The late break of 0.7807 support suggests that USD/CHF’s corrective rebound has completed. Initial bias is back on the downside this week for retesting 0.7760 first. Firm break there will resume the fall from 0.8041. Next target will be 61.8% projection of 0.8041 to 0.7774 from 0.7898 at 0.7733. Risk will now stay on the…
GBP/USD rebounded to 1.3508 last week but turned sideway since then. Initial bias remains neutral this week first. On the upside, above 1.3508 will extend the rebound from 1.3300 to 1.3657 resistance first. On the downside, below 1.3300 will bring deeper fall back to 1.3158 support instead. In the bigger picture, price actions from 1.3867…
USD/JPY edged higher to 159.64 last week but retreated since then. Rise from 155.01 is seen as the second leg of the corrective pattern from 160.71. While another rally cannot be ruled out, strong resistance should be seen from 160.71 to bring reversal. Considering bearish divergence condition in 4H MACD, firm break of 158.74 support…
The dominant story across financial markets last week was not artificial intelligence, central banks, or economic data. It was a dramatic shift in expectations regarding the future of the US-Iran conflict. Investors increasingly embraced the view that the three-month war is moving toward a diplomatic resolution after reports emerged that negotiators had drafted a 60-day…
EUR/USD’s late break of 1.1660 resistance argues that a short term bottom was already formed at 1.1575. More importantly, fall from 1.1848 could have completed as a three wave-correction. Initial bias is mildly on the upside this week for 1.1795 resistance first. For now, risk will stay on the upside as long as 1.1575 support…
In today’s GCI Market Outlook, let’s take a look at Forex Trading USDCAD, Dow Jones Industrial Average, the NASDAQ, the S&P500, Silver, XAGUSD, and Gold, XAUUSD. In our last video, we looked at 4 things to watch that might be negative for the price of gold and look what happened as price action broke out…
“Everybody is buying the index automatically,” he said, criticizing the tendency of millions of investors to allocate money into funds. Written by: Ignacio Teson • Saturday, May 30, 2026 • 2 min read • Last updated: Saturday, May 30, 2026 Add an article to your Reading List Register now to be able to add articles…
Canadian Highlights Markets swung on hopes of a Middle East truce, but the outlook remains fragile. Canada’s economy has stalled out over the past two quarters, with weak domestic demand and patchy investment pointing to subdued momentum. The upcoming CUSMA review is now central, as Canada looks to pair greater trade clarity with an energy…
EUR/USD ended Friday at 1.1640 following significant volatility during the previous session. Pressure on the US dollar emerged after reports suggested that the US and Iran had reached preliminary agreements aimed at resolving the conflict. This helped ease market concerns over inflation and the need for further interest rate hikes. According to media reports, Washington…
Market Overview The crypto market capitalisation rose by 1% over the past 24 hours, rebounding from the local lows reached the previous day, thanks to a shift towards riskier assets. However, the cryptocurrency market remains 10% below its local peak in early May and 43% below its global peak in October last year. By comparison,…