Nasdaq Stalls As Fed Expectations & China Data Weigh
Record Gains for Tech StocksThe Nasdaq recorded its strongest H1 in 40 years this year with a 32% gain. The US tech index has bene bolstered over the year so far by shifting Fed expectations and...
GBPUSD H4 | React off resistance
TitleGBPUSD H4 | React off resistanceTypeBearish ReversalPreference:Price is approaching our pivot point of 1.27273 which is a multi swing high resistance level. A reverse from here, price could fall...
EUR Softens As Eurozone Data Revised Lower
Services PMI Revised LowerThe latest round of eurozone data today has painted further dark clouds on the horizon for the currency bloc. The final Services PMI reading for the eurozone last month was...
The FTSE Finish Line - July 05 - 2023
The FTSE Finish Line - July 05 - 2023FTSE Faltering As Rate Hike Risks & China Concerns Sour SentimentOn Wednesday, British shares experienced a further decline as mining stocks retreated due to...
Gold Higher Ahead of FOMC Minutes
Traders Eyeing July Rate HikeThe FOMC minutes later today will be the main focus ahead of the US labour market reports due on Friday. On the back of the Fed holding rates steady last month, while...
USDJPY Holds Near 145 Amidst Intervention Chatter
Intervention Coming?Speculation over potential Japanese intervention in FX markets is helping underpin the Yen today. USDJPY is holding around the 145 level, a price point which has previously...
Fresh Cuts Announced Ahead of OPEC+ Meeting Tomorrow
What is OPEC?The Organization of the Petroleum Exporting Countries (OPEC) is a collective organization of 13 oil-producing nations that aims to coordinate and unify their petroleum policies....
AUDUSD H4 | Bearish Reversal off 38.2% Fibo
TitleAUDUSD H4 | Bearish Reversal off 38.2% FiboTypeBearish ReversalPreference:Price is approaching the pivot point at 0.6717. Price may react to this high due to the 38.2% Fibo retracement level, and...
XAUUSD H4 | Bearish reversal off 50% Fibo
TitleXAUUSD H4 | Bearish reversal off 50% FiboTypeBearish ReversalPreference:Price is approaching our pivot point at 1931.09 which is an overlap resistance that aligns with the 50% Fibo retracement....
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