Technical

Basic overviewCrude oil reversed all its losses from the last week of May, when the market fell, despite OPEC+ extending voluntary production cuts, with the price falling out of a full month's range. It is possible that the decline…

Basic overviewLast week, the US dollar lost strength across the board after the weak US CPI report, with the market cutting interest rates twice by the end of the year. The moves were reversed soon after as we got a slightly tougher than…

USDJPY corrected higher since the beginning of the American session, and faced resistance above the 157.40 and 157.464 levels. Buyers turned into sellers against the level.From now on, the swing zone will be nearby resistance not only…

Apple rose this week on the back of news of the company's new AII (and its product announcement at the Worldwide Developers Conference). Basically, we hope that the new AI initiatives will spark a new round of product upgrades for…

Basic overview The US dollar was sold off across the board on Wednesday following the release of a weak US CPI report. This data has prompted the market to re-price the discounts twice this year. Later in the day, we got a tougher than…

Basic overviewThe US dollar was sold off across the board yesterday after the weak US CPI report. This data has prompted the market to re-price the discounts twice this year. Later in the day, we got a tougher than expected decision from…

Basic overviewDespite OPEC+'s recent extension of voluntary production cuts, crude oil was sold off as the price broke support in the May range. However, the decline may only be technical as it gained bearish momentum on the breakout.…

Basic overviewThe US dollar returned strongly last Friday after the release of the strong US non-farm payrolls report, where the data surprised with strong growth in jobs and wages. There were also negatives such as high unemployment, but…

Basic overviewGold felt pressure from rising real yields in the latter part of May which led to it falling and consolidating around the 2340 level. More recently, data has shown that the inflation panic of the first part of the year appears…

Basic overview The US dollar received support from strong US consumer confidence data which led to a strong rise in long-term Treasury yields. However, the report showed that the labor market remains resilient which is good news for…