Analytics and Economic News
Technical Analysis
Technical Analysis of XAUUSD (4-Hour Chart)
This week, the price of gold (XAU/USD) shows a steady consolidation as the market evaluates recent economic data and global geopolitical developments.
Technical Analysis
Apple Inc (AAPL) Technical Analysis
The primary trend for Apple Inc.'s stock has been rising for almost a decade, with sporadic dips and sideways moves in between. By examining the weekly chart, we can see that the stock is trading inside of a long-term ascending channel, which is projected to carry the price upward throughout the next few months.
Technical Analysis
USD/JPY Technical Analysis
The dollar/yen continues to fall as investors anticipate both the BOJ and the Fed would tighten their policies in response to the ongoing uncertainty surrounding the US elections.
Technical Analysis
XAUUSD Technical Analysis
Gold hit a record high of $2,451 in mid-July, driven by expectations of the US Federal Reserve's loose monetary policy in the final quarter. However, statements from Fed members last week caused gold to retreat from its peak.
Technical Analysis
US Dolar Index (DXY)
The Dolar Index (DXY) saw a minor decrease to begin the week, staying at 104.2. As expectations for a Fed interest rate drop grew last week, the DXY fell to 103 but gained support from Fed members' remarks and closed at 104.
Technical Analysis
WTI Crude Oil (USOIL) Technical Analysis
For the second time this month, WTI crude oil was turned down from the $84.40 region, despite the fact that it has been rising since late June. The resistance zone's proximity to the R1 Pivot Point line didn't help.
Technical Analysis
GBP/USD Technical Analysis
The price has been rising steadily since the end of April, regularly reaching higher highs and lower lows. The price is currently close to both its last swing high and the upper Bollinger Band.
Technical Analysis
GBP/USD Technical Analysis
The GBP/USD pair extends its sideways consolidative price move for the second day in a row, remaining in a narrow range below the 1.2700 level during Wednesday's Asian session.
Technical Analysis
EUR/USD Technical Analysis
For the second time this month, EUR/USD was just rejected from the psychological handle of 1.0900, in case you missed it.