The USD Index (DXY) is currently undergoing a consolidative phase, hovering around the 103.50 zone, which aligns with the pivotal 200-day Simple Moving Average (SMA). Despite the recent bullish trend that emerged at the beginning …

Daily Market Outlook, January 31, 2024Munnelly’s Market Minute…“Focus Firmly On FOMC”Asian markets were mostly quiet as a result of numerous earnings and important data releases at the end of the month. Initially, the Nikkei 225 …

The SP500 is rising for the fourth week in a row and is up 20% over the last three months as all eyes turn to Wednesday’s Fed rate decision. Can the uptrend continue or are …

Last time we showed you how Elliott Wave analysis warned us in advance about the crude oil price crash, which took place between mid-October and mid-November. Today, we’re going to examine what has been going …

The EUR/USD is considered one of the most actively traded foreign money pairs in the world, and its actions can have a big affect on the world economic system. As such, it is necessary for …

Preliminary CPI inflation to slow down in January Investors to stick to their rate cut projections as GDP stagnates FOMC policy announcement might have a bigger impact on EURUSD   Eurozone economy avoids recession but not …

GBPCHF sees selling pressure intensify after drop below 50-day SMA and cloud Will the 20-day SMA halt the decline? Momentum indicators aren’t very encouraging GBPCHF is extending its retreat from the January peak above 1.1050, …

USDCAD retreats but meets support at 1.3410 Both the daily oscillators paint a mixed picture For the picture to brighten, a break above 1.3535 may be needed USDCAD slid in the last few days after …

For the new year, XM Chinese customer care service availability and Chinese bank withdrawal service will be in accordance with the table below: Customer care service online schedule: 12 Feb. – Online from 7:00 AM …

AUDUSD slides towards 50-period SMA A violation could open the door for ascending trendline test Oscillators tilt to the bearish side   AUDUSD has been in a slow recovery since its January bottom of 0.6524, …

Buying the USD/HKD today – Currency Strength and Weakness for Wednesday 31st January 2024 Hi Forex Trader, I make my Currency Strength and Weakness suggestions every day based on where I see the market heading …