Gold and WTI Crude Oil Prices Target Fresh Gains

S&P 500 continues daily uptrend Likely to rise to resistance level 5675.00 S&P 500 Index recently reversed from the support area between the key support level 5500.00 (former resistance from June) and the 38.2% Fibonacci correction of the previous upward impulse from May. The upward reversal from this support area will likely form the daily […]

EURJPY remains resilient above pivotal territory Some recovery likely, but short-term risk not bullish yet Eurozone Q2 GDP growth +0.3% q/q vs +0.2% q/q expected EURJPY is making another attempt to pierce through the 168.00 level and the support-turned-resistance trendline from February at 168.17. Although previous efforts were fruitless, the pair keeps defending itself above long-term trendlines for […]

The Canadian labour market’s solid job gains carried over into 2025, with 76k new jobs beating expectations. Job gains were split between full (+42.3k) and part-time (+38.6k) positions. The healthy job gain pushed the unemployment rate down another 0.1 percentage point to 6.6%. Following a period where labour force growth was outpacing job creation, the […]