Analysis

The NFP beat expectations, extending its impressive winning streak to 14. However, a closer look at the report reveals some less positive aspects. The unemployment rate saw its largest monthly increase since the pandemic, rising from 3.4%…

In recent weeks, the price of Ripple has shown an upward trend, recovering from a noticeable support level. However, there is still a crucial resistance level that must fall for the market to enter a bullish phase in the…

On the daily chart below, we can see that after a huge rally in the US dollar in May due to strong economic data and a hawkish repricing of interest rate expectations, the AUD/USD pair exited the 3-month long range. At the beginning of the…

On the daily chart below, we can see that since the reopening rumors/news in China in November 2022, copper has risen strongly as the market expected more demand for the metal also keeping in mind that China is the world's largest copper…

The outlook for XRP is currently bullish, with the recent price action pointing to an upward trend. Notably, the cryptocurrency found support at both the 100-day and 200-day moving averages and continued to rise. As a…

On the daily chart below, we can see gold selling off from a record high of 2076 as stronger than expected US economic data led the market to reassess interest rate expectations on the hawkish side. Gold is inversely correlated with real…

The number of small businesses planning to increase prices for their customers is set to increase significantly this quarter, adding to inflationary pressures. a New Quarterly Analysis of Small Business Confidence Conducted by small…

This week, we take a closer look at Ethereum, Ripple, Cardano, Tron, and Litecoin. Ethereum (ETH) Ethereum's volatility increased last week but it failed to breach the key resistance at $1,820. For this reason, the price is at a similar…

On the daily chart below, we can see that the price is struggling to break above the 12,660 resistance level as a hawkish re-pricing of interest rate expectations and negative headlines on the debt ceiling front weighs on the Nasdaq. The…

On the below daily chart for USDCAD, we can see that after bouncing back near the 1.33 handle and rising back to the 1.3553 resistance, the price action has become a bit choppy between the 1.34 handle and the 1.3553 resistance. The market…