EUR/USD: US Dollar Weakens Amid Geopolitical Optimism
EUR/USD rose to 1.1717 on Wednesday, snapping a three-day losing streak. Pressure on the US dollar stems from growing expectations that the US will reach a negotiated settlement with Iran,…
Trump says that Project Freedom (movement of ships through Hormuz) will be paused
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…
Breakout Time for Cryptos? Bitcoin at $80K; BTC and Ethereum (ETH) Technical Outlook
Bitcoin bullies through $80,000 with Tech flows unstoppable and helping the Crypto space to continue higher The gradual rise in Cryptocurrencies could be helping to stabilize the rally, now developing…
Chart Alert: USD/JPY Bearish Breakdown from “Ascending Wedge”, It Smells Like Another Intervention
Key takeaways Intervention-driven downside resumes: USD/JPY plunged 2.4% to a two-month low after Japan’s ~$34.5B intervention on Thursday, 30 April, with a sharp intraday drop on today, 6 May, hinting…
Oil down, 'risk' & gold higher as Trump pauses freedom operation for ships stuck in Hormuz
I posted earlier on Trump trying to hold together the ceasefire:Trump seeks to preserve Iran ceasefire as UAE says missile and drone attacks continueMore positively now. Trump posting on "great…
Indian Rupee holds gains amid subdued US Dollar, lower oil prices
USD/INR extends losses for the second successive day, trading around 95.00 during the Asian hours on Wednesday. Traders will likely observe India’s HSBC Composite and Services Purchasing Managers' Index (PMI)…
NASDAQ futures analysis today: NQ traders watch 27942.50 as the key upside gate
NASDAQ futures are trying to shift from recovery mode into bullish control, but the market still needs to prove acceptance above the upper value zone.For today’s NQ futures tradeCompass, the…
GBP/USD Targets Bigger Gains, Momentum Builds For Breakout
Key Highlights GBP/USD started a fresh increase from the 1.3450 support zone. A rising channel is forming with resistance at 1.3660 on the 4-hour chart. EUR/USD could regain traction if…
China’s RatingDog Services PMI rises to 52.6 in April
China's Services Purchasing Managers' Index (PMI) rose to 52.6 in April from 52.1 in March, the latest data published by RatingDog showed on Wednesday. AUD/USD reaction to China’s Services PMIThe…
Canada’s Trade Books Flip to a Surplus in March
Canada’s trade balance moved into a $1.8 billion surplus in March, from a $5.1 billion deficit the prior month. Exports in March surged by 8.5% month-on-month (m/m) following February’s sturdy…
