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Falling Dollar Supports Gold Gold prices were seen rallying more than 1% yesterday as softer-than-forecast US data weighed on the Dollar. US Consumer Confidence was seen falling to 106.1 from 114 prior, below the 116 the market was looking for. Additionally, the JOLTS job openings number was seen falling to 8.81 million, down from 9.17 […]
The BTC exchange rate climbed to 27,434 USD on Wednesday. The daily gain was 5.26%. The cryptocurrency’s value started appreciating last night after the market heard about Grayscale’s victory in court. The judicial authorities ruled in favour of Grayscale in the company’s case against the US Securities and Exchange Commission (SEC). The lawsuit was filed […]
The British pound paired with the US dollar is consolidating after recently experiencing weakness. The current GBPUSD exchange rate stands at 1.2630. First, the US dollar’s pressure on the pound has eased., allowing the GBP to restore some positions. Second, inflation data has shown that the Bank of England might not need to raise the […]
TitleSPX500USD H4 | Bearish reversal off pivot? TypeBearish Reversal Preference:Price has broken previous highs, creating several break of structures. This could mean that price could potentially head towards our pivot point at 4541.8. We can expect a bearish reversal from our pivot point, which is an overlap resistance, 78.6% fibo retracement and 161.8% fibo extension. […]
TitleEURUSD H4 | Bearish continuation Expected? TypeBullish Bounce Preference: Price has just fallen from our pivot point of 1.08376 which is an overlap resistance level. A reverse from here, price can fall to 1st support at 1.07763 Alternative scenario: However, if price breaks above the pivot, it could rise to 1st resistance at 1.09014 which […]
EURUSD, “Euro vs US Dollar” EURUSD got supported at the level of 1.0783 and performed a link of growth to 1.0836. At a certain point, the market formed a consolidation range around this level. Exiting the range upwards, the market continued the corrective wave to 1.8900. Today it is forming a link of decline to […]