Day: March 21, 2023
Daily Technical Trade Set Ups For Gold, Silver & Crude Oil To access today’s actionable analysis, click here! Source: Tickmill
EUR Moving Higher The Euro has been broadly higher today on the back of comments made by ECB president Lagarde yesterday. Testifying to European Parliament, Lagarde was seen reaffirming her commitment to bringing inflation back down to target. On the back of the bank’s latest half-point rise last week, Lagarde told members of the Economic […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0729. At the moment, a consolidation range is forming around this level. We expect the price to escape the range downwards and go on developing the wave to 1.0620. The target is local. After the quotes reach this level, a […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which reveals the prevalence of a downtrend. The RSI has broken the support level. As a result, we expect the price to keep falling to the nearest support at 2/8 (0.6591). The scenario can be canceled by an upward […]
Bitcoin broke the level of 25200. So, the asset is heading up. The asset’s price might gain the required support at the very important levels 25200 and 21400, pull and jump. Time will tell how soon this is about to happen. Gold has tested the resistance area formed between the levels 1976 and 2000. The […]
Gold Rally Continues on Risk Aversion It’s been a bumper start to the week for gold and silver with both metals enjoying firm demand across early European trading on Monday. Gold prices are trading at fresh highs for the year as the rally continues to log gains amidst on going market turmoil and investor uncertainty. […]
The Australian dollar in pair with the US dollar on Tuesday is retreating. The current quote is 0.6686. The minutes of the meeting of the Reserve Bank of Australia published today mention that the country’s monetary policy has got in some kind of a dead-end. The interest rate is currently quite restrained, while the economic […]
XAUUSD, “Gold vs US Dollar” Near the resistance, gold has formed a Shooting Star reversal pattern. Currently, the instrument might go by the reversal signal in a descending wave. The target of the decline might be 1960.00. Upon testing the support level, the pair might push off it and continue the uptrend. However, the quotes […]
Daily Market Outlook, March 21, 2023 Banking Concerns Calmed, As US Considers Backstopping All Deposits Asian equity markets took Wall Street’s lead, with most markets printing gains given the retreat in market fears around the banking sector as investors digested Credit Suisse’s emergency acquisition by UBS and fresh optimism that FDIC’s deposit insurance amount could […]
At the beginning of this week, two events that occurred over the weekend were in the focus of the market. The first was the news of Credit Suisse being acquired by another Swiss bank, UBS, with the involvement of the government through guarantees. This gives the markets some respite as the chances of new surprises […]