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GBP/USD, H4 27 March 2024 The GBP/USD pair maintained its bearish trajectory following a brief technical rebound earlier in the week. This decline was primarily attributed to positive U.S. economic data, particularly the increase in Durable Goods Orders from-6.9% to 1.4% in February. However, the downward movement was somewhat tempered by a hawkish stance from...

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🔖XAU/USD, H4🔖 27 March 2024 Gold prices saw a modest rebound, finding support near key resistance levels amid lacklustreeconomic data from the US. The Conference Board's consumer confidence index fell below expectations, signalling persistent concerns about economic activity. As volatility looms with major events and data releases on the horizon, gold's...

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💵 DOLLAR_INDX, H4 💵 27 March 2024 The Dollar Index, tracking against a basket of major currencies, held firm amidst a wait-and-see sentiment among investors. With anticipation mounting for the release of the PCE Price Index data crucial for gauging inflation and scheduled for Good Friday, market movement is expected to remain subdued. Despite the holiday, Top Fed...

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🛢 CL OIL, H4 🛢 25 March 2024 Crude oil prices witnessed a slight retreat amidst optimism surrounding potential ceasefire negotiations between Israel and Hamas. US Secretary of State Antony Blinken's remarks, indicating progress in talks held in Qatar aimed at reaching a ceasefire agreement for Gaza, tempered concerns over oil supply disruptions. This development,...

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AUD/USD, H4 25 March 2024 The AUD/USD pair has seen a rebound from its recent lows, buoyed by interventions from the Chinese government aimed at strengthening the Chinese Yuan in a bid to stabilise it amid recent weakening. Consequently, the Australian dollar, often viewed as a proxy for the Chinese economy, benefited from the stronger Yuan, experiencing an...

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EUR/USD, H4 25 March 2024 The EUR/USD pair is currently facing significant downward pressure, trading close to its key psychological support level at around 1.0800. This pressure comes amid signs of easing inflation within the Eurozone, prompting market speculation about a potential rate cut from the European Central Bank (ECB) in 2024, despite its current...

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GBP/USD, H4 25 March 2024 The GBP/USD currency pair is exhibiting sustained bullish momentum, currently hovering near the 1.2600 level as the market anticipates further developments. Revisions in market expectations regarding a potential Federal Reserve rate cut in 2024 have emerged due to ongoing inflationary pressures in the U.S., contributing to the...

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🔖XAU/USD, H4🔖 25 March 2024 Gold prices experienced a downturn as the robust US Dollar continued to dampen the appeal of non-yielding assets such as gold. The resurgence of the Dollar, particularly following signals from several major central banks, including the Swiss National Bank, hinting at potential rate cuts in 2024, weighed heavily on the precious metal...

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💵 DOLLAR_INDX, H4 💵 25 March 2024 The Dollar Index continued its upward trajectory for a second consecutive week, bolstered by the robust performance of the US economy and heightened expectations of interest rate hikes. The potential yield disparity between the US Dollar and other major currencies remained a significant driver, underpinning the greenback's...

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🛢 CL OIL, H4 🛢 22 March 2024 Crude oil prices faced downward pressure amid weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza, easing concerns of supply disruptions. Despite an unexpected decline in US crude inventories reported by the Energy Information Administration (EIA), gasoline product demand...

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NZD/USD, H4 22 March 2024 The NZD/USD pair has displayed a double-top pattern, indicating a potential bearish trend. Despite favourable trade balance data released today, the New Zealand dollar has been overshadowed by a strengthened U.S. dollar. With a lack of bullish catalysts for the Kiwi at present, the pair faces challenges in reversing its trend. The...

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USD/JPY, H4 22 March 2024 Despite the Bank of Japan's historic decision to end its negative rate policy with its first hike in 17 years, the Japanese yen remained weak against the backdrop of a widening yield differential between Japan and the US. With the Federal Reserve maintaining its benchmark federal funds rate and better-than-expected US economic data...

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GBP/USD, H4 22 March 2024 The GBP/USD pair encountered significant headwinds, marking its lowest levels since March. The Bank of England's (BoE) decision to maintain its interest rates aligned with market forecasts, yet market sentiment leans towards a dovish outlook from the British central bank. This tilt towards a more dovish stance has contributed to the...

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🔖XAU/USD, H4🔖 22 March 2024 Gold prices dipped from record highs as the US Dollar and US Treasury yields rebounded sharply on the back of positive economic data releases and the Federal Reserve's optimistic forecast. Despite the Federal Reserve's upward revisions for the Gross Domestic Product (GDP) and the Core Personal Consumption Expenditure Price Index (PCE)...

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💵 DOLLAR_INDX, H4 💵 22 March 2024 The Dollar Index, tracking the greenback against a basket of major currencies, rallied following the release of better-than-expected US economic data, bolstering confidence in the Federal Reserve's optimistic outlook. With US Initial Jobless Claims declining to 210,000, surpassing expectations, and Fed Chair Jerome Powell...

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🛢 CL OIL, H4 🛢 20 March 2024 Crude oil prices extended gains, reaching multi-month highs for the second consecutive session, driven by rising geopolitical tensions, notably recent attacks by Ukraine on Russian refineries. Concerns over supply disruptions intensified as the attacks targeted a significant portion of Russian refining capacity, leading to the...

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AUD/USD, H4 20 March 2024 The AUD/USD pair remains under pressure, approaching its lowest level in March. Following the Reserve Bank of Australia's (RBA) interest rate decision, which met market expectations by maintaining rates at 4.35%, the Australian dollar experienced further weakness. This was exacerbated by comments from the RBA governor indicating that the...

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USD/JPY, H4 20 March 2024 The Japanese yen faced significant downward pressure, tumbling to a four-month low, even as the Bank of Japan announced the end of its negative interest rate policy and quantitative easing measures. Market participants, having already factored in the policy change, engaged in profit-taking, leading to a sharp decline of over 1% in the...