Day: March 6, 2023
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0648. Today a new structure of decline to 1.0570 should start. After this level is reached, a consolidation range should form. With an escape downwards, a pathway for a wave down to 1.0490 should open. GBPUSD, “Great Britain Pound vs […]
EURUSD, “Euro vs US Dollar” The currency pair is correcting in a descending channel. The instrument is going above the Ichimoku Cloud, which indicates prevalence of an uptrend. A test of the upper border of the Cloud is expected at 1.0610, followed by growth to 1.0795. An additional signal confirming the growth will be a […]
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On Monday, the BTC is recovering timidly, mostly fluctuating near 22,413 USD. Over the week, the crypto lost 4.42%. Last week was totally unlucky for the BTC. The news inside and outside the market was bad. Anything connected to possible bankruptcy of Silvergate can be a strong negative driver: there are some connections to the […]
The Australian dollar vs the aUs Dollar is balancing under much pressure, trying to stabilise all the time. The current quote is 0.6757. This morning, China has announced that in 2023 its GDP will grow by some 5%. This is quite a modest increase, especially compared to some market estimations of 5.5%. Investors think that […]
Daily Market Outlook, March 6, 2023 Modest China Growth Target Puts A Dent In Metals & Commodities Asian equities carried over the strength seen a the close of trading last week on Wall Street, once again the Nasdaq was the outperformer stateside, the positive impetuous in Asian markets waned somewhat as China reduced its economic […]
Weaker GDP Target Following a return to strength over recent weeks amidst a stream of encouraging economic data, the Chinese Yuan is weaker on Monday as traders digest the latest news from the weekend. The annual National People’s Congress (NPC) got underway on Sunday and the main headline so far is the PBoC setting out […]