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US 30 index finds support at 161.8% Fibonacci Technical indicators suggest bearish retracement The US 30 index is easing from the all-time high of  38,108 and is meeting again the 161.8% Fibonacci extension level of the down leg from 35,685 to 32,320 at 37,800, which had acted as strong resistance over the last month. Technically, the oscillators […]

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17/09/2024

Will It End in Tears?

Either the Federal Reserve (Fed) doves are going seriously ahead of themselves, or there will be a big disappointment when the Fed will announce its policy decision tomorrow. Or… the Fed will align with the market and give investors want they want, to avoid creating further panic. The expectation of a 50bp is now assessed […]
15/01/2024

Gold: Potential Bullish Breakout from 6-Week Range

Positive price actions in Gold (XAU/USD) as it reintegrated back above its 20-day moving average. A continuation of the medium-term bearish trend on the US 10-year Treasury real yield below 1.82% key resistance may add further bullish impetus for Gold. A rise in geopolitical risk premium may also support a firmer Gold. Watch the US$2,015 […]
30/04/2024

EUR/USD: Sideways Within a Medium-Term Downtrend

Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022. 2-year and 10-year Eurozone sovereign bonds/US Treasuries yield spread discounts have continued to widen which supports a potential medium to long-term bearish trend on the EUR/USD. Watch the 1.0740 key short-term resistance […]