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Technical Analysis

S&P Testing Highs Ahead of FOMC Minutes
S&P Testing Highs Ahead of FOMC Minutes

Powell Comments Boost The S&PThe S&P is pushing back up towards highs today on the back of yesterday’s comments from Fed chairman Powell. Speaking at the ECB’s Sintra Forum, Powell provoked a...

Gold Rallying Following Powell Comments
Gold Rallying Following Powell Comments

Gold Higher on WednesdayGold prices are looking more buoyant through the middle of the week with gold futures trading almost 1% higher on the session. A pull-back in USD is helping drive support for...

Bitcoin Selling Weighs on Ethereum
Bitcoin Selling Weighs on Ethereum

ETH Lower on WednesdayEthereum prices are trading lower through the middle of the week, tracking the moves we’re seeing in Bitcoin as the broader crypto complex softens. The move lower comes despite...

Natural Gas Futures (NG1!), H4 Potential Oversold Conditions?
Natural Gas Futures (NG1!), H4 Potential Oversold Conditions?

Natural Gas Futures (NG1!), H4 Potential Oversold Conditions?Type:Bullish ReversalKey Levels:Resistance: 2.66Pivot: 2.47Support: 2.33Preferred Case:Looking at the H4 chart, my overall bias for Natural...

FTSE Falls With UK Elections Looming
FTSE Falls With UK Elections Looming

Election ImpactThe FTSE remains under steady selling pressure today with the index falling to fresh 2-month lows ahead of Thursday’s UK general election. The core expectation is that the Conservative...

XAUUSD H1 | Bearish reversal
XAUUSD H1 | Bearish reversal

TitleXAUUSD H1 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 2353.73, a pullback resistance close to the 78.6% Fibonacci retracement level. A reverse from...

GBPUSD H4 | Bullish Bounce
GBPUSD H4 | Bullish Bounce

TitleGBPUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2608, a pullback support A bounce from this level could lead the price to rise to 1st...

Dollar Shrugs Off Weak ISM As Focus Shifts to Trump
Dollar Shrugs Off Weak ISM As Focus Shifts to Trump

DXY Higher Despite Weak DataThe US Dollar is pushing higher today, despite a set of weaker-than-forecast ISM figures yesterday. The manufacturing PMI for June was seen slipping back to 48.5 from 48.7...

Crude Rally Rolls On
Crude Rally Rolls On

Summer Demand Driving CrudeCrude prices remain well bid as we move through early European trading on Tuesday. The futures market is now up around 15% off the June lows and prices look poised to...