISM PMI grew from 47.4 points to 47.7 points instead of 48.0 points. The index remains under the psychologically important level of 50.0 points marking the reversal from growth to falling. […]