News

Crude Rallying This Week Crude futures are trading around 7% higher on the week currently. The market has reacted sharply to news that Israel has rejected Hamas’ ceasefire offer with crude jumping around 3.6% yesterday. News of the ceasefire being rejected was accompanied by a heavy bombing onslaught on the city of Rafah. Traders are […]

TitleEURGBP H4 | Bullish breakout TypeBullish Breakout Preference:EURGBP is rising to the pivot at 0.85452, the overlap resistance that coincides closely with the 61.8% Fibonacci retracement. Price could break this level and rise to 1st resistance at 0.85703, the overlap Alternative scenario: The price might reverse and fall to 1st support at 0.85171, the pullback […]

Hawkish ECB Commentary EUR bulls received a bit of a boost this week with ECB’s Holzmann telling reporters today that rate cuts are not guaranteed. Holzmann, who is among the more hawkish of the ECB, warned that due to remaining inflationary risks there is a chance that rates remain on hold this year. Traders have […]

BTC Pushing Higher Bitcoin prices are looking much more constructive this week. Following a period of stagnation last week, the leading crypto coin has been on the march north this week and is now close to retesting the current YTD highs around 49360. Indeed, following a sharp correction lower from those current highs, BTC futures […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has formed a consolidation range around 1.0766, completing a growth structure to 1.0782 with an escape upwards from the level. A technical return to 1.0766 is expected today (a test from above). Next, another correction link to 1.0791 might form. Once this correction is over, a decline […]

Brent Brent quotes have broken the 200-day Moving Average on H4 and are currently above it, which indicates the probability of an uptrend development. However, the RSI has reached the overbought area. As a result, in this situation, a rebound from 4/8 (81.25) is expected, followed by a price decline to the support at 3/8 […]