GBP/USD has broken above the falling trend line on the 4-hour chart, signaling that the downtrend from 1.3265 has likely ended at 1.3087. What’s Next? Further Upside Expected: With this breakout, further gains are likely in the coming days. The next target is around the 1.3200 level. If the price breaks above 1.3200, it could…
BoJ board member Hajime Takata indicated in a speech today that the central bank may need to “adjust the degree of monetary easing further” if inflation trends align with forecasts and companies continue increasing spending, wages, and passing on costs through price hikes. Takata also pointed out the challenges posed by the differing monetary policies…
USD/JPY has continued its downside move, falling from 147.20 to as low as 143.18, breaking below the key support at 143.44. What to Watch Next: Continued Downtrend: Initial resistance is now at 144.20. As long as the price stays below this level, the downward move from 147.20 is expected to continue. The next target is…
EUR/USD is currently testing the key resistance level at 1.1100, a pivotal point for its next move. Potential Scenarios: Consolidation and Downtrend Continuation: As long as the 1.1100 resistance holds, the recent bounce from 1.1026 could be viewed as consolidation within the broader downtrend from 1.1201. If the price fails to break above 1.1100, another…
Have you ever felt overwhelmed by the sea of technical indicators available on the MetaTrader 4 (MT4) platform? You’re not alone. New traders often find themselves adrift in a technical analysis ocean, unsure which tools can provide a clear picture of the market. Well, fear not, fellow explorer! Today, we’ll be diving deep into the…
Bulls are gathering more momentum Sponge Price Analysis – 04 September If SPONGEUSDT breaks through the $0.000329 barrier level and encounters resistance in the $0.000404 to $0.000502 region, the bulls might be able to maintain their lead in the market. The price may drop below the $0.000196 and $0.000136 support levels if $0.000262 is not…
Via a note from Goldman Sachs’ managing director for global markets and tactical specialist Scott Rubner on Wednesday. “A market correction may start to get traction if payrolls are weak on Friday,” Expects selling to pick up from September 16. GS estimates about US$6.6 billion of passive demand until company earnings buyback blackout period begins…
MARKET REPORT(Unburdened by what has been) NYF District Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– July the number of job openings plunged sharply to 7.673 Million – the lowest since January 2021 – from a prior month unrevised June print of 8.184 Million…
The NZD/USD pair is showing signs of consolidation after reaching yearly highs last week. The RSI and the MAC point to a flattening bullish traction. The NZD/USD pair is consolidating near the 0.6200 support level as bulls take a breather after August’s rally. The Relative Strength Index (RSI), at 57 remains in positive territory but…
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