Brent Crude – Oil Slides Into Key Support as Geopolitical Risk Takes a Backseat

AUDUSD approached key resistance level 0.6795 Likely to rise to resistance level 0.6865 AUDUSD currency pair just approached the key resistance level 0.6795 (which stopped the previous minor correction 2 at the start of July) standing above the upper daily Bollinger Band. The subsequent price behavior near the resistance level 0.6795 will affect how this […]

Canadians aren’t getting much relief on inflation for Christmas this year, with CPI inflation remaining at 3.1% on a year-on-year (y/y) basis in November. For headline inflation, Statistics Canada cited that higher prices for travel tours (+26.1% y/y,) due to events held in destination cities in the U.S. (potentially due to Formula 1 in Vegas) […]

DXY: For DXY (US Dollar Index), the potential direction is bearish, aligning with the overall bearish momentum of the chart. There’s a possibility of a bearish reaction off the pivot level, leading to a drop towards the 1st support. The pivot at 103.64 is significant, marked by an overlap resistance and the presence of the […]