Nasdaq 100 rally continues as Elliott Wave points to 24770-25570
In our late August update, we observed that, when zooming out, the NASDAQ100 (NDX) was, according to the Elliott…
Oil steadies near $63.50 with bullish bias
WTI extends rebound for the third straight day on Tuesday, trading near $63.50.Supply risks from fresh attacks on…
Drops to near 97.00 as bearish bias strengthens
The US Dollar Index is likely to encounter initial support around the psychological 97.00 level.Bearish bias prevails as…
EUR/USD appreciates as the focus shifts to the Fed’s monetary policy
The Euro ticks h¡igher as the impact of France’s debt downgrade eases.The US Dollar drifts lower with traders…
Momentum fades below 21-day SMA
WTI trims intraday gains after facing resistance at the 21-day SMA.Technical resistance remains firm, with price action capped…
Gold rises as weak US sentiment and jobs data boost Fed cut outlook
Gold rebounds after weak UoM sentiment and soft jobs data boost rate cut bets.Payroll revision and rising Jobless…
Gold refreshes new high at $3,668, bulls eyeing $3,700-$3,750
Major Central Banks step up Gold reserve. Surging safe haven demand adds bullish momentum in prices.Gold continues refreshing…
Gold hits $3,674 record before US Dollar rebound caps rally
XAU/USD climbs 0.30% after earlier record high of $3,674, retreating as US yields and US Dollar rebound.BLS revises…
EUR/USD jumps to 1.1714 as weak jobs data sinks US Dollar
The Euro climbs as Nonfarm Payrolls show weak hiring, rising unemployment, and steady wage growth in August.US 2-year…
Gold retreats to $3,400 as markets await US PCE inflation report
Gold edges lower on Friday, retreating from its highest level since July 23 at $3,423 set the previous…
Likely to consolidate between 1.1665 and 1.1745 – UOB Group
Euro (EUR) is likely to consolidate between 1.1665 and 1.1745. In the longer run, increase in upward momentum…
Gold above $3,370 as Powell turns dovish, labor risks rise
Gold prices rallied sharply after Powell’s dovish tone highlighted employment risks despite persistent upside risks to inflation.Traders priced…