The outlook for the US Dollar and bond yields remains robust as the Federal Reserve is anticipated to deliver fewer interest rate cuts this year, buoyed by an upbeat economic trajectory. Market sentiment is further strengthened by optimism...
The hourly gold chart (GOLD, H1) shows a clear uptrend, with prices reaching new highs and consolidating around the $2935 level. The presence of Fibonacci Expansion (FE) levels at 61.8, 100, and 161.8 suggests that traders are monitoring key...
The Japanese yen retained its bullish momentum during the European morning, bolstered by growing market consensus that the Bank of Japan (BoJ) will implement further interest rate hikes. This expectation was reinforced by the release of strong...
The NZD/USD currency pair remains under strong bearish pressure, as price action consistently fails to break above the crucial pivot level of 0.5765, which currently acts as a significant resistance point. As long as the price remains below this...
West Texas Intermediate (WTI) crude oil futures are currently exhibiting a potential double bottom pattern around the $70.15 per barrel mark, hinting at a possible reversal of the sharp January decline. This pattern suggests that the market may have...
