Day: January 10, 2023
The market major continues growing. The current quote is 1.0740. The EUR is supported by the interest to risk and the weakness of the US currency. The market is selling the dollar because globally investors are overvaluing the prospects of further actions of the Federal Reserve System. Market players have several important releases at hand, […]
The Japanese yen against the US dollar remains strong. The current quote is 131.73. This morning, Japan has presented important statistics. Household spending in November turned out below forecasts, falling by 1.2% y/y. The forecast had suggested growth by 0.5%. This is a leading indicator of economic activity; hence, fundamentally speaking, this is bad news. […]
HBR Rising Shares in FTSE 250 listed Harbour Energy PLC are among the biggest gainers on the index today. HBR shares are up nearly 3% from the European open with the stock boosted by the general uptick in risk appetite we’re seeing so far this year. The company which is the largest UK-listed independent oil […]
IAG Up on The Year Shares in British Airways parent company International Consolidated Airlines Group are seeing a mild pullback on Tuesday. IAG stock has been one of the best performers so far in 2023, rising over 11% from the January open. With shares now sitting just off yesterday’s highs, the current price might be […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are in the overbought area. The RSI has bounced off 70. In such circumstances, we should expect a downward breakaway of +1/8 (0.6897) and subsequent falling to the support level of 7/8 (0.6774). The scenario can be cancelled by rising over the resistance level of […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of the growth may be 1.3445; later the price may break through the resistance level and extend the correction. However, […]
EURUSD, “Euro vs US Dollar” The currency pair completed a wave of growth to 1.0759. Today the market is correcting this wave to 1.0710. After the correction is over, the pair may grow to 1.0767. Then it may correct to 1.0625 (a test from above) and grow to 1.0787. GBPUSD, “Great Britain Pound vs US […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has left the borders of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2010 is expected, followed by growth to 1.2425. An additional signal confirming the growth will […]
Copper Breaks Highs With (Dr) Copper often seen as a barometer for global economic health (or at least projected global economic health), the rally in copper futures is certainly an encouraging start to the New Year. A combination of a weaker US Dollar and budding optimism around China reopening its borders is helping lift sentiment […]
Type: Bullish Continuation Key Levels:Resistance: 24.775Pivot: 706.50Support: 23.140 Preferred Case:Looking at the H4 chart, my overall bias for SI1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 24.775, where the recent high […]
