Navigate the Financial Wilderness!
Navigate the Financial Wilderness!

Forex & Financial news and FxPro analytics

Cisco Wave Analysis 24 May 2024
Technical analysis
Cisco Wave Analysis 24 May 2024

– Cisco broke support level 46.70 – Likely to fall to support level 46.00 Cisco previously broke below the support level 46.70, which stopped the previous minor impulse wave I at the start of this month. The breakout of the.

Brent Crude oil Wave Analysis 24 May 2024
Technical analysis
Brent Crude oil Wave Analysis 24 May 2024

– Brent Crude oil reversed from strong support level 81.00 – Likely to rise to resistance level 84.3 Brent Crude oil recently reversed up from the support area located between the strong support level 81.00, which has been reversing the.

Nasdaq100: not yet a correction
Market Overview
Nasdaq100: not yet a correction

The Nasdaq100 index was once again the main driver of growth in US indices in May, indirectly also positively influencing markets elsewhere. On Thursday, the index was approaching the 19,000 level, adding over 11% to the 19 April lows. An.

Ethereum: too soon to say goodbye to $3000
Crypto Review
Ethereum: too soon to say goodbye to $3000

Market picture The crypto market lost 2.9% in the last 24 hours, retreating to a market capitalisation of $2.5 trillion. The market came under pressure as active trading began in the US on a fresh batch of strong economic data..

NASDAQ 100 Index Wave Analysis 23 May 2024
Technical analysis
NASDAQ 100 Index Wave Analysis 23 May 2024

– NASDAQ 100 Index reversed from round resistance level 19000.00 – Likely to fall to support level 18500.00 NASDAQ 100 Index today reversed down from the resistance area located between the round resistance level 19000.00 and the upper daily Bollinger.

EURGBP Wave Analysis 23 May 2024
Technical analysis
EURGBP Wave Analysis 23 May 2024

– EURGBP reversed from long-term support level 0.8500 – Likely to test resistance level 0.8550 EURGBP currency pair today reversed up from the major long-term support level 0.8500 (which has been steadily reversing all downward impulse of this pair from.

Upbeat PMIs brought buyers back into the Euro
Market Overview
Upbeat PMIs brought buyers back into the Euro

Preliminary estimates of European business activity indices noted an overall acceleration in the Eurozone economy better than expected, helping the Euro find temporary support as it approaches 1.08. Germany provided the biggest upside to expectations this time around after months.

Bitcoin prepares for $100K hike
Crypto Review
Bitcoin prepares for $100K hike

Market picture The crypto market is quiet, hovering around a total capitalisation of $2.6 trillion for the third day. Bitcoin has so far failed to gain a foothold above $70K, and this is curbing the enthusiasm. It is losing 0.3%.

USDCAD Wave Analysis 22 May 2024
Technical analysis
USDCAD Wave Analysis 22 May 2024

– USDCAD reversed from pivotal support level 1.3585 – Likely to rise to resistance level 1.3750 USDCAD currency pair recently reversed up from the pivotal support level 1.3585 (former strong resistance from December, February and March) intersecting with the lower.

AUDJPY Wave Analysis 22 May 2024
Technical analysis
AUDJPY Wave Analysis 22 May 2024

– AUDJPY reversed from resistance level 104.50 – Likely to fall to support level 103.00 AUDJPY currency pair recently reversed down from the key resistance level 104.50, which stopped the previous sharp upward impulse wave 3. The price formed two.

UK Inflation distanced the expected rate cut
Market Overview
UK Inflation distanced the expected rate cut

Inflation in the UK exceeded forecasts, making traders and investors cautious about the prospects for policy easing in the coming months. Consumer prices rose by 0.3% m/m vs. 0.2% expected. Annual inflation slowed to 2.3% last month from 3.2% in.

Bitcoin waits for the Ethereum story to develop 
Crypto Review
Bitcoin waits for the Ethereum story to develop 

Market picture  The crypto market cap has stabilised at $2.6 trillion after an impressive surge following the Ethereum rally. Among the top coins over 24 hours, Toncoin is leading the decline, falling 5%, while Dogecoin is leading the way with.

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