US 100 Index Hovers Above Cloud as Rebound Loses Steam

The Canadian Dollar (CAD) weakened on Monday as it lagged behind the strengthening US Dollar ahead of the Federal Reserve’s rate decision. This week, the CAD is underrepresented on the economic calendar, making it susceptible to broader market movements and central bank appearances. Key data to watch includes Wednesday’s Canadian GDP for May, anticipated to […]

Key Highlights Gold rallied above the $2,150 and $2,170 resistance levels. A key contracting triangle is forming with support at $2,160 on the 4-hour chart. EUR/USD struggled to continue higher above the 1.0865 resistance. Bitcoin price regained strength for a move above the $70,000 resistance. Gold Price Technical Analysis Gold prices started a fresh increase […]

Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to $2.37 trillion over the last 24 hours. After the halving, the bulls intensified their efforts to boost prices, but by the end of the week, the bears took the initiative. Bitcoin under pressure: Bitcoin has been losing value (0.7%) […]