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    DAILY MARKET ANALYSIS

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

    15 May 2024
    Forex Market Analysis: April CPI to Impact Fed’s Rate Decisions

    CURRENCIES Upcoming Release The U.S. Bureau of Labor Statistics will release April’s consumer price index (CPI) data on Wednesday morning. This crucial economic report is closely tracked by market participants for its significance to the Federal Reserve’s monetary policy path. …

    14 May 2024
    Forex Market Analysis: Gold Fell After Failing Trendline Resistance

    CURRENCIES Gold Price Technical Analysis: Recent Performance: Gold (XAU/USD) dropped on Monday after failing to break trendline resistance at $2,375 on Friday. Prices slipped back below $2,350 at the start of the new week. Potential Downside: Support zone near May’s …

    13 May 2024
    Forex Market Analysis: Labor Data Impact on USD

    CURRENCIES US Dollar Movement: The US Dollar showed indecision last week, with upcoming US Consumer Price Index (CPI) data on Wednesday poised to potentially set a clear direction. Should the CPI align with consensus, impact may be muted, but deviations …

    10 May 2024
    Forex Market Analysis: Currency Dynamics & Stock Insights

    CURRENCIES EUR/USD Overview: Recently rallied after rebounding from support at 1.0725, now testing resistance near 1.0790 where the 50-day and 200-day SMAs converge. Potential rise to trendline resistance at 1.0810 and possibly a major Fibonacci level at 1.0865 if upward …

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