Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Futures Weekly Action Areas #ES #NQ #YM To access the weekly action areas for the trading week ahead in the emini futures markets click here You can use the levels referenced in the video for the cash market US500 USTECH & US30 by simply calculating the spread between the futures and the cash levels and […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0955. A growth link to 1.0980 is expected today. If this level breaks upwards, the potential for a rise to 1.1010 might open. This is a local target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues developing a consolidation range around 1.2727. […]
EURUSD, “Euro vs US Dollar” EURUSD qutes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 4/8 (1.0986) and continue growing to the resistance at 5/8 (1.1047). The scenario could be cancelled […]
Daily Market Outlook, January 15, 2024 Munnelly’s Market Minute…“Nikkei Tests Levels Not Seen Since 1990” Asian stocks traded within a narrow range due to the absence of significant catalysts over the weekend. Global markets were expected to have a subdued session on Monday as a result of the extended weekend in the US. The Nikkei […]
CAD CPI in Focus USDCAD is moving higher today ahead of tomorrow’s Canadian CPI release. The market is expecting CAD CPI to have slipped further last month. M/M CPI is pegged at -0.3%, down from the prior month’s -0.1% while annually, median CPI, is forecast to hold steady at 3.4%. However, given the M/M expectations, […]
The primary currency pair appears neutral on Monday. The current EURUSD exchange rate stands at 1.0963. Previously released US statistics on the consumer price index alter the perspective on the US Federal Reserve’s future actions. Inflation in the country has accelerated to 3.4% y/y from the previous 3.1%. Core inflation has not provided significant signals. […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 144.65 is expected, followed by a rise to 147.85. The growth could be additionally supported by a rebound […]
TitleEURUSD H4 | Bearish Reversal TypeBearish Reversal Preference:Price is rising toward to the pivot point of 1.1030 which is a pullback resistance that aligns with the 61.8% Fibo retracememt. A reverse from this point could lead the price to fall to 1st support at 1.0930, a multi swing low support level. Alternative scenario:If price breaks […]
Middle Tensions Supporting Gold Gold prices remain in the green across early European trading on Monday, extending gains from Friday. Risk sentiment remains subdued amidst ongoing global geopolitical unrest. News of a US warship shooting down an attempted missile strike from Houthi rebels has prompted fears of fresh US/UK strikes in Yemen, further raising risks […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance level at 1.1030. However, the price could drop to 1.0920 and continue the uptrend after the correction. USDJPY, “US Dollar vs […]
The British pound sterling, paired with the US dollar, hovers near a five-month peak. The current GBPUSD exchange rate stands at 1.2754. Previously released statistics confirmed that economic growth in the UK surpassed expectations in November. At the same time, it remained subdued over the last quarter. In November, the UK’s GDP rose by 0.3% […]
Middle East Tensions Drive Oil Oil prices are surging higher on Friday as worrying developments in the Middle East point to heightened supply disruptions. Iran reportedly seized an oil tanker in the Gulf of Oman yesterday carrying around 145 tonnes of crude. While the attack was not linked to Houthi rebels, uncertainty in the area […]