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04:47

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Weaken Us economy will have affect on the dollar However the 140Bil $ Treasory Bond will be issued, that will drive the demand for US Dolar in the medium term .

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Fundamental Analysis German PMI climbed to 42.2, slightly below the expected 42.8 ECB has signaled that it will start to lower interest rates in June UK PMI also miss the expectation Technical Analysis On chart D, price reacts at 0.85824, showing strong support at this price zone (resistance was broken before). An increasing trend gradually forms If...

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Fundamental Analysis Retail sales data are lower than expected, indicating a slowdown in the Canadian economy Technical Analysis USDCAD reacted strongly at SMA20, showing that the downtrend has weakened During the 4th trading session, the price surpassed the peak of 1.3713, forming a new structure. An unsuccessful retest of the 1.3659 support zone will...

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Fundamental Analysis Weak S&P Global Business PMI data cast doubt on US economic developments amid growing expectations that the Fed could keep interest rates 'higher for longer' US Q1 GDP forecast will be announced on Thursday, expected to decrease to only 2.5%, this will weaken the US dollar and create conditions for gold to grow. Technical Analysis On...

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Fundamental Crude oil prices fell sharply after regional tensions eased. With crude oil export output to the US, falling oil prices will cause CAD to weaken Technically, USDCAD has headed towards the 1.3569 support zone, the strengthening of the USD is starting to make an impact, the USDCAD trend may reverse.

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After the Halving happen on 19-4-2024, Bitcoin making a recover from the 60000 level. However, Price history showing the shorterm effect of the Halving making price drop in the first 30 day www.proshares.com Technical 50% retracement level from the swing from 25000 to 70000 is at 50.000 . This level combine with the 200day moving average on Daily...

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Fundamental Gold make a big drop on Monday, due to the cool down of political tension in Gaza and Ukraine. Technical Gold is approaching the 2300 level. This is psychological round number level. Buyer will enter at this level . Below is SMA 200 , lie at the 2250 level. If support level 2300 broken, this level will be test.

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Gold fail to break the 2400 to the top. Indicate a lack of interest of buyer. Second reason is the heat from Middle East War has cooled down. Making Gold start to correct after a strong increasing.

01:35

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GBPUSD break through the support. Price continue its downward trend.

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BoJ policy will be announced this Friday, expected to create strong fluctuations in financial markets. Market Sideway at 153.8 to 154.8 , Price make a Spring to the downside, Upthurust to the upside will confirm a Redistribution phrase.

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Tensions between Iran and Israel cooled down after news of Israel's bombings was blocked. And there are no losses for Iran. Along with US crude oil reserves increased to 2.7 million barrels, showing that demand for oil has decreased. Technically, support zones 80.2 and 77.02 should be observed.

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NAS100 continues to correct, heading to SMA200 on Daily Chart. This is a key support level for this indices. A strong pushback will confirm a reversal

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The dollar continues to stabilize above 105.5, suggesting the dollar's price continues to strengthen amid rising political tensions. At the same time strengthen the dollar's position ahead of events.

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BoJ showed no rush to normalize policy, continuing to weaken the Yen. Chairman Powell also showed his opinion of not lowering interest rates early. This is boosting the USDJPY pair

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Gold price approached the 2400 area again but could not surpass it. Support area 2363 needs to be investigated.