Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus

Natural gas under the bearish pressure Likely to fall to support level 2.200 Natural gas is under bearish pressure after the earlier breakout of the key support level 2.600 (which stopped the previous medium-term ABC correction (4) from the end of May). The breakout of the support level 2.600 coincided with the breakout of the […]

While traditional financial markets experience a lull due to Thanksgiving in the U.S., the bullish momentum in the cryptocurrency market continues to keep traders engaged. As seen on the ETH/USD chart: → Ethereum’s price has broken through the critical $3500 level, which acted as resistance during the summer (indicated by an arrow). → Additionally, the […]

NZDUSD posts aggressive bullish rally Price penetrates 200-day SMA to the upside Technical signals are strongly bullish NZDUSD skyrocketed to a fresh almost four-month high above the 0.6200 round number earlier today. The strong rebound off the 0.5770 barrier took the market well above the short-term simple moving averages (SMAs) and more importantly above the […]