Date Archives

Year: 2023

June 19, 2023

Oil prices drop amid China growth concerns. As concerns about China’s economy trumped OPEC+ output cutbacks and the seventh straight decline in the number of...

Hang Seng Outlook: Bullish Momentum Building

June 19, 2023

HANG SENG WEEKLY SCENARIO HANG SENG TECHNICAL ANALYSIS: WEEKLY CHART In the weekly chart, Hang Seng is trading in the down channel. Hang Seng is...

EUR/USD under Pressure, Focus on ECB Speech

June 19, 2023

Pressure on EUR/USD below 1.0950, ECB speech in focus. FUNDAMENTAL OVERVIEW On Monday, the EUR/USD is trading below 1.0950 while being defensive. The resurgence of...

ECB and BOJ Drive Yen to 15-Year Low Against Euro

June 16, 2023

ECB and BOJ rate decisions drive the yen to a new 15-year low against the euro In contrast to the European Central Bank’s (ECB) rate...

ETH/USD Weekly Outlook: Downward Trend Continues

June 16, 2023

ETH/USD WEEKLY SCENARIO ETH/USD TECHNICAL ANALYSIS: WEEKLY CHART In the weekly chart, ETH/USD is trading in the down channel. ETH/USD is currently trading below 5&20...

S&P 500 Futures Rise, Best Week Since March

June 16, 2023

The benchmark S&P 500 futures are moving up as it approaches its best week since March. With the Federal Reserve pausing rate rises, as investors...

Gold Rebounds, Breaches $1,960 Level

June 16, 2023

Gold increases from a multi-month low and returns to above $1,960. FUNDAMENTAL OVERVIEW The gold price continues to rise on Friday after making a little...

Disney in Downward Trend, Testing Support Levels

June 15, 2023

DISNEY WEEKLY SCENARIO DISNEY TECHNICAL ANALYSIS: WEEKLY CHART In the weekly chart, Disney is trading in the down channel. Disney is currently trading below 20&50...

Hang Seng Index Rises on Stimulus Optimism

June 15, 2023

Hang Seng Index Rises on Optimism for Stimulus The Hang Seng Index and the larger Asian markets had a positive morning. Chinese economic data did...

GBP/USD Gains Momentum Above 1.2650, US Data in Focus

June 15, 2023

GBP/USD turns neutral above 1.2650, with attention to US data. FUNDAMENTAL OVERVIEW During European trading hours, the GBP/USD currency pair is gaining ground above 1.2650....