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Silver Prices React to Market Sentiments
Solid ECN – Silver prices have recently experienced fluctuations in response to various market factors. The precious metal has shown signs of resilience after hitting a low point of slightly above $22 per ounce on January 22nd. A significant...
Geopolitics and Economics: Unraveling Oil Price Trends
Solid ECN – West Texas Intermediate (WTI) crude oil futures were trading under $75 per barrel this Tuesday. This rate is close to the peak levels observed in the past four weeks, influenced significantly by recent military actions. The...
GBPUSD Technical Analysis
Solid ECN – The pair is trading in a bullish flag pattern. However, the stochastic oscillator hovers above the overbought area. As a result, the price has tested the 50% Fibonacci level and is currently bouncing back from that level. The price will likely rise to the...
NZDUSD Technical Analysis
Solid ECN – The NZDUSD currency pair is trading around 0.61065 on Monday, above the 0.6087 support. The bulls' attempt to cross above the 23.6% Fibonacci level has failed in Friday's trading session. As a result, the bearish sentiment remains strong.
The ADX line is...
WTI Crude Rises Amid Middle East Tensions & Demand Outlook
Solid ECN – WTI (West Texas Intermediate) crude oil futures recently experienced a noticeable uptrend, stabilizing around $74 per barrel by the end of the week. This upward movement in oil prices can be attributed to several key...
EURUSD Pair Falls Amid Mixed ECB Rate Views
Solid ECN – The euro recently dipped below the $1.09 mark, reaching its lowest since mid-December. This decline is primarily attributed to the strengthening of the US dollar as investors reevaluate their expectations regarding interest rate cuts...
Indian Bond Yields Hit 4-Month Low: A Closer Look.
Solid ECN – In January, something notable happened in India's financial market. The yield on the 10-year Indian government bond dropped to 7.15%. This was its lowest point in almost four months. What caused this decline? A mix of positive...
Oil Prices Rise Amid Global Tensions
Solid ECN – WTI crude futures experienced an upward trend, reaching nearly $73 per barrel at the start of the week. This marked the third consecutive session of gains, primarily influenced by military actions in the Red Sea region. US and UK forces...
Gold Dips as Dollar Rises on US Data
Solid ECN – Gold's price fell to under $2,030 per ounce on Thursday. This drop happened as the US dollar got more robust. Good US economic news reduced expectations for more accessible money policies in March. Inflation rates were higher than expected...
USDCNH Tests Support; Bulls vs. Bears in Market Tug
Solid ECN – The USDCNH pair is testing the 7.1631 support level on the 4-hour chart. Meanwhile, the Stochastic oscillator is gradually stepping outside the oversold area, signaling a potential change in momentum. If the bulls maintain the...
EURUSD Bullish Trend Analysis and Fibonacci Resistance Levels
Solid ECN – The EURUSD currency pair has crossed above the bearish flag and is now testing the Ichimoku cloud. The ADX green line has crossed above the 20 level, signaling the emergence of a bullish trend. If the EURUSD remains...
New Zealand Dollar Balances as Rate Cut Expectations Grow
Solid ECN – The New Zealand dollar has stabilized at $0.624 after recent ups and downs. This comes as the US dollar weakens, with many expecting the Federal Reserve to cut interest rates several times this year. US consumer inflation...
Australian Dollar Rises Amid Cooling Inflation
Solid ECN – The Australian dollar climbed to nearly $0.67, recovering from its four-week low. This rise occurred despite new data indicating a slowdown in inflation. In November, Australia's CPI grew by 4.3% compared to last year, less than...
Libya's Oil Halt Boosts WTI Above $72
Solid ECN – WTI crude futures rose above $72.5 per barrel on Wednesday, extending gains from the previous session as escalating geopolitical tensions in the Middle East and halted oil production in Libya continued to support oil prices. Libya's Sharara...
GBPUSD Technical Analysis
The GBPUSD pair is currently facing challenges at the median line of the bullish channel. The RSI (Relative Strength Index) indicator remains above zero, signaling a potential uptrend continuation.
The channel's lower band supports this bullish outlook. As long as...
Euro Stabilizes Amid Eurozone Inflation and Strong US Job Market
Solid ECN - The euro maintained a steady value near $1.09. This happened as market players absorbed new information. The Eurozone showed an increase in its inflation rate. At the same time, the US job market was doing well...
USDCHF Navigates Between Bullish Channel
Solid ECN – The bull's effort to flip the price above the Ichimoku cloud continues. However, the ADX indicator hovers below the 20 level, which can be interpreted as a weak market trend. The USDCHF price should stabilize itself above the %38.2...
Swiss Franc Falls from 12-Year High
Solid ECN – The Swiss franc dropped to 0.85 against the US dollar, down from a 12-year peak of 0.841. The DXY's recovery influenced this change. Last year, the franc gained 8.5% versus the dollar, reflecting differing interest rate policies of the Swiss...
Canadian Dollar Dips Beyond 1.33 USD
The value of the Canadian dollar has recently decreased, now exceeding 1.33 against the US dollar. This decline follows a notable peak at 1.32 on December 26th, which was the highest in five months. Several factors contribute to this shift: a strengthening...
Japanese Equities Dip: Nikkei 225 Hits Two-Week Low in Volatile Trade
Solid ECN – In Thursday's post-holiday trading session, the Nikkei 225 Index experienced a significant drop, initially plunging by 2.3% and finally closing 0.53% lower at 33,288. This marked a two-week low point for the...
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