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Daily Analysis

Welcome to our Daily Analysis page, your go-to resource for comprehensive market insights and timely updates!

Our team of expert analysts diligently examines the latest trends, news, and events across various financial markets, providing you with valuable information to make informed trading decisions.

Stay ahead of the curve with our daily market commentary, chart analysis, and trade ideas, empowering you to navigate the markets with confidence!

Oil Prices Steady Amid Geopolitical Tensions and Supply Concerns
May 07 2024

Oil Prices Steady Amid Geopolitical Tensions and Supply Concerns

WTI crude futures remained steady around the $78.6 per barrel mark on Tuesday, hardly budging from the near-two-month low of $78.1 registered on May 3rd.

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US Stock Futures Await Fed Speeches Amid Interest Rate Speculation
May 07 2024

US Stock Futures Await Fed Speeches Amid Interest Rate Speculation

US stock futures fluctuated around the flatline on Tuesday, after recording three consecutive sessions of gains.

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GBP/USD Retest Scenario: Key Levels to Watch
May 07 2024

GBP/USD Retest Scenario: Key Levels to Watch

In GBP/USD, after briefly surpassing the significant 200-day moving average level and encountering selling pressure at the also significant level of 1.2600, the price retreated below the average.

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Gold's Correction Movement: Outlook and Key Levels
May 07 2024

Gold's Correction Movement: Outlook and Key Levels

Gold, after completing its rally, has been observed to undergo a correction movement within a channel, with buying occurring at the lower band of this channel since yesterday.

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USD/JPY Rebounds Following Bank of Japan Intervention
May 07 2024

USD/JPY Rebounds Following Bank of Japan Intervention

Despite the Bank of Japan's spending of approximately $60 billion last week to intervene in the currency pair, USD/JPY has seen a rebound of about 200 pips following its retreat to the support level of 152.00.

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EUR/USD Pair Sees Short-Term Consolidation Amidst Dovish Fed Comments
May 07 2024

EUR/USD Pair Sees Short-Term Consolidation Amidst Dovish Fed Comments

The currency pair experienced a rally of approximately 150 pips, but momentum has since diminished, indicating the beginning of a short-term consolidation movement.

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Economic Outlook: Financial Markets React to Fed Speculation and Geopolitical Tensions
May 07 2024

Economic Outlook: Financial Markets React to Fed Speculation and Geopolitical Tensions

On Tuesday, gold prices surged beyond $2,320 per ounce, driven by renewed optimism that the Federal Reserve will implement interest rate reductions this year due to disappointing US job growth figures.

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Cryptocurrency Rally Amid Speculation of Fed Rate Cuts
May 06 2024

Cryptocurrency Rally Amid Speculation of Fed Rate Cuts

Major cryptocurrencies rallied on Monday as softer-than-expected US jobs data fueled speculation of potential rate cuts by the Federal Reserve this year.

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Oil Prices Rise on Indications of Reduced Supply and Geopolitical Tensions
May 06 2024

Oil Prices Rise on Indications of Reduced Supply and Geopolitical Tensions

WTI crude oil futures climbed above $78.5 per barrel on Monday, marking a slight increase from the recent low of $78.1 seen in the previous session.

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