Following crude oil’s rebound from its September 2024 low of $65.20, the risk of a reversal remains uncertain amid ongoing bearish pressures.
Key Events This Week:
Chinese deflation risks
OPEC monthly report
US CPI data
Trade war developments
Potential Scenarios:
🔻 Bearish Scenario:
A clean break below $65 could extend losses toward $63.80, a key...
Yesterday, the tech giant released its quarterly earnings, showing that sales remained steady at $7.85 billion versus the expected $7.82 billion , while earnings per share came in at $0.49 , aligning with market expectations. However, what is currently weighing on the stock is the company's announcement of a new essential plan to lay off approximately 2,500 ...
The Nasdaq and S&P 500 were testing their weekly lows after what has been a bruising last few session. But with both indices testing their respective key support areas, could we see a recovery from around the current levels, especially in light of a weaker US jobs report?
Keep an eye on the area around 20,000 on the Nasdaq, where the Trump rally commenced back in...
U.S. President Donald Trump has signed an executive order establishing a U.S. strategic crypto reserve, but rather than direct market purchases, it will be funded using previously seized tokens. Unsurprisingly, Bitcoin has slumped on the news.
Now sitting in a symmetrical triangle pattern after entering from above, Bitcoin is threatening to resume its bearish...
Over the last five trading sessions, the price of the precious metal has recovered more than 3% as uncertainty surrounding the new 25% tariffs on countries like Mexico and Canada remains constant. In the past two sessions, the price has maintained steady neutrality as the market awaits the release of the U.S. NFP data tomorrow. Initially, expectations point to...
The German DAX index has just hit a fresh all-time high.
The latest gains come as a global bond sell-off extended its run, driven by Germany’s ambitious spending plans, which are poised to reshape the eurozone’s economic outlook and has already had a sizeable impact on regional stocks. Today, the focus was also on the rate decision from the European Central Bank....
USD/CNH isn’t everyone’s favourite pair to trade, but it should be on your radar if you dabble in AUD/USD or NZD/USD. Its correlation coefficient with AUD/USD ranges from -0.72 to -0.96 across timeframes from five days to six months, while for NZD/USD, it sits between -0.78 and -0.95. That suggests a strong relationship when comparing performance against the U.S....
While tariff talk was a driver of strength for the USD, even into late last week, that dynamic has shifted, and it seems that the driver is worry or concern about possible recession in the U.S. economy.
Just last Wednesday, President Trump had a comment regarding tariffs on Europe, taking place around lunch time in New York. At the time, EUR/USD had just begun...
It took a little while but what we've just seen in EUR/USD is a great example of a pent-up breakout. The 1.0500 level was tough, with some additional resistance at the Fibonacci levels at 1.0523/1.0533, but once bulls were able to clear that, they had full control and prices have run quickly to the upside.
There's another component here, and something I'll...
Over the past two weeks, Amazon's stock has declined by more than 13% , forming a new bearish channel. Selling pressure has intensified as concerns about potential tariffs begin to affect investor confidence in Amazon's multinational operations. The possible onset of a new trade war could seriously impact some of Amazon’s business model, which relies on importing...
The EUR/CHF looks quite interesting heading into the ECB rate decision.
On the back of news from Germany will unlock 500 billion euros for defense and infrastructure investments, we have seen European bond yields surge higher, with those on the benchmark 10-year German bund rising nearly sharply to 2.75%, the highest level since November 2023. The euro has...
Crude oil prices have dropping another 4% with Brent reaching its lowest levels since December 2021, after breaking the September 2024 low of $68.60. If Brent is anything to go by, WTI looks like it too will break its corresponding September 2024 low of $64.95 - and therefore the $65.00 psychological level - soon.
Oil price prices have dropped on concerns about...
The bearish pin candle on the GBP/AUD daily chart on Tuesday is a warning sign for bulls after a more than seven big-figure rally in less than a fortnight. RSI (14) is flashing extreme overbought conditions, sitting at levels that have marked major market tops in the past.
Fundamentally, the move stacks up—improved Eurozone optimism from increased military...
EUR/USD looked bad at last week's close as a strong bid in the USD and tariff worries drove another resistance hit at the 1.0523 level in the pair.
But this week has been a far different tone and for today the pair is up more than one percent as a strong breakout has taken-over.
The complication at this point is area on the chart, as 1.0611 is a confluent area...
We have also seen S&P 500 bounce off its own 200 day average, while the Nasdaq is coming off earlier lows. Meanwhile Nvidia is now positive on the session after starting the da below $110. So, a bit of a bounce back for stocks- is this the turnaround?
MicroStrategy could start next leg up here, if it again holds the 200-day average support near $235.
By Fawad...
Over the last three trading sessions, the pair has risen by more than 2% in favor of the U.S. dollar as the threat of tariffs has become a reality. So far, President Trump has confirmed that the measures will take effect today, and there is currently no hope for another deadline extension.
The President of Mexico has traveled to the United States for an...
Bitcoin has fallen sharply, breaking below the $91,000 support level, which previously acted as a major floor for the uptrend. The cryptocurrency is now testing the 200-EMA ($79,897) as it struggles to find buying interest.
🔍 Technical Breakdown:
📉 Major Breakdown – The loss of $91,000 has turned sentiment bearish.
📉 200-EMA as Last Defense – Holding above...
The USD/CHF pair has decisively broken below its 200-EMA (0.8887) and key horizontal support (0.8915), signaling a potential shift in momentum toward further downside. After failing to hold above 0.90, sellers have stepped in, dragging price action lower.
🔍 Technical Overview:
✅ Support Break – The loss of 0.8915 puts 0.88 in focus.
✅ 200-EMA Breached – A...
