Day: November 23, 2022
The BTC is recovering and looking good: the leading cryptocurrency has returned to 16,582 USD upon falling below it. However, the whole situation is troublesome. We may suppose that the current pullback is purely technical because fundamentally speaking, the market is stressed. Genesis keeps fighting for its life. The company has hired counselors to work […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of a correctional wave to 1.0325. Today the quotes may escape the correctional channel and continue falling to 1.0224. Then the pair should grow to 1.0270 and fall to 1.0222, from where the wave may continue to 1.0222. The goal is local. GBPUSD, […]
Daily Market Outlook, November 22, 2022 Overnight Asian markets traded with a mixed tone taking the baton from similar action seen on Wall Street, with US indices whipsawing intraday before closing broadly unchanged. Overnight Chinese authorities issued orders for closure of museums and parks across Beijing and increased mass testing across more major cities. The […]
AUDNZD Breaking Lower The reversal lower in AUDNZD from YTD highs has seen the pair shedding around 6%. The recent RBA pivot has been the main driver behind the move. With the RBA cutting back the pace of its tightening program, sentiment has swung in favour of NZD for now, with the RBNZ widely expected […]
Technical & Trade View NZDCAD Trade VieW Bias: Bullish Above Bearish below .8190/60 Technicals Primary support is .8190/60 Primary upside objective .8400 Weekly Trendline Next pattern confirmation, acceptance above .8285 Failure below .8150 opens a test of .8100 20 Day VWAP bullish, 5 Day VWAP bullish Institutional Insights Analysts at Credit Agricole note ‘The RBNZ’s […]
Equities Rally Pauses Amidst Fed Hawkishness It’s been a rather muted start to the week for benchmark global equities indices. On the back of the wave of better risk appetite we saw following the US October CPI report, markets have lost their shine due to a combination of better-than-expected US retail sales, hawkish Fed commentary […]
