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Oil price forecast: bearish sentiment persists with weaker demand, surplus supply

Surging U.S. crude oil inventories, unexpected gasoline growth dampen sentiment, sparking worries about China's manufacturing and oil demand....

June 1, 2023, 1:30 am

Usd/cad justifies the strongest bearish options market signals in a month to refresh weekly low near 1.3550

USD/CAD takes offers to refresh the intraday low near 1.3560 amid the early hours of Thursday’s Asian session. In doing so, the Loonie pair takes cl...

May 31, 2023, 11:59 pm

Nzd/usd price analysis: focus on multi-day-old support near 0.5980 as key us data, events loom

NZD/USD fades bounce off three-month-old descending support line, stays pressured at the lowest levels since November 2022. Oversold RSI backs correct...

May 31, 2023, 11:29 pm

Eur/usd approaches 1.0700 as usd index sees more downside ahead of us employment

EUR/USD is marching towards 1.0700 amid a sell-off in the USD index. S&P500 remained in a bearish traje...

May 31, 2023, 10:44 pm

Gbp/usd: bearish correction (b) is half completed

We see that the first wave (A) has already been built. After it, the market went down in correction (B). Wave (B) may take the form of a double zigzag...

May 31, 2023, 7:14 pm

Nzdusd moves to the lowest level since november 2022

The NZDUSD yesterday moved down to test the 50% midpoint of the range since the 2022. That level comes in at 0.60242. The low price yesterday reached ...

May 31, 2023, 4:33 pm

Why pfizer stock is perking up today

A WSJ column spotlighted Pfizer's hefty sell-off this year over its falling COVID-19 product sales. With the b...

May 31, 2023, 2:59 pm

Eurgbp short term forecast update and follow up

Hi Traders! EURGBP short term forecast update and follow up is here. On May 3rd 2023 I shared this “EURGBP Technical Analysis And Short Term Forecas...

May 31, 2023, 2:04 pm

Eur/usd: firm break of psychological 1.07 support to open way for further weakness

The Euro came under renewed pressure and fell to new nine-week low on Wednesday, bringing larger bears back to play after brief consolidation above 1....

May 31, 2023, 2:03 pm

Usd/jpy mid-day outlook

Daily Pivots: (S1) 139.26; (P) 140.10; (R1) 140.62; More… Intraday bias in USD/JPY remains neutral for consolidations below 140.90. Downside of retr...

May 31, 2023, 1:54 pm

Gold, silver, platinum – platinum dives 2.7% as china's manufacturing sector remains under pressure

China's Manufacturing PMI declined from 49.2 in April to 48.8 in May, which was bearish for platinum ma...

May 31, 2023, 1:14 pm

Oil plunges under $70, downside risks ahead for dbo

Oil prices have dropped sharply in recent weeks due to concerns about global economic growth and a strong U.S. dollar. The Invesco DB Oil Fund ETF is ...

May 31, 2023, 10:26 am

Trinseo's dip, has something changed or is it just a down cycle

Shares of Trinseo NYSE: TSE have suffered a bearish spell since their initial decline in March 2021, ...

May 31, 2023, 10:11 am

Gbp/usd: bearish correction (b) is half completed

It is assumed that the GBPUSD pair can build a corrective cycle wave IV. Perhaps this correction takes the form of a triple zigzag of the primary degr...

May 31, 2023, 9:48 am

Dax set for a bearish open on weak china pmis and debt vote jitters

It is a busy day for the DAX. China PMI numbers set the tone ahead of German economic indicators. However, US debt ceiling news will be the key. The p...

May 31, 2023, 9:44 am

Gbp/usd forex signal: stuck in range ahead of beige book

bearish view Sell the gbp/usd pair and set a take-profit at 1.2310. Add a stop-loss at 1.2480. Timeline...

May 31, 2023, 9:14 am

Eur/usd forex signal: hammer pattern points to brief rebound

Bullish view Buy the eur/usd pair and set a take-profit at 1.0830. Add a stop-loss at 1.0675. bearish v...

May 31, 2023, 9:14 am

The spy prints reversal signal ahead of debt ceiling discussions, house vote: what to watch - spdr s&p 500 (arca:spy)

The SPDR S&P 500 SPY popped up above heavy resistance at $420.76 briefly on Tuesday but closed under the level, printing a ...

May 31, 2023, 8:49 am

Aud/usd price analysis: bears resume amid poor chinese data

The Australian dollar declined due to a surprise deterioration in Chinese factory activity. In April, Australian consumer prices rose more than antici...

May 31, 2023, 8:14 am

Gbpusd: bearish correction (b) is half completed.

It is assumed that the GBPUSD pair can build a corrective cycle wave IV. Perhaps this correction takes the form of a triple zigzag of the primary degr...

May 31, 2023, 7:59 am


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