WTI OIL PRICE, CHARTS AND ANALYSIS: WTI Struggling to Hold the High Ground Thanks in Part to a Resurgent US Dollar. Middle East Conflict to Remain a Critical Driver as it Continues to Underpin Oil Prices. EIA Inventories Rose Once More According to the Data. To Learn More About Price Action,Chart PatternsandMoving Averages, Check out
RAND TALKING POINTS & ANALYSIS Geopolitics, Fed and Chinese factors at play. USD/ZAR rising wedge breakout now limited by support zone. USD/ZAR FUNDAMENTAL BACKDROP Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get you FREE guide now! Foundational Trading Knowledge Macro Fundamentals Recommended by Warren Venketas The
Share: Economists at MUFG Bank analyze GBP outlook ahead of the BoE announcement on Thursday. Weak economic activity The worsening economic data has been clear and will likely be clearly acknowledged by Governor Andrew Bailey in the press conference. We see this inevitable acknowledgement of weaker data and some evidence that the labour
NASDAQ 100 OUTLOOK: Nasdaq 100 breaks down, falling to its lowest level since late May after breaching a key floor For sentiment to improve, cluster support in the 14,150/13,930 range must hold at all costs This article analyzes the key technical levels worth watching on the NDX in the coming days. Trade Smarter – Sign
GBP/USD OUTLOOK: GBP/USD has been trending lower over the past three months or so After recent price action, cable appears compressed between trendline resistance and Fibonacci support This article presents important technical levels worth watching in the coming days Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from
Hang Seng Index, China, HSI, PBOC, AUD/USD, AU CPI, Crude Oil – Talking Points Chinese bourses have been underpinned today by policy annoucements Australian 3Q CPI reaccelerated, lifting the prospect of an RBA rate hike The Hang Seng index rallied but some technical hurdles lie ahead Recommended by Daniel McCarthy Traits of Successful Traders Hong
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Nikkei 225, S&P 500 Analysis and Charts Nasdaq 100 holds key support The index rallied off the 14,500 level for the second time in a month, in an echo of September’s price action.Now the bulls need to get the price back above 14,800 on a
The EURGBP – a major cross-currency pair – has seen up-and-down price action today. The initial low found support near the low of a swing area and 0.86982. The subsequent move back to the upside took the price up to 0.8725 before rotating back down again to retest the low from earlier today. Now, the
CAD/CHF is about to hit a major support zone! Can the pair bounce despite its uber-bearish downswing? The daily chart may provide some clues: CAD/CHF Daily Forex Chart by TradingView As you can see, back in late September CAD/CHF got rejected at the .6825 area that also happened to line up with a key area
In the fast-paced world of financial markets, traders are constantly seeking an edge. One tool that has gained significant attention in recent years is the Fractal Support and Resistance MT5 Indicator. This powerful technical analysis tool can provide invaluable insights into market trends, helping traders make more informed decisions. In this article, we will delve
