Entries by euitsols

Eyes on Canadian Prime Minister Trudeau today after a devestating election loss in Toronto

AI imageToday is likely the beginning of the end of Justin Trudeau’s hold on Canadian federal politics. Polls have been bad for the Prime Minister for many months but they’ve deteriorated further lately and yesterday he suffered a crushing defeat.A special election was held in his Liberal Party’s stronghold yesterday after the retirement of a…

Brent Crude Oil Hits Two-Month High Amid Geopolitical Tensions

Brent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation between Israel and Hamas, which shows no sign of abating despite the involvement of international mediators backed by…

Bitcoin’s Attractive Drop

Market Picture The cryptocurrency market was falling to a total capitalisation of $2.2 trillion at the end of the day on Monday but managed to add over 2% to the lows, recovering to $2.25 trillion, down 0.5% from the day before. The technical picture in Bitcoin is almost perfect. The low price of $58.2K coincided…

USD/SGD Analysis: Range Holds as Technical Values Attract Attention – 25 June 2024

After trading at an early morning low of nearly 1.31145 the USD/SGD has climbed slightly as the currency pair continues to traverse a rather known near-term technical range.The USD/SGD pair is near the 1.35255 mark as of this writing, this after achieving a morning low which traded below yesterday’s support ratio.The USD/SGD however remains rather…