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Markets Euro weakness remains name of the game in the wake of French President Macron’s snap election call as his coalition got whacked in EU elections. ECB comments played a role as well. EUR/USD set a new sell-off low around 1.0730 from starting levels near 1.0775. Macron’s proposal to join forces on the center(-left/right) aisle […]

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17/09/2024

Gold (XAUUSD) Holds Near Record Highs Amid Anticipation of Fed Rate Cut

Gold prices remained stable at around $2580 per troy ounce on Tuesday, hovering close to their record highs. This resilience in the gold market is largely driven by the weakening US dollar and heightened expectations for a substantial interest rate cut by the Federal Reserve. Current projections from the CME FedWatch tool indicate a 67% […]
11/12/2023

AUD/USD: Holds in Extended Sideways Mode, Awaiting Key Economic Releases for Direction Signals

AUDUSD eases further on Monday and breaks below 200DMA which marks approximately the mid-point of 0.6525/0.6620 congestion, in which the pair is holding for the fifth straight day. Near-term action lacks clear direction signal while holding within the range, as daily MA’s are in mixed setup and momentum indicator is moving along with the centreline, […]
22/01/2024

US 500 Index Skyrockets to New All-time High

US 500 index still confirms a strong upside tendency MACD and RSI in positive territories Next resistance at 161.8% Fibonacci extension The US 500 cash index has been in a prolonged uptrend since the end of October, posting a fresh all-time high of 4,858 earlier today. After a period of rangebound trading, the pair stormed […]