Day: April 14, 2023
JPM Earnings Due US earnings season heats up today with JP Morgan, the biggest US bank by assets, due to report Q1 earnings. The bank’s earnings are always seen as a bellwether for the broader financial sector and on the back of recent banking stress in the US, today’s results will be closely watched. In […]
USDCAD Trend Line Break USDCAD is on watch today with the retail market holding a heavy long position in the pair. The Canadian Dollar has emerged as one of the strongest performing currencies on Friday creating plenty of room for further downside in the pair as USD continues to head lower. Weaker-than-forecast CPI and PPI […]
UK Growth Stalls In Feb On the back of the IMF warnings earlier this week that the UK was at risk of being the worst performing economy in the G7 this year, today’s UK GDP figures for February offered little argument. GDP was seen at 0% on the month, a sharp drop from the 0.4% […]
TitleGBPUSD H4 | Potential reverse from 61.6% TypeBearish Reversal Preference: Price is approaching our pivot at 11.25241, which is a multi-swing high resistance that lines up with the 61.8% Fibonacci projection. If it breaks above, it could reach the 1st resistance at 1.25885, which also lines up with the -27.2% Fibonacci expansion. Alternative scenario:However, if […]
The Australian dollar against the US dollar is securing the ascending impulse. The current quote is 0.6700. The morning statistics from Australia demonstrated that the unemployment rate in February remained at 3.5%, though it had been expected to rise to 3.6%. The number of workplaces increased by 53.0 thousand after growing by 63.3 thousand earlier. […]
EURUSD on Thursday remains strong. The current quote is 1.0990. In fact, it is not the EUR that is astonishingly strong, it is the USD that is extremely weak. A serious reason for such a decline in the USD has become the inflation report for March. The CPI dropped to 5.0% y/y, which is even […]
