This is a follow-up analysis of my prior report Oil Prices Slide Brent Crude Taps 200-day MA. Can it Snap 4-day Losing Streak? published on 13 January 2025. Click here for a recap.From a technical analysis standpoint, Brent has tapped into a key...
The price remains under strain, struggling to attract significant buyers as it hovers near a three-week low against the US Dollar (USD) ahead of the European session. Market expectations that the Bank of Japan (BoJ) will maintain its short-term...
The AUD/USD pair is navigating a critical phase, trading around the pivotal level of 0.6202. This level serves as a major inflection point, with a sustained move above potentially triggering further upside momentum, while a break below could lead...
Market forecasts suggest a marginal slowdown in economic activity, with the Services PMI expected to ease to 52.2 from the previous month's 52.4. Meanwhile, mixed expectations surround US PMI data, as the Manufacturing PMI is anticipated to rise...
The AUD/USD pair is currently at a crucial juncture, hovering around the pivot level of 0.6202. This level acts as a key determinant of short-term price action, where a sustained move above could confirm a rebound, while a failure to hold may...
