Moderate upside potential – Commerzbank

Share: Economists at Commerzbank expect the EUR/CHF pair to enjoy modest gains next year. Scope for a stronger Franc again in 2025 We see a moderate depreciation of the Franc against the Euro next year.  The EUR should benefit from the fact that market expectations regarding interest rate cuts in the Eurozone are

WTI extends its upside around $77.50 on the hope for OPEC supply cuts

Share: WTI prices trade in positive territory for the third consecutive day on Tuesday. Saudi Arabia is planning to prolong oil production cuts of 1 million barrels per day through next year. The concern about a slowing global economy outweighed the prospect of deepening supply cuts by OPEC+. Oil traders will focus on

UK Unemployment and Upside Wage Pressures Dominate Jobs Report

POUND STERLING ANALYSIS & TALKING POINTS UK wage data creates concerns around inflation battle. 4.2% unemployment level reiterates robust jobs market. GBP/USD trading above 50-day MA. Elevate your trading skills and gain a competitive edge. Get your hands on the British Pound Q4 outlook today for exclusive insights into key market catalysts that should be

Mixed Technical Signals Could Halt Upside Rally

USD/CAD PRICE, CHARTS AND ANALYSIS: Hawkish BoC Fails to Inspire CAD Bulls. A Rebound in Oil Today has Failed to Spark USDCAD into life, Will Fedspeak do the Trick? Taking a look at the IG client Sentiment Data and we can see that Retail Traders are Currently Net-SHORT with 72% of Traders Holding Short Positions.

Bitcoin (BTC/USD) Pops Above $35k Before a Pullback, More Upside Ahead?

BITCOIN, CRYPTO KEY POINTS: iShares Bitcoin ETF Listed and then Delisted from the DTCC… What Does This Mean? MicroStrategy Bitcoin Bet of $4.7B Back in the Green. Average Price of Around $29520. Retracement May be in Order Following Extended Upside Rally with RSI in Overbought Territory. To Learn More AboutPrice Action,Chart Patterns and Moving Averages,Check

EURUSD stays above hourly moving averages today, but upside is limited.

The EURUSD did find support bars against its 200-hour moving average 1.05665 (green line on the chart below), and remained above its rising 100-hour moving average 1.05616 as well.. That’s a short-term tilt to the upside. The not so hot news is that the high price stalled near the 1.0600 level after extending above the

S&P 500 & Nasdaq Rebound from Key Support; How Much More Upside?

S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: The S&P 500 index and the Nasdaq 100 index have rebounded from key support. Oversold conditions, light positioning, and positive seasonality raise the bar for a material downside from here ahead of the upcoming earnings season. What are the outlook and the key levels to watch in

USD Bulls Eye Further Upside Post Host NFP Print

USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD had finally broken above the October 2022 descending trendline this week but has since run into some resistance just shy of the 1.3800 mark. This could just be a short-term retracement before a bullish continuation. Get your hands on the