EUR/USD Rebounds After Three-Day Decline, Avoids Oversold RSI Territory
The EUR/USD currency pair has paused its three-day losing streak, managing to keep its Relative Strength Index (RSI) from entering oversold territory. However, should the RSI dip below 30, it could signal further declines, mirroring patterns observed in prior bearish trends. Key Levels and Technical Outlook EUR/USD recently failed to defend its November low of […]
Canadian Dollar Outlook: USD/CAD Surges Amid Tariff Concerns
The USD/CAD pair ended the year above the critical 1.4000 level for the first time since 2002, driven by market reactions to tariff threats from President-elect Donald Trump. While this development underscores bullish momentum in the pair, it also introduces risks for both sides of the border, particularly in the U.S. The Canadian dollar has […]
USD/CAD Rebound Pushes RSI Toward Overbought Zone
The USD/CAD pair continues its rebound from the weekly low of 1.4338, with the Relative Strength Index (RSI) inching back toward overbought territory. However, the bullish momentum may wane if the RSI fails to sustain a move above the critical 70 level. Technical Analysis: USD/CAD Price Action A potential bull-flag formation is taking shape as […]
WTI Oil Prices Surge into 2025 Amid Breakout Attempt
Oil prices have rallied more than 10% since their December lows, with West Texas Intermediate (WTI) crude threatening to break out of a six-month downtrend. This surge has drawn attention to key technical levels, as traders analyze weekly, daily, and intraday charts to navigate potential next moves. Crude Oil Technical Outlook WTI prices have broken […]
2025 Outlook: U.S. Equities Poised for Gains After Potential Pullback
The U.S. equity market has shown remarkable strength throughout 2024, with a 57% two-year gain for the S&P 500 a performance not seen since the late 1990s. With a market-friendly administration taking office and bullish momentum persisting, the conditions appear favorable for continued equity growth in 2025. However, the market’s extended rally introduces challenges for […]
Bitcoin Reaches Historic Milestone of $100,000 in 2024
Bitcoin achieved a significant milestone in 2024 by surpassing the $100,000 mark, defying even the most optimistic projections and setting a new benchmark in the digital currency world. This achievement marked a turning point for cryptocurrency, driven by pivotal events throughout the year, including the introduction of Bitcoin ETFs, the Halving event, and the U.S. […]
Canadian Dollar Faces Challenges as USD/CAD Nears 2025 with Trump Tariff Threats Looming
The USD/CAD pair is closing 2024 with its strongest annual performance since 2015, marking a pivotal moment for the Canadian Dollar as it faces multiple economic and geopolitical pressures heading into 2025. This year’s rally saw the pair climb above the 1.4000 level for the first time since 2002, driven by a confluence of U.S. […]
Gold Prices Poised for Best Year Since 2010 After Massive Rally
Gold has had a standout year in 2024, with prices surging 26%, marking the strongest annual performance since 2010 when the precious metal gained nearly 30%. The year was dominated by a dramatic rally from February to October, during which gold prices soared by 40%. A Year of Milestones for Gold Gold began 2024 on […]
Trade to Watch: Will EUR/USD Reach Parity in 2025?
As the European Central Bank (ECB) continues its aggressive rate-cutting cycle and the Federal Reserve adopts a slower approach to monetary easing, the EUR/USD is trading near 1.04. With Donald Trump poised to return to the White House, the outlook for the euro against the dollar remains bearish, raising the possibility of EUR/USD testing parity […]
WTI Oil Market Outlook: Potential for a Bullish Shift in 2025
During the latter part of Q4 2024, West Texas Intermediate (WTI) crude oil has remained firmly anchored around the $70 per barrel mark, demonstrating strong resistance against further declines. This level has proven to be a critical support, bolstered by OPEC+’s ongoing commitment to production cuts, which have now been extended into 2025. OPEC+ Projections […]
