Monthly Archives: June 2025
U.S. Dollar Gains Momentum Ahead of Key Jobs Data Amid Improving Risk Sentiment
Written on June 4, 2025 at 6:48 am, by
Key Takeaways: *The U.S. dollar gained ahead of today’s ADP job data as the JOLT’s Job Opening data came beating market expectations. *Better-than-expected U.S. economic indicators bolster Wall Street sentiment. Market Summary: The U.S. dollar strengthened in the previous trading session as markets positioned themselves ahead of today’s crucial ADP employment report, a key precursorContinue Reading
Chart the Market (03/06/2025)
Written on June 3, 2025 at 7:28 am, by
NZDUSD, H4: The NZDUSD pair has confirmed a significant bullish trend after finding strong support at the 61.8% Fibonacci retracement level (0.5940) and subsequently breaking out to fresh two-year highs above 0.6050. This decisive upward move suggests a structural shift in favor of continued appreciation, with the breakout potentially marking the beginning of a newContinue Reading
Chart the Market (02/06/2025)
Written on June 3, 2025 at 7:27 am, by
ETH, H4: Ethereum’s price action has taken a concerning turn following its recent rejection at the $2,761 resistance level. The cryptocurrency’s subsequent 10% decline signals a potential trend reversal, with technical indicators now flashing warning signs for bulls. This false breakout pattern carries particular significance as it occurred at a key psychological level, potentially trappingContinue Reading
