On Thursday, the Dow Jones Index gained 221 points in the global market. The recent crisis between U.S and China trade war seems to be off the table as Trump eases his stance on new Tariffs. Moreover, the FED has also indicated they are willing to keep the interest rate [...]
Crude oil price struggled hard to clear the resistance at 58.68 for two consecutive times. However, the crude bulls finaly managed to clear the resistance at 58.68. The bulls are currently eyeing for the critical resistance at 59.76. A daily crossing of the price above that level might push the [...]
Bitcoin price sharply fell in the global market after hitting the major resistance at $7640.2. From that level, the BTC/USD pair started its bearish correction. The pair found some decent support at $7166.8. Any bullish price action signal might bring the bitcoin price towards the critical resistance at $7640.2. A [...]
After rejecting the critical resistance at $1489.52, the gold price dropped towards the trend line support at $1466.92. The strong rejection of the support at $1466.92 and a dovish statement from the FED officials have fueled up the bulls. If the yellow metal bulls gain control from this level, we [...]
DAX Index managed to regain the bullish momentum after testing the critical support at 12902.57. Things went positive for the German DAX after Trump showed interest to delay the tariffs on EU cars. Though the market sentiment is slightly bullish, DAX Index needs to clear some major resistance. Currently, the [...]
On Wednesday, FED chairperson Jerome Powell delivered a dovish statement. Based on his statement, it’s very obvious FED has no interest to hike the interest in 2020. The GBPUSD pair was struggling to clear the resistance at 1.3168. But the bulls surged through this resistance zone after FOMC meeting minutes. [...]
FTSE 100 started its bullish rally after finding strong support at 7139.03. From that level, the FTSE 100 index gained decent bullish momentum and tested the resistance at 7244.83. The Footsie bulls tried to breach the resistance at 7244.83 during the FOMC economic projection. Soon the bears took control of [...]
On Wednesday, the U.S dollar index which measures the overall value of the green buck’s strength slipped lower. FED Chair Jerome Powell showed interest not to change the interest rate in 2020. Such a dovish statement refueled the EURUSD bulls. EURUSD price breached the critical resistance at 1.1093 on this [...]
