Week Ahead – ECB Decision and US Payrolls to Steal the Show

DXY: The DXY (US Dollar Index) chart currently shows a neutral overall momentum, suggesting a lack of strong directional bias in the US Dollar. As a result, there is potential for price to fluctuate between the 1st support and 1st resistance levels. The 1st support at 101.77 is considered significant as it aligns with an […]

Bulls are taking a breather and consolidating within a narrow range on Monday, just under new all-time high ($2195) and psychological $2200 barrier. The yellow metal continues to shine (advanced 4.6% last week, in the biggest weekly gain since the second week of March 2023), lifted by growing expectations for Fed rate cut. Strongly overbought […]

Mood was down in Asia today as the strongest earthquake in 25 years led to halted operations in TSM and United Microelectronics. Elsewhere, major stock and bond markets in Europe and the US were painted in the red yesterday as well; rising oil and commodity prices fueled inflation expectations while further strength in the US […]