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S&P 500 broke round resistance level 6000.00 Likely to rise to resistance level 6130.00 S&P 500 index continues to rise steadily after breaking the round resistance level 6000.00, which stopped the earlier upward impulse wave at the start of November. The breakout of the resistance level 6000.00 accelerated the active minor impulse wave 3 of […]

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01/12/2023

WTI Oil: Oil Price Extends Advance as OPEC+ Rolls Over Production Cuts

WTI oil price rose above $79 for the first time in two weeks on Thursday, as fresh bullish acceleration extends into third consecutive day. The OPEC+ decided to extend its supply cuts in 2024, as the cartel met today, after meeting scheduled for Nov 26 was postponed, adding support to oil price. The top world […]
22/07/2024

GBPUSD Wave Analysis

GBPUSD reversed from resistance area Likely to fall to support level 172.95 GBPUSD currency pair earlier reversed down from the resistance area located between the key resistance level 1.3060 (which stopped the multi-month uptrend in July) and the upper weekly Bollinger Band. The downward reversal from this resistance area stopped the previous weekly impulse wave […]
23/10/2024

Yen Slides as IMF Cuts Japan’s Growth Estimate

The Japanese yen has posted sharp losses on Wednesday. In the European session, USD/JPY is trading at 152.67, up 1.06% at the time of writing. The yen is down 2.1% this week and has plunged 6.3% in October. IMF slashes Japan’s growth forecast The International Monetary Fund slashed its 2024 growth forecast for Japan to […]