Category: Analysis
-
Gold Technical Analysis – Flash US PMIs in focus
•
Basic Overview After breaking the 2480 resistance level, gold eventually managed to extend its gains to the 2532 level as buyers flocked in. In the big picture, gold is expected to remain supported as real yields decline as we head into the Fed’s easing cycle, but in the near term,…
-
Nasdaq Technical Analysis – We have erased the growth scare
•
Basic Overview Finally, the Nasdaq managed to erase the entire decline in the Institute for Supply Management (ISM) manufacturing PMI as the market’s “growth concerns” faded. The first catalyst was the healthy US jobless claims on August 8.D In August, this eased concerns about a deteriorating labor market caused by…
-
Trade ideas thread – Monday, 19 August, insightful charts, technical analysis, ideas
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
EURUSD Technical Analysis – The risk-on sentiment weighs on the US Dollar
•
Basic Overview Yesterday, we saw strong data from the US, with unemployment claims and retail sales figures coming in much better than expected. The initial reaction was bullish for the US dollar, but after a while the market started to fade this move. The reason for this is that risk…
-
NZDUSD Technical Analysis – A more dovish RBNZ weighs on the Kiwi
•
Basic Overview Yesterday, the US PPI report came in below expectations by a wide margin, leading to a sell-off in the US dollar as the market began to prepare for a potentially weak US CPI release today. This led to a major breakout in the NZD/USD pair, which was short-lived…
-
The Crypto Silence: Trump-Musk Interview Analysis
•
The long-awaited interview between former President Trump, now the Republican presidential candidate, and current Twitter (X) CEO Elon Musk on the X platform attracted over a million listeners. However, despite the growing importance of cryptocurrencies and blockchain technology in the political landscape, there was a noticeable absence during Musk and…
-
The Crypto Silence: Trump-Musk Interview Analysis
•
The long-awaited interview between former President Trump, now the Republican presidential candidate, and current Twitter (X) CEO Elon Musk on the X platform attracted over a million listeners. However, despite the growing importance of cryptocurrencies and blockchain technology in the political landscape, there was a noticeable absence during Musk and…
-
Russell 2000 Technical Analysis – Good jobless claims quell the fears
•
Basic Overview The Russell 2000 index rose strongly from yesterday’s lows after the release of strong US jobless claims figures, as the data eased some concerns about the labor market after last Friday’s weak US nonfarm payrolls report. Market expectations for a rate cut have eased slightly but remain very…
-
Crude Oil Technical Analysis – Weak US data weighs on the market
•
Basic Overview Crude oil prices fell sharply in the latter half of last week as some very weak US data came out, first the ISM manufacturing PMI and then the non-farm payrolls report. The market eventually rebounded on Monday and extended its gains yesterday, with the appointment of a new…
-
Gold Technical Analysis – The global market rout sends gold lower
•
Basic Overview Ultimately, the collapse in global markets on Monday has been a stressor for gold. The reasons for this decline lie in the movement of real yields and liquidation due to the need for cash in extreme scenarios. In the big picture, real yields fall, which is good for…
-
Gold Technical Analysis – The global market rout sends gold lower
•
Basic Overview Ultimately, the collapse in global markets on Monday has been a stressor for gold. The reasons for this decline lie in the movement of real yields and liquidation due to the need for cash in extreme scenarios. In the big picture, real yields fall, which is good for…
-
Nasdaq Technical Analysis – The rout in the Japanese markets impacted globally
•
Basic Overview At one point, it looked like the worst was over, with the Nasdaq up nearly 5% in a single day following the Bank of Japan and FOMC decisions. Unfortunately, the next day we got the ugly US ISM manufacturing PMI, which sent the market into a defensive and…
-
Dogecoin Price (DOGE) Slips Alongside Bitcoin and Ethereum: Market Analysis
•
Ayush Jindal, one of the most prominent figures in the world of financial markets, has over 15 years of experience in Forex and cryptocurrency trading. Known for his unparalleled proficiency in providing technical analysis, Ayush is a trusted advisor and market expert to investors across the globe, guiding them through…
-
Crypto Market Sentiment Analysis: A Step-by-Step Guide
•
Crypto market sentiment analysis has become an essential tool for investors navigating the volatile cryptocurrency market. This approach combines fundamental analysis with social media trends and investor emotions to gauge market mood and predict potential price movements. By monitoring sentiment indicators, traders can gain valuable insights into market psychology, helping…
-
GBPUSD Technical Analysis – A look at the chart ahead of the BoE decision
•
Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. A good argument has been that most of the moves we have seen have been driven by debt relief as a result of…
-
USDCAD Technical Analysis – We are at a key resistance level
•
Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. One good argument is that most of the moves we have seen over the past 10 days have been driven by debt relief…
-
USDJPY Technical Analysis – The pair bounced on the key 152.00 support
•
Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. One good argument is that most of the moves we have seen over the past 10 days have been driven by debt relief…
-
Gold Technical Analysis – The short-term bias turned bearish
•
Basic Overview Gold has been on a steady decline since hitting an all-time high last Wednesday. We have seen a reversal in several other markets since last Wednesday, and it is not clear what was behind the move. Data continues to point to a resilient economy with inflation slowly falling…
-
AUDUSD Technical Analysis – The pair bounced from the key support
•
Basic Overview The US dollar remains in a bearish mood as US data points to continued strong growth with low inflation. Yesterday, we got a good US retail sales report which suggests that stories of deteriorating consumer spending are overblown. Overall, this should support a soft bearish narrative and be…