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Technical Analysis

Powell Says Rates To Stay High As Long As Needed

Dollar in DemandThe US Dollar is holding at highs as we move through the middle of the week. Monday’s better-than-forecast retail sales data, hot on the heels of last week’s bumper inflation reading,...

Traders Brace For Netflix Q1 Earnings

Netflix Earnings DueAs US earnings season rolls on, focus today falls on Netflix which will report Q1 earnings at the market close. On the back of the last quarter’s weaker-than-forecast EPS result,...

GBPUSD M30 I Bullish Bounce

TitleGBPUSD M30 I Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2432, a pullback support that aligns with 38.2% Fibo retracement. A bounce from this level...

Potential Bullish Bounce off 38.2% Fibonacci Retracement

TitlePotential Bullish Bounce off 38.2% Fibonacci RetracementTypeBullish BouncePreference:Price is falling towards the pivot point of 89.72 which is a pullback support that aligns with the 38.2%...

Heading towards a Pullback Resistance

TitleHeading towards a Pullback ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.8568 which is a pullback resistance that sits above the 61.8% Fibonacci...

FTSE Bounces as UK Inflation Falls Again

FTSE Holds SupportThe FTSE is stabilising today following sharp losses across yesterday’s session. The index suffered an almost 2% drop yesterday amidst a general weakening of risk appetite in...

Copper Rally Stalls on China Data Miss

Weak China DataCopper prices have come under fresh selling pressure on Tuesday as traders grapple with weaker industrial data out of China and a stronger US Dollar. Overnight, the latest Chinese...

Dollar Dominance: A Stronghold Amidst Global Uncertainty

The US Dollar continues its triumphant ascent as the US economy flexes its muscles against its G10 counterparts. Riding on the waves of changing short-term yield differentials, the Greenback finds...

Nasdaq Drops On USD Strength & Geopolitical Risks

USD Rally Hits NasdaqRisk sentiment is looking a little shaky ahead of the US open today following a 2.4% drop in the Nasdaq yesterday. A combination of heightened uncertainty over the growing...