Sunset Market Commentary

EURNZD under bearish pressure Likely to fall to support level 1.8045 EURNZD currency pair under the bearish pressure after the earlier downward reversal from the long-term resistance level 1.8435, which stopped the weekly uptrend in the middle of 2023. The resistance level 1.8435 was strengthened by the upper weekly Bollinger Band. Given the strength of […]

WTI oil futures swiftly recoup June’s lost ground to trade again above 80 Technical signals return to positive area, but there is another barrier nearby Hopes of increased demand in the next quarter caused WTI oil futures to surge back to 80.60, erasing earlier losses that led the price to a four-month low of 72.46 […]

Investors see decent chance of another 50bps cut in November Fed speakers, ISM PMIs and NFP to shape rate cut bets Eurozone CPI data awaited amid bets for more ECB cuts China PMIs and BoJ Summary of Opinions also on tap Will the Fed opt for a back-to-back 50bps rate cut? Although the dollar slipped […]