Monday 12th June 2023: Technical Outlook and Review
The DXY chart shows a bearish overall momentum, supported by the fact that the price is below a major descending trend line, indicating a potential continuation of bearish momentum.
IC Markets Europe Fundamental Forecast | 9 June 2023
IC Markets Europe Fundamental Forecast | 9 June 2023 What happened […]
IC Markets Asia Fundamental Forecast | 12 June 2023
IC Markets Asia Fundamental Forecast | 12 June 2023 What happened […]
Friday 9th June 2023: Asian markets led by Nikkei rebound
The U.S. dollar index, which measures the currency against a basket of six major peers, was little changed at 103.34, sticking close to the more than two-week low of 103.29 reached on Thursday. Crude oil remained on the back foot on Friday following a report that the United States and Iran were close to a nuclear deal, although denials from both parties
Friday 9th June 2023: Technical Outlook and Review
Considering this bearish scenario, there is a possibility for a continuation of the downward trend towards the first support level at 102.80. This level holds importance as it coincides with a 50% Fibonacci retracement level and acts as an overlap support level.
IC Markets Asia Fundamental Forecast | 9 June 2023
IC Markets Asia Fundamental Forecast | 9 June 2023 What happened […]
IC Markets Europe Fundamental Forecast | 8 June 2023
IC Markets Europe Fundamental Forecast | 8 June 2023 What happened […]
Thursday 8th June 2023: Asian markets lag as Wall Street loses steam
Global Markets: News & Data: Markets Update: Asian stock markets are […]
Thursday 8th June 2023: Technical Outlook and Review
The XAU/USD (Gold/US Dollar) chart currently shows bearish momentum, indicating a downward trend in the market. The price is below a major descending trend line, suggesting the presence of bearish momentum.
