Day: July 28, 2023
The BTC rate on Friday stood at approximately 29,229 USD. Each new attempt by BTC to rise becomes increasingly difficult. The overall fundamental background appears quite calm, lacking spark. The technical picture is more pessimistic. According to seasonal cycles, the current phase is bearish. Investors are unable to capitalise on the buying impulse in the […]
The major currency pair is under pressure on Friday. The current EURUSD quote is 1.0970. The European Central Bank has taken the initiative in raising interest rates from the Fed and raised the cost of borrowing by 25 basis points to 4.25% per annum. In its comments, the ECB stated that the portfolio of securities […]
TitleAUDUSD H4 | Potential bullish reversal TypeBullish Bounce Preference:Price is falling towards the pivot point of 0.65991 which is a pullback support that aligns close to the 127.2% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.67142 which is an overlap resistance.. […]
Daily Market Outlook, July 28, 2023 Munnelly’s Market Commentary… Asian equity markets traded mixed as investors were cautious and focused on the Bank of Japan’s (BoJ) policy decision. The central bank kept monetary policy settings unchanged but announced a more flexible approach to yield curve control (YCC), with fixed rate operations for 10-year Japanese Government […]
Unauthorised firm details Name: Elite CFDs Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kings-town St Telephone: 02045860102, 02045874862, 02081574535 Email: [email protected], [email protected], [email protected] Website: https://elitecfds.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD quotes have formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3130. Next, the price could break the support level and continue the downtrend. However, the quotes might correct to 1.3275 […]
Brent Brent quotes are in the overbought area on H4. The RSI has formed a divergence. As a result, in this situation a downward breakout of +1/8 (82.81) is expected, followed by a decline to the support level of 7/8 (79.69). The scenario can be cancelled by rising above the resistance at +2/8 (84.38), which […]
Upbeat surprises in US data released yesterday have bolstered the dollar’s position and led to rebound in Treasury yields with expectations regarding the Federal Reserve’s policy shifting towards another rate hike. The U.S. GDP growth for the second quarter (preliminary estimate) reached 2.4%, well above the forecast of 1.8%, indicating a substantial boost in the […]
Dow Stalls for Now The Dow Jones came under heavy selling pressure yesterday as the market tested key resistance at the 35503.24 level. Prior to yesterday’s sell-off, the Dow had been on a strong winning streak following the breakout above the 34523.58 level earlier in the month. Shifting Fed expectations have helped drive demand for […]
Unauthorised firm details Name: SILVERGROVE CAPITAL GROUP Address: 477 Madison Avenue, New York, NY, UNITED STATES OF AMERICA, 10022 Telephone: +16468142404 Fax: +16468628737 Email: [email protected] Website: www.silvergrovecapitalgroup.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you […]