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Markets Markets took a slow start to the trading week as the risk rally fizzled and with UK markets closed for May Day holiday. The German Dax’s outperformance (+1.1%) was exception to the rule. The index is just a session away from breaking the previous all-time high set in March, implying full retracement on the […]

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18/06/2024

Dollar Took a Breather But Shows Resilience Despite More Constructive Risk Sentiment

Markets The European risk-off from last week shifted into a lower gear. Markets pondered comments from Marine Le Pen of the far right Rassemblement National as she indicated she would respect France’s institutions and was prepared to cooperate with President Macron after the elections. Bunds returned part of their safe haven gains with yields rebounding […]
20/05/2024

Gold Unlocks Another Record High

Gold advances above sideways channel 20- and 50-day SMAs tick up MACD and RSI suggest more upside pressure Next target at 261.8% Fibo extension of 2,515 Gold prices skyrocketed to another fresh high of 2,450 earlier in the day, currently holding above the previous peak of 2,431.48. This movement may be a sign of further […]
13/01/2025

GBPUSD Wave Analysis

GBPUSD broke key support level 1.2300 Likely to fall to support level 1.2100 GBPUSD currency pair recently broke the key support level 1.2300 (former multi-month low from April of 2024, as can be seen below from the daily GBPUSD chart below). The breakout of the support level 1.2300 accelerated the active medium-term impulse wave (3). […]