Markets

Chart of The Day – Bitcoin

Bitcoin continues to consolidate near record highs above $109,000. The market’s enthusiasm is driven by Bitcoin’s growing popularity among institutions…

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Trade of The Day – GBP/USD

Facts:GBPUSD broke below the lower limit of 1:1 structure at 1.3483The pair is trading below 100-period moving average from H1…

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Gold price seems vulnerable below $3,300 amid modest USD strength

Gold price turns lower following an Asian session uptick amid some follow-through USD buying. A positive risk tone further undermines…

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Expectations for Higher OPEC+ Output Weigh on Crude Prices

July WTI crude oil (CLN25) Tuesday closed down -0.64 (-1.04%), and July RBOB gasoline (RBN25) closed down -0.0275 (-1.32%). Crude…

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Forecasts for Warm US Temps Boost Nat-Gas Prices

June Nymex natural gas (NGM25) on Tuesday closed up by +0.064 (+1.92%). June nat-gas prices on Tuesday recovered from early…

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DAX Nears ATH Despite Poor Automakers Sales

European automaker shares declined Tuesday following disappointing regional car sales data showing drops in new registrations across major markets including…

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Risk Sentiment Picks Up as Bonds Come to The Fore

Bond yields are falling this morning, easing fears of a sovereign debt crunch for some of the world’s most indebted…

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Trade of The Day – AUD/USD

Facts:AUDUSD is trading in an upward trend from 16th of mayThe pair bounced off the key support at 0.6465 Recommendation: Trade:…

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Mid Morning Market Update

Markets in the Asia-Pacific zone are gaining during Tuesday’s session after yesterday, during somewhat limited trading due to a holiday…

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US Dollar Index Hovers around 99.00, with a persistent bearish bias

The US Dollar finds primary support at the lower boundary of the descending channel around 98.70. Technical analysis indicates a…

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