Category: Analysis

Brent crude oil: ⬇️ Sell Brent crude oil reversed from key resistance level 66.00 Likely to fall to support level 62.00 Brent crude oil recently reversed down from the key resistance level 66.00, which has been reversing the price from the start of April, as can be seen from the daily Brent crude oil chart…

Key Highlights WTI Crude Oil prices started a decent increase above the $61.50 level. A key rising channel is forming with support at $61.40 on the 4-hour chart. Gold prices managed to climb above the $3,240 resistance. EUR/USD is recovering and might aim for a move above the 1.1380 resistance zone. WTI Crude Oil Price…

Gold (XAU/USD) is testing the $3300 support level amid US Dollar weakness and geopolitical tensions. OANDA’s position book indicates many buy orders around $3300-3310, suggesting market participants are expecting further gains. Lack of High-Impact US Data weighs on the USD and Aids Gold. Gold prices have reclaimed the $3300/oz handle but there are growing signs…

BTC is less than $1,000 from its all-time highs! Bitcoin and other cryptos appreciated quite well since April 2025, from a rebound in risk assets. Fears from US tariffs were at their peak as President Trump started to put down the microphone and discuss with other foreign politicians. The US dollar as been lagging, giving…

AUDJPY: ⬇️ Sell AUDJPY reversed from key resistance level 95.30 Likely to fall to support level 92.00 AUDJPY currency pair recently reversed down from the key resistance level 95.30 (which has been reversing the price from the middle of March). The downward reversal from the resistance level 95.30 started the active intermediate correction (B). Given…

Nikkei 225: ⬇️ Sell Nikkei 225 reversed from the resistance level 38280.00 Likely to fall to support level 36000.00 Nikkei 225 index recently reversed down from the pivotal resistance level 38280.00 (former top of wave 4 from the start of this year). The downward reversal from the resistance level 66.00 created the daily Japanese candlesticks…

UK inflation accelerated more strongly than forecast, casting doubt on the likelihood of a rate cut by the Bank of England any time soon. The overall consumer price index increased 1.2% in April, the strongest monthly jump since April 2022. The annual rate of growth accelerated from 2.6% to 3.5%, the highest since January 2024.…

Market Picture Market capitalisation has risen 2% in the last 24 hours to $3.37 trillion, 8.5% below January’s all-time peaks. However, Bitcoin buyers are showing more confidence, trading above the $107k area (+2.9%). Ethereum and many other altcoins saw stronger intraday gains but still have a lot to recover after retreating significantly following the broader…

Markets Investor focus remains centered on public finances as trade wars shifted to the background following the US-Sino truce. Global yield curves extend their bear steepening run with attention obviously on the US. US President Trump’s big beautiful bill cleared another hurdle today as House Republicans reached an agreement on raising the deduction cap for…

Gold keeps firm tone and attempts to establish above $3300 level, after the price hit the highest in over one week on Wednesday morning, in extension of Thursday’s 1.8% rally. Fresh safe haven demand was fueled by further weakening of US dollar, which was also hurt by the US credit rating downgrade, while traders also…