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The barrel of American crude finally cleared the $74/75pb resistance range on the mounting geopolitical tensions in the Red Sea and traded at $76pb on Tuesday. Yet the bullish market reaction looks relatively week given the amplitude of the issues in the region. The rally will likely continue at a gentle speed. The next natural […]

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EUR/USD Extends Rally While USD/JPY Revisits Support

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28/08/2024

Gold: Long-Term Bullish, Short-Term Correction

The Federal Reserve is widely expected to cut interest rates soon, which has boosted the appeal of gold. However, Daniel Ghali, a Senior Commodity Strategist at TDS, warns that a potential correction in gold prices is becoming more likely. Current investor positioning in gold has reached levels last seen during the pandemic, which often signals […]
29/05/2024

USD/JPY: Holds Bullish Bias But Daily Techs Mixed, All Eyes on US Inflation Data

USDJPY attempts to break above near-term narrow range and sustain gains after Tuesday’s marginal close above pivotal Fibo barrier at 157.01 (61.8% of 160.19/151.85 pullback), where attacks repeatedly failed last week. Technical signals are mixed on daily chart as Tenkan-sen crossed above Kijun-sen, but positive momentum is fading and stochastic is about to emerge from […]
17/07/2024

Elliott Wave Intraday: Gold (XAUUSD) Breaks to New All-Time High

Gold (XAUUSD) has made a new all-time high which confirms the right side remains bullish in the near future. Cycle from 6.7.2024 low is currently in progress as a 5 waves impulse. Up from 6.7.2024 low, wave 1 ended at 2368.74 and pullback in wave 2 ended at 2293.46. Up from there, wave (i) ended […]