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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 Dip Despite Tight Supply as Investors Eye Fed Meeting
April 29 2024

Oil Prices Dip Despite Tight Supply as Investors Eye Fed Meeting

Oil prices declined on Monday morning despite a tight supply, as investors adopted a cautious stance ahead of the Federal Reserve's policy meeting scheduled for this week, where interest rates are expected to remain unchanged.

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S&P 500 Futures Rise with Earnings Expectation and Fed Meeting
April 29 2024

S&P 500 Futures Rise with Earnings Expectation and Fed Meeting

S&P 500 futures rose on Monday morning, following the broad index’s best week in several months.

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GBP/USD Rally Nears Critical Level, Eyes Further Upside Potential
April 29 2024

GBP/USD Rally Nears Critical Level, Eyes Further Upside Potential

The rally in the GBP/USD pair continued up to the critical level of 1.2555-1.2560 range, which is significant due to both the presence of the 200-day moving average and the trend resistance.

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Gold Faces Selling Pressure but Holds Above Key Support Levels
April 29 2024

Gold Faces Selling Pressure but Holds Above Key Support Levels

At the start of the Asian session this week, selling pressure emerged in the yellow metal, although it did not breach the 2330 support level by the 4-hour close.

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BoJ Intervention Impacts USD/JPY Trajectory
April 29 2024

BoJ Intervention Impacts USD/JPY Trajectory

At the opening of the Asian session on Monday, the USD/JPY pair achieved the target of 158.60 as expected, but intervention from the Bank of Japan (BoJ) occurred at the 160 level.

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EUR/USD Pair Faces Resistance at 1.0740, Potential Uptrend Ahead
April 29 2024

EUR/USD Pair Faces Resistance at 1.0740, Potential Uptrend Ahead

The currency pair, which failed to hold above the 1.0740 resistance level on Friday, initiated an uptrend with a rebound from the 1.0670-1.0675 range.

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Dollar Index Dips, Gold Slips, Yen Rallies, and Oil Concerns Persist
April 29 2024

Dollar Index Dips, Gold Slips, Yen Rallies, and Oil Concerns Persist

The dollar index fell below 106 as investors exercised caution ahead of the Federal Reserve meeting, where interest rates are expected to remain unchanged.

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Bitcoin Holds Strong Above $64K Despite ETF Outflows
April 26 2024

Bitcoin Holds Strong Above $64K Despite ETF Outflows

Bitcoin (BTCUSD) traded close to $64K despite increased outflows from bitcoin exchange-traded funds (ETFs).

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Oil Prices Edge Up on US Economic Optimism
April 26 2024

Oil Prices Edge Up on US Economic Optimism

Crude oil prices saw a slight increase early Friday, positioning themselves to break a two-week losing streak, fueled by renewed optimism about the US economic outlook.

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