USDCHF BREAKDOWN ALERT: Decade-long support shattered – here's why this could be the start of a major move to 0.70 and below!
The Dollar-Swiss Franc pair is setting up for a potentially significant breakdown after breaking decade-long support levels since May. Both fundamental and technical factors are aligning for Swiss franc strength, creating what could be a...
The Kiwi hit multi-month lows near 0.5750 following USD strength yesterday, as the dollar index was driven by upbeat US economic data following warnings by Fed Chair just on Tuesday.
The head and shoulders (H&S) pattern on NZDUSD has broken down, targeting the golden pocket for the time being, but the PCE data could offer a breather if it cools down.
Kiwi drop...
While everyone's watching gold hit fresh records after Trump's China tariff threats, there's an overlooked opportunity in AUDUSD that could be setting up for a major breakdown.
The Australian dollar just broke key support at 0.6520 against the USD, creating a fundamental and technical alignment for further downside. With Australia sending 63% of its exports to...
After a strong rally to new records spurred by safe-haven demand and new entrants, silver is now testing critical support levels near $47‑$48 amid the recent Gaza ceasefire news, forming a classic double‑top pattern that may turn into a long-term Cup & Handle that could place price action in a handle pattern for the years to come.
🔑 Key Drivers (Silver‑focused)...
The dollar-yen pair smashed through 150 with one of the strongest breakouts recently, confirming a new technical phase as it trades above the 61.8% Fib retracement. Here’s what’s fuelling the move and what traders should watch next:
Dollar strength returned as safe haven flows dominate, even with a US government shutdown, while Japan’s new prime minister’s dovish...
Gold smashed through to new all-time highs as fundamental catalysts aligned with a technical breakout. Let's break down the historic rally and critical levels ahead.
🚀 Historic Rally Drivers
Government Shutdown Impact : Week 2 of US shutdown delays jobs data, Fed flies blind into Oct 29 meeting
Fed Rate Cut Certainty : 95% odds October cut, 85% December...
Bitcoin breaks through $120K while Ethereum retests critical $4500 resistance. Our analysis reveals why this "Uptober" rally could signal the start of the biggest altcoin surge since 2021.
🚀 Rally catalysts
US Government shutdown : Dollar weakness from political uncertainty and Fed policy paralysis
"Uptober Effect" : Bitcoin historically averages 20%+ gains in...
GBPCAD is testing a major technical zone as macro and price catalysts align. Here's what traders need to know:
Catalysts & Macro Drivers
GBP : Supported by USD weakness (US shutdown, weak data), sticky UK inflation, and Bank of England caution. November’s UK budget looms as a key event.
CAD : Under pressure from falling oil prices (oversupply/weak demand) and...
Gold hit fresh all-time highs above $3,875 as multiple catalysts converged on September 30th. Let's break down the perfect storm driving this bull run and critical technical levels ahead.
Key Market Drivers:
US Government Shutdown: Congress fails to agree on fiscal budget by tonight's deadline – no jobs data Friday, Fed flies blind into October meeting
Fed...
EURUSD experienced a classic "dovish-then-hawkish" whipsaw following the Fed's 25bp cut. The Initial dovish reaction saw the fibre surge above 1.19 to multi-year highs as the dot plot showed 50bp additional cuts vs expected 25bp in 2025. However, Powell's hawkish presser reversed gains within the hour, describing the cut as "risk management" rather than an...
Strong economic data suggest the soft landing scenario remains intact. Manufacturing strength, combined with improving employment data, appears to provide support. The Fed's dovish pivot also offers liquidity tailwinds, while the Nvidia-Intel partnership signals continued investment in US stocks.
But is the market reading the signals?
Strong employment data...
Cable faces a crucial test at 1.3500 following yesterday's triple blow from disappointing UK PMI data, hawkish comments from Powell, and concerning UK public sector borrowing figures ahead of November's Budget.
In this ThinkMarkets analysis, we break down the key technical levels as GBPUSD loses the round 1.3500 support but remains within its upward channel.
...
Gold achieved a historic breakthrough to $3,759 per ounce, potentially driven by an unusual "barbell strategy" where investors simultaneously bought risk assets while hedging against systemic risks.
On the one hand, continued expectations for two additional rate cuts by year-end supported non-yielding assets. On the other hand, political uncertainty increases as...
The Dow Jones DJIA surged to new record highs, driven by defensive sector strength and expectations of Fed rate cuts. Dow outperformed due to its heavier weighting in defensive sectors (industrials, financials, consumer staples), which are favoured during economic uncertainty and falling yields. Technical analysis suggests further upside potential, as investors...
Oil prices could drop if Trump backs down on tariffs on countries buying Russian oil, but short-term bullish catalysts, like geopolitical tensions and bullish speculative bets, may still push prices up before longer-term headwinds take...
Bitcoin is up 10% in August, driven by strong ETF inflows and a game-changing executive order allowing 401(k) retirement funds to invest in cryptocurrencies, potentially bringing trillions of dollars into the sector.
Technically, Bitcoin and Ethereum are breaking out toward multi-year highs, with BTC leading and ETH close behind—setting the stage for a possible...
The BOE faces a pivotal moment as it prepares to announce its latest interest rate decision.
With MPC members split between hawkish concerns about stubborn inflation and dovish worries over a weakening job market, expectations are swirling about the path forward.
Will the BOE signal a pause after this cut, or will inflation surprises force a more cautious,...
WTI oil prices have dropped from $65 to around $62.80 as markets react to new US tariffs on India, triggered by India’s ongoing oil trade with Russia. These tariffs, along with threats of even higher tariffs on China, are weighing on global demand and pushing oil prices lower. Meanwhile, Iran’s oil production has hit multi-year highs, adding more supply to the...
