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

USDCHF broke round support level 0.9000 Likely to fall to support level 0.8850 USDCHF currency pair recently broke the round support level 0.9000 (which has been reversing the price from the start of April). The breakout of the support level 0.9000 coincided with the breakout of the 50% Fibonacci correction of the previous upward impulse […]

Key insights from the week that was. In Australia, market participants were left with little to dissect this week. The latest NAB business survey pointed to the domestic economy remaining weak in late February, the detail of the survey broadly consistent with last week’s Q4 2023 National Accounts. Although business conditions rose to +10 in […]

Market Picture On Monday morning, the crypto market capitalisation stood at $2.07 trillion, up slightly from $2.05 trillion a week earlier. In the previous two weeks, the market failed to rally above the $2.15 trillion level, which has become a local resistance. The weakness in the crypto market undermines our confidence in a global recovery […]