Day: April 19, 2023
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the growth might be 2040.00. After testing the resistance, the pair could break it and continue with the uptrend. However, the quotes may […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rise above 6/8 (134.37) and reach the resistance level of 7/8 (135.93). The scenario can be canceled […]
Tesla In Focus Today As US earnings season rolls on, the main focus today will be on Morgan Stanley and Tesla. Given fairly solid banking sector results so far, expectations are for further positivity from today’s MS data which should help strengthen confidence and solidify expectations for a .25% hike from the Fed next month. […]
The following is a guest article written by Andrew Menaker, Phd and Licensed Clynical Psychologist working with high-achievers and with traders. Andrew was a guest on our podcast episode: “How Neuroeconomics can Improve your Trading”. Listen to it here. Most traders recognize that psychology is a big part of trading. A common experience for many […]
The BTC on Wednesday is balancing near 29,337 USD. By the way, the first half of the week was much better: the leading crypto rose to 30,470 USD. Something curious is happening: the BTC lost 3% over a couple of minutes because the whole sector slumped into a deep correction. And then the situation normalised. […]
The British pound against the US dollar saw an increase on Wednesday. The current quote is 1.2451. Inflation in Britain in March came out higher than expected, and this makes hopes for a slowdown in the growth of crediting prices fade. The CPI turned out at 10.1% y/y after being 10.4%. This is, indeed, a […]
Daily Market Outlook, April 19, 2023 Another Bout Of Inflationary Data Puts Further Pressure On BoE To Raise Rates Again Another lacklustre handover from Wall Street left Asian equity markets trading with a tepid tone overnight, the Nikkei ran into supply early on, as data for Japanese manufacturing did little to inspire risk appetite as […]
AUD Weakening Retail traders are holding a more than 90% long position in AUDCHF today, making the pair an interesting candidate for short sellers. The pair has been grinding lower over recent weeks and recently broke down to fresh 2023 lows, testing below the prior .6029 lows. Risk sentiment has weakened a little in recent […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the lower border of the broken channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 1.2435 is expected, followed by falling to 1.2115. A signal confirming the decline will be […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of correction to 1.0983. Today the market is forming a link of a new wave of decline to 1.0893. After the price reaches, this level, a link of growth to 1.0930 could form. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]