top_fx

top_fx

EUR/USD, H4 18 April 2024 The EUR/USD pair experienced a technical rebound from its recent lows, supported by a softening U.S. dollar. Yesterday’s Eurozone CPI data came in at 2.4%, closely aligned with the European Central Bank's (ECB) target rate of 2%. Contrasting with the recent hawkish remarks from the Fed Chair, the softer Eurozone CPI has led market...

top_fx

🔖XAU/USD, H4🔖 18 April 2024 Gold prices remained range bound as investors grappled with mixed fundamentals and geopolitical tensions. The yellow metal struggled to find clear direction amidst conflicting factors, including the Federal Reserve's hawkish stance and better-than-expected US economic data weighing on demand, countered by rising tensions in the Middle...

top_fx

💵 DOLLAR_INDX, H4 💵 18 April 2024 The Dollar Index, tracking the greenback against major currencies, saw its first decline in six days as investors engaged in profit-taking amid a shift back to a cautious "wait-and-see" stance. With Federal Reserve officials emphasising the importance of incoming economic data in shaping interest rate decisions, market focus has...

top_fx

🛢 CL OIL, H4 🛢9 April 2024 Oil prices continued their upward momentum amidst ongoing fears of supply disruptions in the market. Geopolitical tensions in the Middle East, exacerbated by the failure of ceasefire talks between Israel and Hamas, supported oil prices. Despite efforts by the US and its allies to broker peace, prospects for an immediate resolution...

top_fx

NZD/USD, H4 9 April 2024 The NZD/USD pair has rebounded strongly, retracing up to the 50% Fibonacci level after a recent pullback, and is currently testing its April high. Market attention is focused on the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision scheduled for tomorrow, with expectations for heightened volatility surrounding the event....

top_fx

USD/JPY, H4 9 April 2024 The Japanese yen faced downward pressure following reports of continued declines in real wages for Japanese workers, marking the 23rd consecutive month of decrease. This trend, indicating the impact of higher prices on consumer spending, saw inflation-adjusted real wages fall by 1.3% in February, following a revised decline of 1.1% in...

top_fx

EUR/USD, H4 9 April 2024 The EUR/USD pair maintains its upward trajectory, currently facing resistance around the 1.0866 level. The currency pair is capitalising on a reticent dollar, leveraging the anticipation surrounding tomorrow's U.S. Consumer Price Index (CPI) release to gain ground. Concurrently, market participants are closely monitoring the upcoming...

top_fx

GBPUSD H4 9 April 2024 Yesterday, the GBP/USD pair experienced an uptick, though it presently confronts a formidable resistance at the 1.2660 mark. This dynamic primarily stems from a tepid U.S. dollar performance, as market participants await the critical U.S. Consumer Price Index (CPI) data scheduled for release tomorrow. Nevertheless, the Pound's momentum...

top_fx

🔖XAU/USD, H4🔖 9 April 2024 Gold prices maintained resilience amid escalating tensions in the Middle East and stalled ceasefire negotiations. Heightened demand for the safe-haven asset persisted as geopolitical risks intensified. Market volatility is expected to remain elevated in anticipation of the US inflation report, potentially further bolstering demand for...

top_fx

💵DOLLAR_INDX, H4 💵 9 April 2024 The Dollar Index, tracking against a basket of major currencies, saw a slight retreat in anticipation of upcoming US inflation figures later this week. Despite upbeat reports on Nonfarm Payrolls and the Unemployment Rate, economists forecast a potential dip in inflation compared to the previous reading. Projections suggest a 0.30%...

top_fx

🛢 CL OIL, H4 🛢5 April 2024 Crude oil prices experienced a significant surge propelled by concerns over lower supply amidst decisions by major producers, including OPEC+, to maintain output cuts. Growing signs of economic strength in China also contributed to heightened demand for oil, underscoring the market's focus on supply dynamics amid geopolitical tensions...

top_fx

USD/JPY, H4 5 April 2024 The USD/JPY pair broke below its weeks-long consolidation range, indicating a bearish bias for the pair. Yesterday, the Bank of Japan (BoJ) chief held his first press conference following the country's first rate hike since 2007. He hinted at the possibility of another rate hike later this year if conditions permit, and reiterated that...

top_fx

EUR/USD, H4 5 April 2024 The EUR/USD pair experienced a retracement from its recent bullish rally, encountering resistance at the 1.0866 level in the last session. The Euro may have been affected by CPI readings released on Wednesday, indicating that the ECB's targeted inflation rate is within reach and suggesting the adoption of a rate reduction policy in the...

top_fx

GBP/USD, H4 5 April 2024 The GBP/USD pair faced resistance at the 1.2660 level and subsequently retraced as a result. Fundamentally, the UK's PMI readings released yesterday fell short of expectations, contributing to downward pressure on the Sterling. Meanwhile, optimism surrounding the US Non-Farm Payrolls (NFP) report scheduled for release later today...

top_fx

🔖XAU/USD, H4🔖 5 April 2024 Despite a slight slowdown in bullish momentum, gold prices maintained near-record levels as global investors treated cautiously ahead of key economic data releases. Geopolitical tensions in regions like the Middle East and ongoing crises in Russia and Ukraine, coupled with a recent earthquake in Taiwan, continued to drive safe-haven...

top_fx

💵 DOLLAR_INDX, H4 💵 5 April 2024 The Dollar Index, a gauge of the greenback's strength against major currencies, continued its downward trend, impacted by a disappointing US jobs report. The Department of Labor revealed an unexpected rise in Initial Jobless Claims from 212K to 221K, missing market expectations. This development could significantly influence...

top_fx

GBP/USD, H4 3 April 2024 Yesterday, the Pound Sterling experienced a technical rebound against the U.S. dollar, spurred by the latest U.S. job data, which slightly underperformed expectations. Despite this rebound, the Sterling's gains remain tempered. Heightened market speculation that the Federal Reserve may postpone its anticipated rate cuts has maintained a...

top_fx

🔖XAU/USD, H4🔖 3 April 2024 Gold prices continued to climb amidst weak risk appetite, driven by ongoing geopolitical tensions and anticipation of market volatility surrounding the US elections. Despite the surge in US Treasury yields, gold remained appealing to investors seeking safe-haven assets. However, concerns persist regarding the potential impact of a high...