News
Gold Correction Continues Gold prices are looking vulnerable this week amidst a bout of fresh USD strength ahead of the FOMC later today. Yesterday’s November CPI reading showed that inflation slowed to 3.1% annually from 3.2%, in line with expectations. While still headed in the right direction, the deflationary momentum we’ve seen across recent months […]
Daily Trade Setups #MSFT #AMZN #DXY To access today’s real-time actionable analysis Microsoft https://youtu.be/pDdBEtjaEXE?si=dYPMyylOFea7N2vZ Amazon https://youtu.be/OFe7PeeOQAM?si=qmMRzsXWogGbP9kP Dollar Index https://youtu.be/MDSBqEWdfTI?si=vvvcm_KoiX_HK–w Source: Tickmill
Record Breaking Deal Crude oil prices remain under pressure through the middle of the week amidst news of the COP 28 climate deal. The almost 200 nations represented at the COP28 summit agreed on a record deal to transition away from fossil fuels in a bid to help tackle the increasingly worrying effects of climate […]
The foreign exchange market is churning today, with several key currencies experiencing volatility as investors digest the latest economic data and anticipate upcoming central bank decisions. Gold, the safe-haven asset, is feeling the heat after the release of US inflation figures, which reinforced expectations that the Federal Reserve won’t rush with the much anticipated dovish […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 5/8 (146.09) level is expected, followed by a decline to the support at 3/8 (142.18). The […]
The primary currency pair maintains equilibrium on Wednesday. The current EURUSD exchange rate stands at 1.0788. The US Federal Reserve’s two-day meeting will end today. Let us just wait for the facts, considering all predictions have already been made. Yesterday’s released US inflation statistics gave reasons for reflection. The consumer price index rose by 0.1% […]