Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Let's Risk Some EUR/USD Here
Let's Risk Some EUR/USD Here

EUR/USD declined for the third session in a row, reaching as low as 1.1780 but managed to close yesterday’s trading above 1.18 support area.

Gold is oversold in the short term
Gold is oversold in the short term

Gold declined below its 1769 key support area yesterday and posted the lowest level since April 15 around 1755 USD/Oz, which is another support that we should keep an eye on.

Pending Orders for EUR/USD
Pending Orders for EUR/USD

EUR/USD traded within a tight range since the mid of last week with no significant action. However, the euro managed to test its major uptrend last week and hold well above that support.

Microsoft hit record high
Microsoft hit record high

These days, investors’ attention is on Microsoft ahead of the company’s Windows 11 event on June 24.

Gold: short-term trade ideas
Gold: short-term trade ideas

Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.

AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

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