Brent Crude oil Wave Analysis

U.S. Highlights Nonfarm payroll gains came in lower than expected in July, with the unemployment rate heading higher. The numbers add to other data suggesting that the U.S. labor market is losing steam. While the Federal Reserve held rates steady at their July meeting as widely expected, Chair Powell gave the strongest indication yet that […]

Key Highlights GBP/USD declined steadily before the bulls appeared at 1.2800. It cleared a connecting bearish trend line with resistance at 1.2840 on the 4-hour chart. Gold started a fresh increase and surpassed the $2,400 resistance. EUR/USD remained stable above the 1.0800 pivot zone. GBP/USD Technical Analysis The British Pound started a downside correction from […]

The Japanese yen is experiencing a notable decline against the US dollar, with the USD/JPY pair currently hovering around 151.88 on Tuesday. Despite the US dollar’s instability, driven primarily by fluctuations in Treasury bond yields, the yen faces significant downward pressure. Market participants remain cautious, particularly as the USD/JPY pair approaches levels that had previously […]