Gold rebounded from the resistance at the psychological level of 2000. The asset’s price should potentially drop to the level of 1900, next to the broken downtrend. So, let’s observe if it is going to...
Mixed Signals in Economic Data: Inflation Expectations and Labor Market Strength
The U. of Michigan data released on Wednesday showed that inflation expectations in the US remained sticky in November, blurring the benign outlook that has been adopted by the market after the dovish...
USD Sell-Off Ignites Copper Rally
Copper Breaking HigherJust a few weeks ago, copper prices were turning lower from a key resistance level and the market looked like it was heading for a fresh test of the YTD lows. Since then, copper...
USD Weakness Driving Crude Recovery
Crude Rallying on USD WeaknessCrude oil is starting the week in a healthier fashion with the crude futures extending the gains seen on Friday through early trading today. The main driver behind the...
Oil Analysis: Potential Price Rise Ahead
The price of the currency pair EUR/USD is heading up, targeting the resistance area formed between levels 1.1000 and 1.1075. The asset’s price should eventually rebound from this zone. It might either...
BCOUSD H4 | Bearish reversal off overlap resistance
TitleBCOUSD H4 | Bearish reversal off overlap resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 83.949 which is an overlap resistance that aligns close to the 38.2%...
US Inflation Report for October Alters Dollar Outlook
The latest US inflation report for October appears to have cast doubt on the prospects of a strengthening dollar in the medium term. Details from the report revealed that two crucial components of the...
Gold Ends The Week Higher On Shifting Fed View
Gold Higher Again on FridayGold prices are ending the week firmly higher with the safe-haven asset on track to record 4 winning days out of 5 this week. Following heavy selling over the prior...
Oil Slump Deepens On US/China Econ Fears
Crude Pushing LowerOil prices have broken down to fresh four-month lows this week as bearish sentiment continues to build. Crude futures are now down around 25% from YTD highs and look poised for...
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