Yen May Benefit from Market Situation. Forecast as of 01.07.2024
A weak US jobs report for June could be the perfect backdrop for the government and BoJ to intervene in the Forex market. Which level will trigger action? Let’s discuss…
South African rand rallies on Ramaphosa’s new cabinet
JOHANNESBURG (Reuters) -The South African rand rallied on Monday as investors welcomed President Cyril Ramaphosa’s annou8ncement of a new coalition cabinet that includes the leader of the former opposition Democratic…
Dollar dips ahead of payrolls; euro gains on French poll results
Investing.com – The U.S. dollar slipped lower in early European trade Monday ahead of the week’s key employment report, while the euro rallied after the first round of voting in…
Oil prices lifted by summer demand hopes
By Arunima Kumar (Reuters) -Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were capped by rising output from other producers and…
Euro rallies as French far right faces tricky path to majority
By Rae Wee SINGAPORE (Reuters) -The euro rose on Monday after the first round of France’s snap election put the far-right in pole position, though by a smaller margin than…
Short-term Analysis for Oil, Gold, and EURUSD for 01.07.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the…
Trans Mountain oil pipeline just shy of target for first-month loadings
By Arathy Somasekhar HOUSTON (Reuters) – About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline,…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 01.07.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Elliott Wave analysis for Bitcoin The…
Oil prices climb on summer demand optimism
By Florence Tan SINGAPORE (Reuters) -Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter,…
Euro Takes Breather. Forecast as of 01.07.2024
French politics is no longer putting as much pressure on the euro as it used to, and new signs of a slowdown in the US economy have allowed the EURUSD…
