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US Treasury yields recovered, weighing on the Nasdaq 100. USTEC plunged below EMA24 before finding support at 29200. The index sits below diverging bearish EMAs, suggesting a downtrend extension. Falling below 29200 may prompt a deeper decline toward the support at 29000. https://t.co/YwplfsseIc
The US dollar-yen rose as higher US Treasury yields offset Sep BoJ rate hike views. USDJPY retested 159.15 and retraced after holding above 158.70. The price sits between converging EMAs, signaling a sideways shift. Remaining below 159.15 may keep the price within 158.70-159.15. https://t.co/6fgBlPIU54
Improving UK GfK Consumer Confidence supported the pound-dollar. GBPUSD recovered toward 1.3650 after retesting the level. The higher swings with bullish EMAs show an upside bias. Breaching above 1.3650 may drive a rise toward the following resistance at 1.3680. https://t.co/Gl6LWwaPiw
Bitcoin prices surged as US government debt concerns and US Treasury buyback supported. Golden-crossed EMAs indicate a bullish shift. Breaking above 73000 may prompt the price to rise further toward the next resistance at 75000. https://t.co/18yHAlERYu
When you see the whole journey, you stop competing. You start actually learning. Kommon Forex talks about what it was like growing up with his longtime friend Kojo Forex and why you shouldn’t compare yourself to others who are further along in their trading journey. His advice? “So healthy competition and then collaboration is how I think you should go.”
Gold prices eased after a surge, as hawkish Fed minutes and Middle East tensions capped gains. Despite the bullish EMAs, the price remains well above them, signaling potential mean reversion. Holding below 4530 may prompt the price to pull back toward 4450. https://t.co/vM2KeSh24U
GBPJPY has bounced from the ascending channel's lower bound and maintained its bullish momentum. With a golden cross forming on the EMAs and price sitting above the 214.80 support level, the outlook remains upward. If the pair continues higher, we're looking at potential resistance at 218.00. Should it slip below 214.80, the next level to watch is 213.20. Would you buy or sell? 👇
Falling US yields boosted silver prices as risk appetite improved. XAGUSD cleared the high at 66.30 after closing above both EMAs. The price stays above EMAs, but overbought RSI warns of a pullback. Holding above 66.30 could drive a rally toward the resistance at 69.00. https://t.co/tjZPJl6WjX
Expanded US Treasury buybacks drag the US dollar index to a 3-month low. DXY broke a prior swing low before testing the support at 98.75. The index sits below diverging EMAs, showing strong bearish momentum. Closing below 98.75 may prompt a drop toward the support at 98.50. https://t.co/LVXLR5Hq5F
The US dollar-yen tumbled as lower Treasury yields weighed on the US dollar. USDJPY broke below 159.10 and 158.60, then retested 157.95. Lower swings and a death cross suggest a bearish shift. A break below 157.95 may expose 157.50. https://t.co/g0meOgVN9o
Oil prices held gains as Middle East tensions persisted. After retesting 85.70, USOIL broke below 84.65 and EMA24. The price remains between both EMAs, indicating sideways momentum. Holding below 84.65 may consolidate USOIL within the 83.50-84.65 range. https://t.co/QWTmJWeVpD
The euro-dollar advanced as firm Eurozone Headline CPI raised ECB hike hopes. EURUSD soared toward 1.1680 after breaking above a swing high. Diverging bullish EMAs show potential upward continuation. Closing above 1.1680 may prompt a rise toward the next resistance at 1.1700. https://t.co/92V2O8DAp9
Easing US Treasury yields supported risk appetite, lifting the Nasdaq 100. USTEC settled above EMA24 after retesting the support at 29400. The index sits between both EMAs, signaling a sideways shift. Sustaining above 29400 may lift the index toward EMA120. https://t.co/bzwWt8sH4Z
Higher UK Headline Inflation supported the pound on hawkish BoE views. GBPUSD consolidated within 1.3590-1.3620 after retesting 1.3620. Higher swings with bullish EMAs suggest an uptrend extension. Breaching above 1.3620 may push the price toward the next resistance at 1.3650. https://t.co/edeWM7HKGC
Gold prices rebound as the US dollar retreats ahead of the FOMC minutes, with geopolitical risks and high yields limiting upside. The price holds above diverging bullish EMAs, indicating an uptrend extension potential. Holding above 4435 may prompt the price to retest 4500. https://t.co/OzXEH0TM2q
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