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DXY: The DXY (US Dollar Index) chart currently has a bullish overall momentum, suggesting that the US Dollar is exhibiting strength. In the short term, there’s potential for a bullish bounce off the 1st support level, with an aim to move towards the 1st resistance. The 1st support at 101.77 is categorized as a pullback […]

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20/08/2024

Sunset Market Commentary

Markets Markets took a breather today during the European session. The dollar (DXY) yesterday closed below 102 for the first time since early January and remains stuck there. The greenback even extends losses as US investors enter the market. European stock markets tread water after completely recovering from the early August meltdown. The same reasoning […]
28/08/2024

Faster Crypto Market Decline

Market picture The cryptocurrency market has plunged 6% to a capitalisation of $2.08 trillion, its lowest level in nine days. Bitcoin is falling in line with the broader trend, while Ethereum and Solana are down 8.4% and 7.3%, respectively. Gold has also experienced an almost synchronised sell-off, losing around 1%, but equity markets remain generally […]
02/08/2024

WTI Crude Oil Hovers Beneath 200-day SMA

WTI trades within symmetrical triangle 20- and 50-day SMAs are ready for bearish cross WTI crude oil is moving back and forth from the 200-day simple moving average (SMA), with a strong resistance area near the potential bearish crossover between the 20- and 50-day SMAs. The price is developing within a symmetrical triangle in the medium-term […]