Market News & Analysis

Market Analysis and News

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Oil prices are under pressure amid demand concerns
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18 Oct 11.12

Oil prices are under pressure amid demand concerns

Brent crude nears $74 per barrel, marking a significant weekly decline. Concerns over demand, particularly from China, and geopolitical tensions in the Middle East are influencing market dynamics.

Gold has reached above $2,700!
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18 Oct 10.25

Gold has reached above $2,700!

Gold surged past $2,700 per ounce, reaching a record high due to heightened demand for safe-haven assets and expectations of interest rate cuts. Geopolitical tensions and disappointing fiscal measures in China also fueled the increase, though strong US economic data limited further gains.

LATEST ANALYSIS
AUDUSD slid below 21-period SMA
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28 FEB clock 09:54

AUDUSD slid below 21-period SMA

The price action is currently consolidated close to short-term and long-term moving averages while the RSI and MACD do not provide strong directional signals.
Bitcoin touches above $57000
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27 FEB clock 11:54

Bitcoin touches above $57000

Bitcoin bulls briefly managed to reach above $57000, a price level last seen in late 2021, amid the larger volume in spot BTC ETFs.
This Week: EURNZD jumps towards 50-period SMA
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26 FEB clock 08:57

This Week: EURNZD jumps towards 50-period SMA

Markets predict that the Kiwi would be the most volatile against the euro this week.
BRN is under pressure, moving towards 100-period SMA
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23 FEB clock 14:46

BRN is under pressure, moving towards 100-period SMA

Oil prices have ticked lower following the release of FOMC minutes, indicating a potential delay in the rate cuts.
XAUUSD Bulls Struggle below 21-period SMA
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23 FEB clock 11:29

XAUUSD Bulls Struggle below 21-period SMA

Gold price has moved below the 21-period SMA (~2024.015) following the lower-than-expected US Initial Jobless Claims reading on Thursday (22.02.2024).
USDJPY consolidates at ~150
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22 FEB clock 10:39

USDJPY consolidates at ~150

Can USDJPY break above 150.5? Key resistance looms, while MACD suggests caution.
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