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Looking ahead, the U.S. Dollar Index is poised for volatility. Key upcoming data, including the personal consumption expenditures price index and Fed Chair Jerome Powell’s Senate testimony, will be critical. If inflation figures remain high, it could signal a more aggressive Fed approach, potentially bolstering the dollar. However, any indications of easing...

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The Asian markets tracked the US equity markets into negative territory. The Middle East conflict continued to weigh on market risk appetite. Fears of a wider regional conflict impacted the US equity markets on Friday. A pullback in 10-year US Treasury yields failed to calm the markets, with yields remaining elevated by historical standards. On Friday, the Dow...

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In the immediate future, gold’s trajectory seems uncertain, swayed by the opposing forces of geopolitical tension and economic fundamentals. Although the market anticipates the Federal Reserve to continue its rate hikes, these could be balanced out by developments in the Middle East and upcoming economic data. Therefore, traders should brace for continued...

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we are seeing head and shoulder pattern .neck line broken earlier and i think that there would be a good situation for short position . please notice this analysis and let me have ur comments .thanks

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The CHF/JPY is a major cross-currency pair and is most widely traded during the Asian and European sessions. With the Swiss economic and political environment considered stable, demand for the Swissie spikes during periods of geopolitical and economic uncertainty in Japan and beyond. The pair closely follows the EURJPY pairing. While a liquid paring, total...

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technical view:the Quasimodo pattern formed as targets of this pattern are depicted on the chart fundamental view: Given the current economic landscape, mixed signals from major corporations, the looming rate hike uncertainty, and the escalating U.S.-China tech feud, markets are poised for heightened volatility. The overall sentiment leans bearish, with...

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technical view : please pay attention to 15600 level and wait for breaking this level .if this level broken then enter long toward tp's. we see at the moment both wolfe wave pattern and dip-down pattern to form a nice confluence and waiting for 15600 break. fundamental view: A more hawkish Fed policy outlook and the threat of a higher-for-longer Eurozone interest...

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at this point we probably have a scenario where we are looking for buyers in this general vicinity, but it’s worth noting that there seems to be a lot of fear out there, and that could work against the Aussie over the longer term. it will be interesting to see how this plays out. If we turn around and rally from here, it’s not until we break above the 0.6520...

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Fed’s hawkish tilt, U.S. dollar strength and inventory drawdowns shape crude oil prices; OPEC production cuts deepen market apprehensions. Despite these challenges, the decline in oil prices was moderated by ongoing concerns over tight global supply as we head into Q4. Stock levels at Cushing, the WTI delivery point, have reached their lowest since July 2022. The...

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Brent futures and WTI crude surge, echoing OPEC’s bullish demand outlook and tighter global oil inventory projections. Tightening supply concerns remain at the forefront of the oil price surge. Libya, an OPEC member, recently closed four eastern oil export terminals due to a severe storm. Additionally, Saudi Arabia and Russia have extended their voluntary supply...

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The crypto market capitalisation declined by 0.66% to $1.038 trillion, showing several waves of decline with increasingly lower local lows. this is a sure sign that the bears are in control, and the pressure seems to be coming from the stock market, as the institutional favourites that are losing the most so far are Bitcoin (-1.1%), Ethereum (-0.9%) and XRP...

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Amid China’s promising economic data, XAU/USD spot values surged, though gold faces challenges with rising global rates. -----Highlights Gold prices rise as dollar weakens against the yuan, fueled by strong Chinese economic data. Potential U.S. rate hikes cast a shadow, making investors wary despite positive signs. Robust U.S. economic data may delay anticipated...

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Despite major crude oil supply cuts, U.S. dollar resurgence and China’s recovery fears curtailed bullish trends. Short-term Forecast While the extended supply cuts and the recent U.S. inventory draw provide some bullish sentiments, the evolving economic landscape, especially in China, and possible Russian export boosts due to seasonal refinery maintenance, present...

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Highlights Wall Street heaved a collective sigh of relief on Friday, interpreting rising U.S. unemployment figures as a buffer against tighter Federal Reserve policies. The U.S. unemployment rate jumped to a surprising 3.8%, defying the economist forecast of 3.5% and marking its highest point in over a year. ISM data indicated a smaller-than-expected contraction...

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confluence of dip-down pattern and wolfe wave pattern wait to see the result

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confluence of wolfe wave pattern and dip-down pattern see what would be the result

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This week’s Crude Oil price action highlights the balance between China’s waning demand, OPEC+ production cuts and U.S. rate hike concerns. Highlights: China’s decelerating economy poses concerns for global oil. OPEC+’s production cuts aim to counteract demand slowdown. U.S. crude stocks slide, hinting at a tighter supply scenario. In recent Asian trading...

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index reacts to trendline and resumes its upward move expecting to go higher .theoretical path is drawn based on Fibonacci pinball theory introduced by Avi Guilbert.