EUR/USD is trying to recover after finding support near 1.1450, while USD/JPY is retreating from recent peaks above 160.00 and may extend its decline towards lower levels. Key Points The euro slipped below 1.1600 before stabilising and attempting a recovery. A bearish trend line is forming on EUR/USD, with resistance around 1.1575 on the hourly
Brent crude oil can be expected to fall to the next support level 93.25 (low of the previous minor correction at the end of March) – the breakout of which can lead to further losses to 90.00. Brent crude oil reversed from round resistance level 100.00 Likely to fall to support level 93.25 Brent
In last week’s Thoughts, we delivered an edition that sounded more optimistic about the stock and precious metals markets than it has in a long time. Yes, we mentioned that further escalations are possible in Iran. And yes, this war is not over yet, even though U.S. President Trump is now talking about a possible
Gold nears $4,800 as Middle East truce hopes weaken the Dollar, while technical momentum and strong US data fuel bullion. Gold Nears $4,800 as Fading Dollar Lifts Bullion for Fourth Consecutive Day The precious metal is currently riding a wave of significant momentum, hitting two-week highs as the U.S. Dollar loses its grip on the
European currencies have regained some ground in recent sessions following an earlier decline, hinting at a potential shift in short-term momentum. The US dollar has eased from its highs as traders await key economic data from the United States, prompting a reassessment of positioning and opening the door for a deeper corrective move. Nevertheless, the
Given the strongly bullish US dollar sentiments seen today, EURUSD currency pair can be expected to fall to the next support level 1.14700 (which has been reversing the price from November, as can be seen from the daily EURUSD chart below). EURUSD reversed from the resistance area Likely to fall to support level 1.14700
Given the clear daily uptrend, WTI crude oil can be expected to rise to the next resistance level 110.00 (which reversed the previous sharp upward impulse wave (1) , as can be seen from the daily WTI crude oil chart below). WTI crude oil broke round resistance level 100.00 Likely to rise to resistance
Markets face extreme volatility driven by crucial US jobs data, escalating Iran-US tensions spiking oil, and diverging global central bank policies. The High-Stakes US Employment Rebound The global financial community is currently holding its breath for the release of the March Nonfarm Payrolls (NFP) report, a data point that carries immense weight following February’s alarming
Gold prices recently approached the $4,800 mark before entering a corrective phase, while WTI crude oil continues to build upward momentum, with potential to push towards the $110 level. Key Points to Watch Gold advanced strongly towards $4,800 before facing a pullback against the US dollar. A notable bullish trend line is emerging, offering support
Given the strength of the active impulse wave 3, USDCHF currency pair can be expected to rise to the resistance level 0.8040 (former monthly high from January and the target for the completion of the active impulse wave 3). USDCHF broke resistance area Likely to rise to resistance level 0.8040 USDCHF currency pair recently