Oil prices edged higher on Friday and for the week after a strong recovery from Mondays steep slide, underpinned by expectations that supply will remain tight through the year. Currently, the market is under the influence of opposite factors. Investors are alarmed by the growing incidence of the delta coronavirus, which could lead to new blockages and put...
U.S. Treasury yields were little changed to slightly lower in choppy trading on Monday, recovering a bit from sharper falls in the Asian session and tracking shifts in risk appetite, with investors cautious as well ahead of the Federal Reserves monetary policy meeting this week. The yield curve, which can be a gauge of risk sentiment, was little changed at...
European investors are focused on the publication of the July index of the business climate in Germany from IFO, which was negative. Instead of the expected growth to 102.1 points, the indicator fell from 101.7 to 100.8 points. IFO head Clemens Fuest said that the mood in the German economy has deteriorated. Overall, German businesses fear supply chain...
The Summer Olympics begins in Tokyo, which will be held amid a worsening pandemic situation in the country and in the world. Japanese Prime Minister Yoshihide Suga met with the leadership of Pfizer Inc., where he discussed the possibility of accelerating the supply of vaccines to the country. Also, the PRC government is launching an anti-dumping investigation...
Market failed to make a Lower low and broke above previous high. The Higher high giving us clues of a shift in Market flow from bearish to bullish. ETH to moon? Recommended to buy on dips.
Gold slipped on Friday as a stronger dollar dulled its appeal and pushed the metal further from one-month highs hit in the previous session. so what to expect? Market flow is bearish, however, possible bullish movements are expected during the following sessions.
Published today June data from the US construction sector was ambiguous. The number of building permits issued fell from 1.683 to 1.598 million instead of the expected increase of 1.700 million, but the number of new homes starts grew more than the market expected, from 1.546 to 1.643 million. The strengthening of the dollar is constrained by the worsening...
Earlier today market broke above the previous lower high around 32400 and new higher high created, giving us the signs of strength in the market. We will likely see a pullback on BTC in the following sessions and it is recommended to buy the dips around 31-30K.
Oil price is suffering on the back of OPEC and allies (OPEC+) deal to boost oil supplies. Expectations of growing supplies after OPEC news and depressed demand amid rise in coronavirus cases is denting prices. Oil case study using Market structure and Wyckoff method.
NZD/USD gained strong positive traction on Friday in reaction to a stronger NZ CPI report. A subdued USD demand remained supportive of the move up amid a positive risk tone. Rebounding US bond yields, upbeat US Retail Sales data did little to impress the USD bulls. COVID-19 jitters kept a lid on any runaway rally for the major, at least for the time being
The pressure on the pair AUD/USD is increasing amid the rapid spread of the Delta coronavirus strain in Australia and the strengthening of the US dollar after the publication of inflation data in the USA. Investors remain concerned about the epidemiological situation in the country. Victoria state was locked down for five days on Thursday following a spike in...
10-year US Treasury bond yield erased its daily recovery gains. US Dollar Index stays in the positive territory after mixed US data. Possible upside correction before bearish trend continuation? However, further weakness only on break below 62%.
Dollar gains on upbeat US Retail Sales data. Gold Slips from 1 month peak. Gold case study of last week action using Wyckoff method, Market structure, Liquidity concept and SnD.
Potential bullish movements in the following days/week. Target as 155 area. It's recommend to buy the dips.
Dollar Falls as Fed's Chairman Powell Maintains Dovish Message. U.S. Treasury yields fell after Federal Reserve Chair Jerome Powell on Wednesday maintained his view that strong inflation will be temporary, even after data showed for the second day that price pressures rose more than expected in June. Gold jumped on Wednesday after U.S. Federal Reserve Chair...
Oil prices rise over 2% on Friday as the market reacted to falling U.S. inventories, and signs of strong Asian demand from both China and India added support. However, a possible pullback before upside continuation.
Gold fell on Monday in step with a stronger dollar as investors cautiously looked forward to U.S. inflation data that could influence the Federal Reserve’s timeline for easing its bond purchases. However, a gold recovered before NY closed and continued the rally during ASIAN session. Possible pullback on gold around 1801-1798 (OTE) before further upside...
A possible pullback to Orderblock before upside continuation.