Market Analysis

Title USDCHF H4 | Bullish bounce off 78.6% fibo? Type Bullish Bounce Preference: Price is falling to our pivot point at 0.8945, which is a pullback support level, aligning with the 78.6% fibo retracement. If price bounces off our pivot point, then we can expect price to fall to the 1st support at 0.8883, which […]

TitleSPX500USD H4 | Bearish reversal off pivot? TypeBearish Reversal Preference: Price has been in a strong bullish run in the past few weeks, and we could possibly see a reversal from our pivot point at 4384.7, which is a multi-swing high resistance level. If price reacts bearishly, then we could see price falling to the […]

Currently, silver remains at the median line of the downtrend. The price of silver should rebound from the downtrend line and jump soon. Hence, one could follow the candlestick formations around this downtrend to forecast the potential price movements. The price of the Euro rebounded from the broken downtrend and approached the resistance level of […]

Bailey Holds Steady GBP is starting the day in a more muted fashion, on the back of the November BOE meeting yesterday. The Pound was seen firmly higher through Thursday trading as traders digested a ‘hawkish hold’ from Bailey and co. The BOE held rates steady at 5.25% but signalled that rates would need to […]

In the last couple of sessions, bond yields have been on a roller-coaster ride, witnessing declines both at the short and long ends of the curve. The 10-year bond yield, which peaked at 5% last week, has now retreated to 4.62%, while the 2-year bond yield has fallen from 5.24% to 4.98%. These movements have […]

Daily Market Outlook, November 3, 2023 Munnelly’s Market Commentary…  Asia –  stocks experienced gains as they followed the upward movement in global markets. This rise came after the Bank of England (BoE) decided to maintain interest rates and a surprising decrease in US Labour Costs added to a dovish tone. Japan’s market was closed for […]

EUR Higher on Thursday The Euro is catching a bid today on the back of comments from ECB’s Schnabel yesterday. Following on from the ECB holding rates unchanged this month, Schnabel warned that it is too early to call an end to ECB tightening altogether and said the bank would remain vigilant over the path […]

The BTC exchange rate climbed to 34,650 USD on Friday. Yesterday, investors attempted to develop a new wave of growth. Everything was going well, but the momentum quickly faded, and BTC returned to consolidation. Nevertheless, this is quite productive for the main cryptocurrency at present. Once news emerges about a spot bitcoin ETF, eagerly anticipated […]

The primary currency pair is rising this Friday. The current EURUSD exchange rate stands at 1.0628. Following the conclusion of the US Federal Reserve meeting and the release of all available information, investors’ sentiment towards the dollar waned. The market has shifted its interest towards risk. In this context, the euro and other currencies are […]

BTC Pulling Back Bitcoin price are pulling back from recent YTD highs as we approach the weekend. After topping out ahead of the 37030 level, BTC prices have since shed around 6%. The move comes despite recent weakness in USD and can be attributed to profit taking on the recent bull move which saw BTC […]

Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session CLICK HERE! Source: Tickmill

EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of growth to 1.0666. A link of decline to 1.0590 might follow today (with a test from above). Next, a link of growth to 1.0680 is not excluded. After the price reaches this level, a decline to 1.0497 could follow. Practically, a wide consolidation range […]