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💵 DOLLAR_INDX, H4 💵 3 April 2024 The Dollar Index dipped marginally following the release of a disappointing jobs report, with US JOLTs Jobs Opening figures falling slightly short of market expectations at 8.756 million compared to the anticipated 8.760 million. Nevertheless, the dollar's long-term outlook remains bullish, underpinned by strengthening US Treasury...

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🛢 CL OIL, H4 🛢 1 April 2024 Oil prices edged higher as concerns about a global supply surplus eased, supported by lower Russian output and ongoing production curbs by major oil-producing nations. Russia's decision to deepen production cuts and the reduction in fuel supplies following attacks on Russian fuel refineries by Ukraine contributed to market optimism....

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USD/JPY, H4 1 April 2024 The Japanese yen maintained its position amidst authorities' warnings of potential currency intervention. Japanese Prime Minister Fumio Kishida emphasised the government's readiness to address excessive currency market movements, signalling potential Bank of Japan intervention if deemed necessary. However, the yen's gains were tempered by...

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AUD/USD, H4 1 April 2024 The Australian dollar saw a modest rebound amidst thin trading sessions following the release of encouraging economic data from China. China's official Manufacturing Purchasing Managers' Index (PMI) surged to 50.8 in March, surpassing expectations and indicating an expansion in manufacturing activity. Similarly, the Non-Manufacturing PMI...

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EUR/USD, H4 1 April 2024 The EUR/USD pair faced downward pressure as the strengthening US Dollar contrasted with expectations for a more dovish stance from the European Central Bank (ECB). ECB Governing Council member Yannis Stournaras hinted at the possibility of four interest rate cuts totaling 100 basis points in 2024, diverging from market expectations for...

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GBP/USD, H4 1 April 2024 Pound Sterling maintained a neutral stance, hovering around strong support levels amid market closures for holidays. Meanwhile, the US Dollar continued its ascent fueled by better-than-expected economic data, reducing expectations for Federal Reserve rate cuts. Conversely, the Bank of England (BoE) signalled intentions to implement three...

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🔖XAU/USD, H4🔖 1 April 2024 Despite the strengthening US Dollar, safe-haven gold maintained its bullish momentum, fueled by dampened risk appetite ahead of significant events. The precious metal surged to all-time highs, marking a fifth consecutive session of gains. However, investors remain cautious as the Federal Reserve's stance on combating inflation could...

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💵 DOLLAR_INDX, H4 💵 1 April 2024 The Dollar Index continued its upward trajectory against a basket of major currencies during this holiday trading session, bolstered by hawkish comments from Federal Reserve members and robust inflation data. Fed Governor Christopher Waller's assertion that recent disappointing inflation figures support the case for maintaining...

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🛢 CL OIL, H4 🛢 29 March 2024 Crude oil prices are on a continuous ascent and are currently testing the resistance level at $83. The optimistic outlook for oil prices persists due to the announced production cuts by OPEC+ and the resulting tighter oil supply expectations. Additionally, the decline in the oil and gas rig count in the U.S. during the last week of...

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AUD/USD, H4 29 March 2024 The Australian Dollar extended losses for a second consecutive session, driven by disappointing Consumer Inflation Expectations and Retail Sales figures from Australia. Additionally, the ongoing bullish trend for the US Dollar, particularly ahead of the pivotal PCE report, further weighed on the AUD/USD pair. However, subdued market...

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AUD/USD, H4 29 March 2024 The Australian Dollar extended losses for a second consecutive session, driven by disappointing Consumer Inflation Expectations and Retail Sales figures from Australia. Additionally, the ongoing bullish trend for the US Dollar, particularly ahead of the pivotal PCE report, further weighed on the AUD/USD pair. However, subdued market...

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EUR/USD, H4 29 March 2024 The EUR/USD pair faced downward pressure as the US Dollar continued to appreciate. Investor sentiment favoured the US economy's gradual recovery over the European region, heightening expectations for the Federal Reserve to maintain elevated interest rates. In contrast, the European Central Bank signalled potential monetary policy easing...

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GBP/USD, H4 29 March 2024 The GBP/USD pair remains under its downward trend resistance level, indicating a continued bearish trajectory. The UK GDP figures, released yesterday and aligning with market expectations, were insufficient to bolster Sterling's strength. Conversely, the US dollar received a significant boost from the country's positive economic data,...

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🔖XAU/USD, H4🔖 29 March 2024 Gold prices soared to a record high of $2236.25 yesterday, moving in sync with the dollar's trajectory. Despite the upbeat economic data, traders in the gold market are strategically positioning themselves ahead of the highly anticipated release of the U.S. Personal Consumption Expenditures (PCE) reading scheduled for later today. This...

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💵 DOLLAR_INDX, H4 💵 29 March 2024 The Dollar Index received a boost, surging past its previous resistance level at 104.45, driven by a series of positive economic indicators released yesterday. The U.S. GDP growth rate exceeded market forecasts, registering at 3.4%, while Initial Jobless Claims dropped, suggesting a robust job market. This upbeat economic data...

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🛢 CL OIL, H4 🛢 27 March 2024 Crude oil prices retreated from significant resistance levels as market sentiment remained tepid ahead of key events. Investors opted to shed high-risk commodities amidst lingering uncertainties. However, losses were tempered by concerns over potential supply disruptions, notably after Russia's directive to companies to curtail output...

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USD/JPY, H4 27 March 2024 The USD/JPY pair touched its weakest level against the U.S. dollar for the third time, nearing the 152.00 level, following Japan's first rate hike since 2007. The Japanese Yen has approached intervention levels last seen in 2022, prompting speculation of potential currency intervention by Japanese authorities. The Japanese Finance...

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🇪🇺 EUR/USD, H4 🇺🇸 27 March 2024 The EUR/USD pair experienced a modest retracement after bouncing back from its recent low around 1.0800. This retracement was driven by a strengthening of the dollar yesterday, supported by upbeat U.S. economic data. In contrast, the euro lacked significant catalysts for further gains. Moreover, with the euro's Consumer Price...