Chart Art: AUD/JPY Testing Support Turned Resistance Zone
AUD/JPY recently fell through the floor around the 112.50 minor psychological mark and has since pulled up for a retest. Will the area of interest hold as a ceiling this time?
AUD/JPY recently fell through the floor around the 112.50 minor psychological mark and has since pulled up for a retest. Will the area of interest hold as a ceiling this time?
Headlines: Market update: WTI crude up 6% to $74.70 European stocks slide lower; S&P 500 futures down 1% NZD leads, JPY lags on the day 10-year Treasury yields up 5 bps to 4.58% Gold down 1.4% to $4,050 Bitcoin down 2.5% to $62,108 Geopolitics is back on the menu as US president Trump’s visit to Ankara for the NATO…
Standard Chartered economists Anubhuti Sahay and Saurav Anand assess India’s FY27 fiscal deficit outlook, highlighting how lower crude Oil prices reduce the risk of fiscal slippage to about 0.2-0.3% of Gross Domestic Product (GDP) versus 0.5% earlier. They cite the Economic Stabilisation Fund, reduced subsidy burden, partial excise duty rollback, and faster divestment as key supports, while noting remaining…
2026.07.08 2026.07.08 Short-Term Analysis for Oil, Gold, and EURUSD for 08.07.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, gold reached the support A of…
Tanker attacks near a key shipping route and a fresh OPEC+ supply increase are pulling oil prices in opposite directions this week. How can markets make sense of these conflicting signals, and what kind of headlines should traders be watching out for? What Actually Happened? Over the weekend, the OPEC+ approved another production increase of 188,000 barrels per day…
EUROPEAN SESSION In the European session, we don’t have anything on the agenda. The markets are still pretty much rangebound across the board although the latest US-Iran escalation led to a spike in oil prices. The US launched a series of strikes on Iran in response to Iranian attacks on three vessels in the Strait of Hormuz. Iran retaliated…
The NZD/USD pair gains strong positive traction following the Reserve Bank of New Zealand’s (RBNZ) first rate hike in three years and reclaims the 0.5700 mark during the Asian session on Wednesday. Spot prices stick to intraday gains in the wake of the central bank’s hawkish outlook, saying that further rate increases appear likely at the coming meetings. Moreover,…
The June FOMC meeting minutes could give traders a cleaner look at just how divided the Fed really is. With Kevin Warsh skipping his own rate projection and the latest dot plot still leaning hawkish, markets will be watching for clues on whether another rate hike is truly on the table. But with Middle East headlines still moving oil…
Oil jumps, dollar bid as US-Iran truce teeters; RBNZ delivers first hike in three years US oil prices jumped nearly 3% in early Wednesday trade, extending Tuesday’s gains, after fresh US strikes on Iran hit air defense, radar, missile and drone sites plus port facilities Strikes followed Iranian attacks on three tankers in the Strait of Hormuz and a…
The NZD/USD pair attracts some buyers in reaction to the Reserve Bank of New Zealand’s (RBNZ) anticipated interest rate hike and reclaims the 0.5700 mark during the Asian session on Wednesday. Spot prices, for now, seem to have snapped a two-day losing streak, though the upside potential seems limited amid geopolitical uncertainties. As was widely expected, the RBNZ decided…