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Market Analysis

EUR/USD Inches Higher

May 11, 2021

The Euro is moved slightly higher against the US Dollar during Monday’s session, however gains were capped by firm Treasury yields. These have returned to the same levels they were prior to...

NZD/USD Retreats Below 0.7300 as Bulls Fight with a Two-Month Barrier

May 11, 2021

Talking Points: NZD/USD revisits intraday low following an early rocky trading session in Asia. The momentum line suggests a short-term correction of gains close to the multi-day high. Continued...

Crude Trading Higher After Ransomware Cyber Attack

May 10, 2021

Refined product prices this morning are trading slightly higher, after the Colonial pipeline in the US was temporarily shut following a ransomware cyberattack on Friday. This pipeline is of...

SPX500 Elliot Wave Cycle Trend To Complete Near 4643.1

May 10, 2021

  The SPX500 index looks to be forming a large impulse V of a cycle degree. At the time of writing, the impulse V has completed the primary sub-waves (1)-(2)-(3)-(4). From November 2020 onwards,...

The Dollar’s Share of Global Foreign Exchange Reserves Has Fallen to a 25-Year Low

May 7, 2021

The share of US dollar (USD) reserves held by central banks fell to 59%, its lowest level in 25 years, during Q4 of 2020, according to the IMF’s Currency Composition of Official Foreign Exchange...

All Eyes on the Federal Reserve as Dollar Holds 2-Week Highs

May 6, 2021

The dollar (USD) was lingering below a two-week high on Thursday, consolidating ahead of the Non-farm Payroll (NFP) that may provide some idea on when the Federal Reserve will dial back monetary...

Dogecoin’s (DOGE) Target of Hitting 1 USD Appears Unstoppable.

May 5, 2021

Talking Points: DOGE has just hit a new record high of 0.495 USD. DOGE’s network activity has also increased again. The crypto coin appears to have little resistance ahead. DOGE has achieved a...

Binance (BNB) Targets $600 and Potentially Higher

April 28, 2021

Talking Points: BNB witnesses a fall in bullish momentum following a 15% uptrend. A small retreat towards 520 USD or lower may provide buyers with the chance to buy-in. The supply territory between...

Global Economy Poised for Rapid Recovery

April 27, 2021

The global economy looks set to recover this year, from the turmoil brought on by the coronavirus pandemic, at a pace not seen since the 1970s, as strong momentum is beginning to build in most major...

Stellar (XLM) Is on the Verge of a 200% Rally

April 22, 2021

Talking Points: XLM is testing a 3-day demand territory between 0.453 USD and 0.546 USD. A successful climb above this could launch XLM to huge gains. If the support level at 0.422 USD is broken, XLM...

Corn at its Highest for 8 years, Buoyed by Poor U.S. Weather Conditions

April 22, 2021

Chicago corn futures gained more ground on Thursday, with prices jumping to a new eight-year high as cold weather in the United States and declining crop conditions in Brazil raised worries over...

Weaker USD Continues to Support Brent Crude

April 20, 2021

U.S.Dollar weakness continues to offer support to the commodities complex, with the USD index trading down to its lowest levels since early March. This has helped to push ICE Brent back above US$67...

Asian Shares Up Following China’s Gains

April 20, 2021

Asian shares rose early in Tuesday’s session, led by a stronger Chinese opening, despite the slight dip resulting from Wall Street’s losses. The US dollar continues at multi-week lows against...

Ripple (XRP) Bulls Are at a Turning Point.

April 13, 2021

Talking Points:  XRP broke out of a bull pennant on the 10th of April, with a target of 1.58 USD. If buying pressure continues, XRP could rally by another 16% to 1.68 USD. The Momentum Reversal...

Will the Pound Rebound vs the US Dollar This Week?

April 12, 2021

The GBP/USD exchange rate fell towards the end of last week as Sterling got caught by traders’ profit-taking, but these declines levelled out near a long tested support level by Friday’s close. ...

THETA Moves Closer to a 45% Upward Breakout.

April 7, 2021

Talking Points: ● THETA is consolidating within a bullish pennant, suggesting a breakout will happen soon. ● THETA bulls need to break through two vital resistance barriers at 12.9 USD and 15 USD...

OPEC’S Easing of Oil Output sees Crude Take a Slide

April 5, 2021

Oil prices slid on Monday, after strong gains made in the previous session after OPEC+ agreed last week to slowly ease some of its production cuts between May and July. Brent crude futures for June...

Good Fridays Positive NFP Report Led Stocks to Rally

April 5, 2021

Global stock prices climbed to a 1.5-month high early in Monday’s session after data showing a surge in US employment. However, short-dated US bonds came under pressure after worries that the...

Cardano (ADA) Is Ready for a 43% Upswing.

March 30, 2021

Talking Points: ● ADA starts consolidating in an ascending triangle pattern. ● A solid close above 1.18 USD suggests a 20% upswing is on the cards. ● If ADA bulls are unable to hold the demand...

Australian Iron-Ore Exports Surge through $100 Billion

March 29, 2021

Australia expects to re a record A$136 billion ($103.85 billion) from iron ore exports this financial year, as global steel-making recovers after a COVID-19 led downturn, a government report has...

Vaccine Roll-out Aids US Dollar’s Gains

March 29, 2021

The dollar had a great start to the week, almost reaching milestone peaks against the euro and yen early in Monday’s session, as US economic strength and haste of vaccine roll-outs have been much...

Ethereum (ETH) Slides Towards 1,400 USD as the Crypto Market sees a Generally Decline.

March 25, 2021

Talking Points: ● ETH has hit a wall just above 1,700 USD, opening the way for potential losses below 1,600 USD. ● According to the moving average convergence divergence (MACD), the least...

Litecoin (LTC) Could See a 15% Crash.

March 22, 2021

Talking Points: ● LTC has created a head and shoulders pattern on the 4-hour chart suggesting a bearish outlook. ● If LTC breaks through the neckline at 191.86 USD, a 15% fall towards 160 USD...

Aramco Losses Hit a Staggering 44% in 2020

March 22, 2021

Saudi Aramco had a torrid 2020, a lot like every other major oil company. But Aramco isn’t just any other ordinary oil company — it’s the world’s largest, and Covid-19’s...

Traders Rush to Safe Haven Currencies After Turkish Lira’s Slump

March 22, 2021

The Australian and New Zealand dollars weakened against the US dollar on Monday as a plunge in the Turkish lira dampened investor appetite for risk as a week of losses for oil and iron ore also hit...

As Australian Oil refineries Continue to Shutdown, Asia’s Big Hitting Exporters are Licking Their Lips at the Prospect

March 16, 2021

Asian fuel exporters are hungrily eyeing Australia as the country’s shutdown of almost all its refineries creates a bright demand spot amid otherwise coronavirus crimped markets. China seems to be...

Polkadot (DOT) May Fall Another 25% Due to Bearish Sentiment.

March 16, 2021

Talking Points: ● DOT confirmed a bearish breakout from an ascending triangle pattern on the 15th of March. ● DOT has fallen by 7% since it broke through the triangle’s bottom line and may...

Chinese Industrial Output Continues Recovery

March 15, 2021

China’s industrial output growth is up in Q1, beating expectations, as the vast manufacturing sector started 2021 on a firm footing and the economy consolidated its brisk recovery. Retail sales in...

Dogecoin (DOGE) Is on the Brink of a 90% Upturn.

March 11, 2021

Talking Points: ● DOGE is at the end of consolidation in a bullish pennant pattern. ● A solid close over the pennant at 0.061 USD could lead to a 90% upturn. ● The Tom DeMark (TD) Sequential...

European Markets Close Higher on Tuesday

March 10, 2021

European stocks closed higher on Tuesday as traders monitored U.S. bond yields and new earnings releases. The pan-European Stoxx 600 gained 0.8% during the session, with utilities climbing 2% and...