Archives by Month:

Archives by Year:

Bitcoin Price Consolidates Losses But Recovery Could Face Hurdles

Bitcoin Price Consolidates Losses But Recovery Could Face Hurdles

Bitcoin price extended its decline below the $65,000 support zone. BTC is now consolidating losses and might attempt a recovery wave toward $67,000. Bitcoin price declined further below the $65,500 and $65,000 levels. The price is trading below $67,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with […]
This Demand Zone In S&P 500 Needs To Hold

This Demand Zone In S&P 500 Needs To Hold

Image Source: Unsplash  Watch the video extracted from the WLGC session before the market open on 2 Apr 2024 below to find out the following: The demand zone that the S&P 500 needs to hold to avoid a meaningful pullback How the current supply and demand could affect the S&P 500 performance The likely development for the S&P 500 […]
BTC/USD Forex Signal: Caught In Narrow Range Between Key Levels

BTC/USD Forex Signal: Caught In Narrow Range Between Key Levels

BTC/USD trades narrowly; bearish over $70,000. Long at $69,699/$62,287, short at $66,480/$69,910. Watch for breakout, key US data, and Powell’s speech.My previous BTC/USD signal on 27th March was not triggered. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken prior to 5pm Tokyo time Thursday.  Long Trade Ideas Long entry after a bullish price action reversal on […]
Two Trades To Watch: EUR/USD, Oil Forecast – Wednesday, April 3

Two Trades To Watch: EUR/USD, Oil Forecast – Wednesday, April 3

Photo by Timothy Newman on Unsplash  EUR/USD looks to eurozone inflation & US services PMI dataEurozone inflation is forecast to ease to 2.5% YoY, down from 2.6%US ADP payrolls & US Services PMI in focusEUR/USD recovers off 1.0725 supportEUR/USD is holding steady after modest gains in the previous session as investors look ahead to a busy day on […]
AUD/JPY Stretches Lower To Near 98.70 Influenced By Prevailing Risk-Off Sentiment

AUD/JPY Stretches Lower To Near 98.70 Influenced By Prevailing Risk-Off Sentiment

AUD/JPY edges lower to near 98.70 during the European session on Wednesday. The prevailing risk-off sentiment bolsters demand for the safe-haven Japanese Yen (JPY). Moreover, investors are exercising caution amidst speculation that Japanese authorities may intervene in the markets to prevent a notable depreciation of the Yen.Despite this, the Bank of Japan’s (BoJ) cautious approach […]
EUR/USD Rebounds In Technical Bounce From Oversold Lows

EUR/USD Rebounds In Technical Bounce From Oversold Lows

 Image Source: Pixabay   EUR/USD is rebounding from intraday-chart oversold lows.  Eurozone inflation data on Wednesday could impact interest-rate expectations and the exchange rate.  The recovery could rise a little further but the short-term trend remains bearish.    EUR/USD is edging higher on Wednesday, making it back into the 1.0770s and extending the previous day’s rebound from […]
Daily Market Outlook – Wednesday, April 3

Daily Market Outlook – Wednesday, April 3

Image Source: Pixabay  On Wednesday, Asian stock markets are experiencing widespread losses, influenced by the negative trends in global markets. This was triggered by the rise in US Treasury yields due to strong economic data, raising worries about the future of interest rates. The latest data from the US revealed higher-than-expected growth in job openings, manufacturing, […]
Sensex Today Trades Lower; FMCG & Pharma Indices Fall

Sensex Today Trades Lower; FMCG & Pharma Indices Fall

Stocks in Asia fell Wednesday after solid economic readings and higher commodities prices spurred speculation that major central banks will keep interest rates higher for longer.Benchmarks in Australia, South Korea, and Japan declined, while Hong Kong share futures traded flat.Contracts on US equities edged lower after the S&P 500 fell 0.7% and the Nasdaq 100 […]
EUR/GBP Holds Positive Ground 0.8550 Ahead Of Eurozone Inflation Data

EUR/GBP Holds Positive Ground 0.8550 Ahead Of Eurozone Inflation Data

 Image Source: Unsplash   EUR/GBP gains ground near 0.8565 in Wednesday’s early European session.  BoE’s Bailey said the UK economy is moving towards the point where the central bank can begin cutting rates. ECB’s Holzmann said he has ‘no in-principle objection’ to a June rate cut, but wants to see more supportive data. The preliminary Eurozone […]
Silver Forecast: Slams Into Resistance

Silver Forecast: Slams Into Resistance

Silver has shown itself to be positive yet again during the trading session on Tuesday as it looks like we are threatening the $26 level. The $26 level of course is an area that a lot of people have been paying attention to for some time, and it has shown itself to be significant resistance […]