Brent Crude Oil Analysis: Bulls Hold the Line at Key Support

Key Highlights AUD/USD extended losses and tested the 0.6440 support. It recovered above a connecting bearish trend line with resistance at 0.6480 on the 4-hour chart. Bitcoin extended gains and traded to a new all-time high above $94,000. EUR/USD is correcting losses and trading near the 1.0550 zone. AUD/USD Technical Analysis The Aussie Dollar started […]

Gold has hit a glass ceiling at $2525 an ounce on the spot market, which it has been battling against for the past two weeks. A series of smaller and smaller pullbacks and more frequent rallies to the resistance indicate impressive buying pressure. Under these conditions, we should expect a breakout to the historical highs […]

Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB members are probably enjoying their hard-earned holiday break, the […]