S&P 500 Wave Analysis – ActionForex
S&P 500: ⬆️ Buy S&P 500 reversed from support level 7200.00 Likely to rise to resistance level 7400.00 S&P 500 index recently reversed up from the support level 7200.00 (former…
The USD is modestly lower as hope springs eternal for peace. Stock higher. Yields lower.
As the North American session gets underway, Treasury yields are moving modestly lower, with the 2-year yield down -2.1 basis points at 3.51% and the 10-year yield lower by -2.2…
US strikes Bandar Abbas and Qeshm as Gulf tensions surge past ceasefire
US military strikes hit Iran's Bandar Abbas and Qeshm Island; Iran claims it fired missiles at three US destroyers and launched drones; explosions reported in Abu Dhabi. Summary:The US military…
South Korea: Modest tightening prospects – DBS
DBS Group Research economist Ma Tieying expects the Bank of Korea (BoK) to keep its base rate at 2.50% at the May 28 meeting, but now projects a single 25…
USDCAD holds support. Bouncing higher. Can the buyers keep the momentum going?
The USDCAD is pushing higher in early North American trading after buyers successfully defended a key technical support zone during the European session correction. Earlier in the day, the pair…
US crude oil futures settle at $94.81
Crude oil is settling at $94.81, down $0.27 or -0.28% on the day, after another volatile trading session driven by geopolitical headlines and shifting risk sentiment. Technically, the market is…
EURUSD/GBPUSD move off highs. Oil retracing declines. Yields now higher.
Both the EURUSD and GBPUSD are giving back earlier gains as broader market sentiment turns more cautious. The EURUSD is still modestly higher on the day by 0.08%, while the…
Crude oil moving off of low levels and back toward the next target at the $95 area
The price of crude oil is rebounding off session lows near $89.85 after finding support above yesterday’s low around $88.70. That defense of the prior day’s low helped stabilize the…
Oil: Brent Oil Continues to Trend Lower on Growing Optimism over Peace Talks
Brent oil remains firmly in red and extends weakness on Thursday after falling 10% on Wednesday and ending day with 5.5% loss. Growing hopes for a US-Iran peace deal provided…
AUDUSD buyers remain in control technically but resistance at 2022 swing area looms
The AUDUSD broke sharply higher yesterday, extending above the April and May swing highs between 0.7221 and 0.7227 — a bullish technical breakout that shifted momentum further in favor of…
