FX

Gold bulls are making hard work of a tough resistance area.  The focus is on the downside to weekly support on a hold below resistance.  Further to the prior analysis, Gold Price Analysis: USD bears sink their teeth, gold breaks resistance, the break was only partial and the price has subsequently been knocked back below the

NASDAQ:IDEX drops by 6.15% amidst a broader market decline as momentum wanes. Recent acquisitions position IDEX well for the current electric vehicle revolution. Ideanomics has announced an initial order for its BYD D1 ride-hailing electric vehicles for China.  NASDAQ:IDEX has been one speculative play on the booming electric vehicle industry that has certainly paid off

Gold Price Analysis: XAU/USD supported above key $1830 area but 200 and 50 DMAs blocking further gains Spot gold prices were choppy on Wednesday, swinging between a roughly $20 range between the $1835 and $1855 levels, but still managed to close Wednesday’s session with gains of around 0.3%. Looking at the spot price over a

NYSEAMERICAN:ZOM fell 14.07% on Tuesday despite broader markets hitting new all-time highs once again. ZOM’s stock offering valued at $1.90 per share by its underwriter. ZOM is set to launch its Truforma software platform in veterinary offices in March.  NYSEAMERICAN:ZOM has been on the radar lately as one of the meme stocks that was caught

AUD/JPY fades bounce off 80.64, snapped five-day uptrend on Tuesday. Bearish candlestick formation gains major attention near the highest since December 2018. Bullish MACD, multiple tops in January will test intraday sellers. AUD/JPY drops to 80.91 during the early Wednesday’s Asian session. In doing so, the cross justifies the previous day’s hanging man candlestick formation

CCIV merger speculation keeps investors thinking! CCIV one of Reddit-driven retail stocks for 2021. Churchill Corp subject of merger speculation with Lucid Motors. Update: Churchill Capital Corp IV (NYSE: CCIV) dropped nearly 6% to settle below the $33 mark on Monday, having found strong support just above $30. The shares of the blank-check company corrected lower

WTI stays strong near January 2020 highs while extending recent bounce off $57.59. Saudi Arabia’s extra supply cut from February gets active, chatters of eroding supply glut gain momentum. American stimulus hopes, US dollar weakness add strength to the commodities. API inventories, risk catalysts become the key catalysts to watch. WTI bulls dominate near $58.00,

USD/CHF regained positive traction on Monday and was supported by a combination of factors. The risk-on environment undermined the safe-haven CHF and extended some support to the pair. Surging US bond yields benefitted the USD and remained supportive of the intraday positive move. The USD/CHF pair maintained its bid tone through the first half of

AUD/USD begins the week with a 10-pip gap to the south despite Friday’s heavy run-up. Market sentiment stays positive amid stimulus hopes, vaccine developments even as Friday’s US employment came in mixed. Wall Street benchmarks flirted with record top, US 10-year Treasury yields rose to 11-month high. No major data/events in Asia keeps risk catalysts

NYSE: GME has kicked off Wednesday’s trading with a surge of some 20% to above $100.  Bargain-seekers are jumping on GameStop Corp after it lost 60%. Retail traders on WallStreetBets have been split over the move to silver. Update: GameStop (NYSE: GME) is for a second consecutive day of moderate gains – an increase of roughly

USD/JPY dropped for the first time in eight days after hitting its highest levels since October 2020. The US dollar fell following downbeat NFP data, but yen was weighed by higher US yields and risk on. USD/JPY posted its first day in the red in eight, after the USD slumped to the bottom of the

It was a solid day at the end of what has been a very solid week on Wall Street. The S&P 500 and Dow posted five days in the green in a row. The Nasdaq 100 and S&P 500 both hit fresh all-time highs on Friday. A solid day at the end of what has

NYSE:CCIV dropped by 7% in early trade on Thursday. Investors had hoped for more news on Lucid merger.  Merger talks may yet lead to something but longer timeframe. Update February 4, GMT 19:30: While investors await an announcement on an illusive merger deal, CCIV bulls had taken the price to fresh highs on Wall Street. The price

GBP/USD bears seeking a restest of the structure.  A confluence of the 38.2% Fibo, 21-moving average and structure is compelling support.  As per the prior analysis, GBP/USD Price Analysis: Bears seeking the next corrective leg to the downside, the price did indeed melt to the downside, however, only to spike bac to test the highest

The GBP/USD pair has dipped under 1.36 ahead of the Bank of England’s Interest Rate Decision and the Asset Purchase Facility due out at 12:00 GMT. The BoE is set to leave its policy unchanged and publish its Monetary Policy Report and as we get closer to the release time, here are the expectations forecast

Spot gold prices (XAU/USD) have spent the majority of Wednesday’s session on the back foot. Strength in USD and stock markets have weighed on the precious metals. But bond mark signals are more bullish; inflation expectations have been rallying. Spot gold prices (XAU/USD) have spent the majority of Wednesday’s session on the back foot and

GME shares collapsed below $80 but rally to over $140. Robinhood raises limit on purchases to 100 shares. Mark Cuban on CNBC discusses Gamestop. Update Wednesday February 3: The shares in Gamestop (GME) stalled their brief recovery stint into Tuesday’s closing, as the stocks suffered a 60% decline on a daily basis. The shares of the

EUR/JPY is on the verge of a bullish breakout so long as monthly resistance turns to support.  The 4-hour chart is yet to offer a bullish environment for bulls to engage with. EUR/JPY bulls need to step up to the plate at a critical level of support identified on the daily and weekly charts.  The