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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!

US Crude Stockpiles Drop Bolsters WTI Crude Prices
May 16 2024

US Crude Stockpiles Drop Bolsters WTI Crude Prices

WTI crude futures climbed above $79 per barrel on Thursday, continuing their upward trajectory from the previous session, fueled by a more substantial than anticipated decrease in weekly US crude inventories, which supported oil prices.

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US Stock Futures Fluctuate Amid Mixed Economic Data and Earnings Reports
May 16 2024

US Stock Futures Fluctuate Amid Mixed Economic Data and Earnings Reports

Stock futures in the US fluctuated between marginal gains and losses on Thursday, following robust increases the previous day that pushed the three major indices to record highs.

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Pound Struggles Against Resistance Amid Dollar Depreciation
May 16 2024

Pound Struggles Against Resistance Amid Dollar Depreciation

Following yesterday's depreciation of the dollar, the pound seems to have joined the rally but encountered resistance at the descending trendline.

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Gold's Rally Faces Key Resistance Amid Data and Tensions
May 16 2024

Gold's Rally Faces Key Resistance Amid Data and Tensions

In light of the data released yesterday and the persistent geopolitical tensions, gold, continuing its ascent, faces its initial resistance level at 2395, with the subsequent level being the range of 2405-2410.

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Yen Strengthens as Dollar Weakens: Technical Analysis of USD/JPY Currency Pair
May 16 2024

Yen Strengthens as Dollar Weakens: Technical Analysis of USD/JPY Currency Pair

Despite Japan's growth data coming in lower than expected, the yen appreciated, causing the currency pair to fall below the critical support level of 155.00.

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EUR/USD Pair Sees Upward Momentum Amid Lower US Inflation Data
May 16 2024

EUR/USD Pair Sees Upward Momentum Amid Lower US Inflation Data

With inflation in the US coming in lower than expected and expectations reaching 75% for the Fed to cut interest rates in September, the downtrend in the currency pair was seen to have been broken, with upward momentum emerging.

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Market Dynamics: Dollar Weakens, Gold Rises, Japan GDP Contracts, Oil Prices Surge
May 16 2024

Market Dynamics: Dollar Weakens, Gold Rises, Japan GDP Contracts, Oil Prices Surge

On Thursday, the dollar index dipped to approximately 104.2, marking its lowest point in five weeks.

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Crypto Dips Slightly as Investors Eye Inflation Data
May 15 2024

Crypto Dips Slightly as Investors Eye Inflation Data

During Wednesday's trading, major cryptocurrencies saw slight declines amid mixed US producer price data and anticipation of the pivotal consumer price report later in the day.

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Oil Prices Volatile Despite Inventory Draw
May 15 2024

Oil Prices Volatile Despite Inventory Draw

US crude oil prices failed to maintain their early gains in Europe on Wednesday, but the recent range in the market remained intact.

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