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02 June 2022 – Gold Is Set For Further Decline

market news summary USDX hits a resistance; EURUSD signals a bounce; Crude oil shed $3; Gold is set to decline. U.S. Dollar Index (USDX) The U.S. benchmark 10-year yield hit a two-week high of 2.951% on Wednesday, with data showing U.S. manufacturing activity picked up in May 2022 as demand for goods remained strong. TheContinue Reading
Written on June 2, 2022 at 8:12 am
Categories: News Technical Analysis
Tags: Daily Report
01 June 2022 – Traders Seek Safe Havens

market news summary U.S. Dollar into correction; Traders hunt Safe Havens; Crude oil fluctuates; Euro declines. U.S. Dollar Index (USDX) The U.S. Dollar wobbled slightly yesterday but it returned to trade up this morning amid an increased tendency for safe havens. The Federal Reserve is set to start shrinking its $8.9 trillion balance sheet whileContinue Reading
Written on June 1, 2022 at 8:30 am
Categories: News Technical Analysis
Tags: Technical Analysis
31 May 2022 – Crude Oil At Two Months High

market news summary U.S. Dollar slows the fall; Treasury yields advance; Investors are seeking safety; Crude oil prices rocketing. U.S. Dollar Index (USDX) The U.S. Dollar traded up during the early trades this morning as investors are avoiding riskier investments. The Federal Reserve is set to start shrinking its $8.9 trillion balance sheet and releaseContinue Reading
Written on May 31, 2022 at 8:41 am
Categories: News Technical Analysis
Tags: Technical Analysis
30 May 2022 – USDX Hits The Lowest In a Month

market news summary Market participants prefer cash and yields over bullions, U.S. Dollar continues its losses, and the dollar index hits the lowest in over a month. Crude oil in over two months’ highs before the European sanctions meeting. U.S. Dollar Index (USDX) The dollar remains trading within its downward channel, as traders lowered FedContinue Reading
Written on May 30, 2022 at 6:36 am
Categories: News Technical Analysis
Tags: Technical Analysis
27 May 2022 – Bitcoin Trades Horizontally

market news summary The dollar was set for its biggest weekly drop in nearly four months. Bitcoin is moving horizontally as investors’ crypto appetite decreases. Oil prices dipped on Friday but stayed near a two-month high, while market participants expect OPEC+ to stick to last year’s oil production deal. U.S. Dollar Index (USDX) The dollarContinue Reading
Written on May 27, 2022 at 7:54 am
Categories: News Technical Analysis
Tags: Technical Analysis
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