Platinum Wave Analysis

The dollar edges higher on Monday as larger bears show signs of fatigue following last week’s massive losses. Weekly close below psychological 100 support (also near Fibo 61.8% of 89.15114.72 uptrend) and probe below the floor of larger range (99.20) has generated fresh bearish signal, which requires sustained break below these levels to be confirmed, […]

The week hasn’t been pleasant for the market bulls. On Wednesday, the FOMC minutes showed the disturbing truth that ‘many’ Fed members wondered whether keeping the rates ‘high for longer’ was sufficiently restrictive to tame inflation, and if hiking the rates wouldn’t be a better idea. Then, the UK PM Sunak announced a general election […]

As we noted six days ago, European stock markets were showing optimism amid expectations that the armed conflict in Ukraine—now approaching its third year—would be resolved. During this period, the DAX 40 (Germany 40 mini on FXOpen) gained approximately 1.6%, setting a historic record. However, sentiment appears to be shifting in the opposite direction. According […]