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In focus today The week kicks off in a quiet fashion in terms of data. The German Ifo business sentiment index will most likely mirror the weakness seen in last week’s PMIs. We have a string of ECB speeches throughout the day with high-influence members such as Schnabel, Villeroy and Nagel on the wire. The […]

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USD/JPY Analysis: Rate Rises Above 159.9 Yen per Dollar

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26/06/2024

Gold Prices Under Pressure as Dollar Index (DXY), US Yields Rise

Gold continues its decline with $2300/oz firmly back in sight. US Dollar index and US 10Y yield continue to rise, US 10Y now at 4.275%. PCE inflation data could be the catalyst needed for gold prices to find some direction. Fundamental Overview Gold prices remain under pressure this morning as rising US yields and a […]
13/12/2023

EURAUD Wave Analysis

EURAUD reversed from key support level 1.6300 Likely to rise to resistance level 1.6500 EURAUD currency pair recently reversed up from the key support level 1.6300 intersecting with the lower daily Bollinger Band and the support trendline of the weekly down channel from August. The upward reversal from the support level 1.6300 stopped the previous […]
29/07/2024

USD Analysis: Key Data Releases and Technical Outlook for the Week and intraday. EURUSD

Fundamental Analysis In the absence of high-impact data on Monday, July 29, 2024, market sentiment is focused on the key data releases for the week. First, the Federal Reserve’s interest rate decision is set for Wednesday. While no rate change is expected, any adjustment in the statement’s language could signal a more dovish or hawkish […]