Day: February 15, 2023
EURUSD started declining again. The current quote is 1.0720. Yesterday, all eyes were glued to the US inflation report during the trading day. The CPI in January turned out higher than expected again, which let the USD get stronger again. In January, the CPI dropped to 6.4% y/y from 6.5% y/y a month before. However, […]
EURUSD, “Euro vs US Dollar” The currency pair completed a link of growth to 1.0820. Next, the market formed an impulse of decline and its correction to 1.0770. At the moment, the market is forming a consolidation range around 1.0722. An escape downwards and extension of the wave of decline to 1.0627 are expected. After […]
US Retail Sales Up Next Today’s US retail sales will be the next key input for USD traders. On the back of a bumper January jobs report and a fresh uptick in inflation, the market is expecting retail sales to have bounced back from the weakness seen in December. Amidst a slew of fresh hawkish […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDUSD, H4 | Potential for Bearish Drop to recent swing low TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias is bearish as there is a strong resistance level. Looking for […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has pushed off the upper border of the descending channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 1.2170 is expected, followed by falling to 1.1875. A signal confirming the decline will be […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. The instrument may now go by the signal in an ascending wave. The goal of the growth might be 1860.00. After testing the resistance level, the pair might break through it and continue the uptrend. However, the quotes may […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleGBPNZD Potential for bullish rise towards previous swing high TypeBullish Bounce Preference:Looking at the H4 chart, my overall bias for GBPNZD is bullish due to the current price being above the Ichimoku […]
UK Inflation Falls Again Good news today for UK consumers, and also the BOE, with the latest UK economic data reflecting a third consecutive monthly decline in consumer prices. Annualised inflation printed at 10.1% last month, down from the prior month’s 10.5% and now down a full 1% from the peak inflation reading of 11.1% […]
The BTC found a foothold and recovered. The quote on Wednesday is 22,127 USD. The fact that the BTC has out falling on halt is good news. The market did not reach the support level of 21,500 USD, after all. This means, sliding down to 20,500 USD is postponed. To go on growing, the BTC […]
The British pound is again affected by the US dollar. The current quote is 1.2105. The CPI in January in Britain dropped to 10.1% y/y while the forecast was 10.3% y/y. Month-wise, inflation dropped by 0.6% while investors had expected a decline by 0.4%. Thus, inflation continues retreating from the peak of 11.1% that it […]