Technical Analysis
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SpaceX Isn’t Giving Up – What Could Stop the buying pressure of Musk’s “Stellar” Company?
SpaceX shares (SPCX.US) continued their upward trend on Monday, retesting the recent local highs of 12 August. A sharp rebound…
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GBP gathers strength to near 1.3550 as Fed hike bets fade, UK jobs data loom
GBP/USD drifts higher to near 1.3550 in Tuesday’s early Asian session. Traders expect just a 35% chance of a rate…
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CAD holds near early June high as rising oil prices offset modest USD strength
USD/CAD struggles to gain any meaningful traction amid a combination of diverging forces. Monday’s hotter Canadian inflation figures and rising…
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XAG/USD falls to near $65.50 amid US-Iran peace uncertainty
Silver weakens as Trump’s refusal to renew the Iran deal and naval blockades elevate global geopolitical tensions. Weak US payrolls…
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New Zealand Dollar edges lower below 0.5900 as China’s economy slows in July
NZD/USD softens to near 0.5895 in Tuesday’s Asian session. China’s Retail sales grew 0.6% YoY in July; Industrial production expanded…
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United States Dollar Index holds ground on safe-haven demand
The US Dollar Index steadies as Trump’s refusal to renew the Iran deal and naval blockades elevate global geopolitical tensions.…
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JPY remains near two-week low against US Dollar despite hawkish BoJ bets
The Japanese Yen holds onto two-week losses near 159.50 against the US Dollar. The BoJ is highly anticipated to raise…
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XAU/USD drifts lower as oil-driven inflation risks and US-Iran tensions bolster USD
Gold struggles to capitalize on a two-day uptrend amid the emergence of some USD buying. Rising oil prices keep inflation…
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AUD/JPY Price Strengthens to near 113.50, near-term outlook remain constructive
AUD/JPY gathers strength to near 113.40 in Tuesday’s early European session. The cross keeps the positive tone above the 100-day…
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Ripple and Stellar outlook – Remain under bearish pressure as corrective declines cap upside
XRP remains under pressure, gravitating below the $1 support on Tuesday. XLM extends its corrective decline, holding below $0.157 and…
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