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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    5 June 2024
    Forex Market Analysis: Dollar Setups Amid Economic Woes

    CURRENCIES US Dollar Setups: Analyzing EUR/USD, AUD/USD, and USD/CHF. Path for a lower Dollar as economic data deteriorates. Focus on EUR/USD ahead of ECB rate cut. Dollar bulls eye lower AUD/USD amid waning risk appetite. Swiss Franc advances, overheating signals …

    3 June 2024
    Forex Market Analysis: US Jobs Data Update and ECB Rate Cut

    CURRENCIES Key Events and Predictions: ECB Rate Decision: ECB to cut interest rates by 25 basis points on Thursday. Possible timing of the next cut: Markets suggest September 12th or more likely October 17th. Importance of ECB President Christine Lagarde’s …

    29 May 2024
    Forex Market Analysis: Nvidia Surges and Dollar Remains Stable

    CURRENCIES Key Highlights: Nvidia’s stock surged by 7% overnight, boosting its market cap to over $2.8 trillion, making it the third-largest company globally. The rally places Nvidia close to Apple ($2.9 trillion) and Microsoft ($3.2 trillion). Nvidia’s AI chips are …

    23 May 2024
    Forex Market Analysis: Gold, Euro, Nvidia Analysis

    CURRENCIES Gold Forecast: Gold (XAU/USD) dropped sharply on Wednesday, holding above support at $2,375. Bulls need to defend this level to prevent a deeper retrenchment towards $2,360. Continued weakness could shift focus to $2,335, the 38.2% Fibonacci retracement of the …

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