Category: Analysis

The US Dollar has continued its year end decline after the holiday break in thin volume. Traders still holding onto the view of a dovish Fed come 2024 seeing yields also drop creating a headwind for the Greenback.

Oil prices navigate a complex landscape with geopolitical tensions and OPEC’s cohesion at stake, impacting commodities like USOIL, UKOIL, and Natural Gas.

Shiba Inu is a cryptocurrency that was first introduced as a memecoin, though it has been attracting significant attention in the crypto market these past few years.

Welcome to another edition of Technical Tuesday. In this final edition for 2023, we will get technical on the GBP/USD analysis as the pair continues to show bullish price characteristics ahead of a busy next few sessions, before the focus turns to the festive period.

The AUD/JPY registered solid gains of 0.55% on Monday, taking advantage of a scarce appetite for safe-haven assets, with speculators eyeing central bank rate cuts for the next year. Nevertheless, the Bank of Japan (BoJ) is the only outlier and is expected to keep rates unchanged on Tuesday. At the time of writing, the pair is trading at 95.72, virtually unchanged, as Tuesday’s Asian session begins.

On Friday, the GBP/JPY remains offered late in the North American session and is set to end the week in the red after the pair slumped below the Ichimoku Cloud (Kumo), which exacerbated its fall to new two-month lows of 178.33. At the time of writing, the cross is trading at 180.33.

Natural gas price confirmed its affected by the domination of the bearish bias by providing frequent closings below the broken support 2.550, to notice suffering additional losses by crawling towards 2.300 target.

Bitcoin price hit a new 2023 high on Dec.1 and multiple altcoins are following suit. Is the crypto market preparing for a Santa Claus rally?

EUR/USD Forecast: Euro could test 1.0900 ahead of the weekend

Forex technical analysis and forecast: Majors, equities and commodities