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Technical Analysis

Dollar Slumps Despite Fed Rates Warning - CPI Next

PPI Jumps Again, CPI Up NextThe US Dollar has come under fresh selling pressure on Wednesday, despite hotter-than-forecast PPI data yesterday and hawkish comments from Fed chairman Powell. April PPI...

BOJ in Focus Ahead of US CPI

USDJPY Turning LowerA softening US Dollar on Wednesday will certainly be welcomed by the Bank of Japan. USDJPY had been rising steadily following the intervention-driven crash from around 160 to low...

XAUUSD H4 | Bearish Drop

TitleXAUUSD H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 2360, an overlap resistance that aligns with the 61.8% Fibonacci retracement resistance. A drop from...

XAUUSD H1 | Bearish continuation expected

TitleXAUUSD H1 | Bearish continuation expectedTypeBearish ReversalPreference:Price is rising toward the pivot point of 2346-2350, overlap resistance close to the 38.2% Fibonacci retracement level. A...

Calm Before the Storm in FX

US Inflation Key This WeekWe’re seeing quiet trading across the board on Tuesday as traders brace for tomorrow’s headline CPI data. The reading will be pivotal in determining USD direction over the...

Copper Surges to Two Year Highs

Copper Rally ContinuesThe rally in copper prices continues to gain ground this week with copper futures breaking out to further fresh highs on the year. Copper futures are now up around 33% off the...

GBPUSD H4 | Bearish Drop

TitleGBPUSD H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot of 1.2556 which is close to 61.8% Fibonacci retracement. A drop from this level could lead the price to fall to...

Pound Falls On Weak UK Jobs Data

UK Unemployment RisesThe British Pound is seeing some selling pressure through early European trading on Tuesday with GBPUSD turning lower from yesterday’s highs. The latest UK economic data released...

Bearish Downtrend

TitleBearish DowntrendTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.6023 which is a pullback resistance level and potentially reverse from here; we could see momentum...