Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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US Inflation Expectations Rise The latest report from the University of Michigan reveals a notable surge in the 1-year inflation expectations of households, jumping from the previous 3.2% to a substantial 4.2%. This figure significantly exceeds the 3.8% forecast. Notably, inflation expectations for the five years ahead remain steady at 3.0%. The Fed tracks inflation […]
Daily Market Outlook, October 30, 2023 Munnelly’s Market Commentary… Asia – stock markets experienced mixed trading with most major indices ending in negative territory. The ongoing geopolitical concerns remained at the forefront of investor sentiment as the month-end and upcoming risk events loomed. The Nikkei 225 was the weakest performer, down by 1.0%, as yields […]
The BTC exchange rate on Monday is consolidating at 34,338 USD. The weekly rise is estimated at 12%. Following an impressive surge last week, the market has not seen any new drivers other than those that are already factored into the prices. Buyers are still hopeful that the US Securities and Exchange Commission (SEC) might […]
The Japanese yen paired with the US dollar has stabilised its position. The current USDJPY exchange rate stands at 149.56. Today marks the beginning of a two-day meeting of the Bank of Japan, scheduled to conclude on Tuesday with a decision on the interest rate. There is a high likelihood that the rate will remain […]
Gold Under Pressure on Monday Gold prices are slipping on Monday, putting a pause on the more than 10% rally we’ve seen in gold over the last month. The selling comes despite news of Israel stepping up its invasion of Gaza this weekend through intensified land and air attacks. For now, the main focus seems […]
USD Pauses for Now The US Dollar starts the week in somewhat muted fashion as traders await fresh directional catalysts. Interesting to note that the CFTC institutional positioning report shows that USD long positions were reduced again last week, marking the third consecutive week of long covering. USD longs had hit their highest level in […]
EURUSD, “Euro vs US Dollar” EURUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower boundary of the Cloud is expected at 1.0580, followed by a decline to 1.0440. An additional signal confirming the price drop could be a rebound from […]
EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 2/8 (1.0559) mark is expected, followed by a decline to the support at 0/8 (1.0498). The scenario can […]
TitleUSDJPY H4 | Falling to 50% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 149.423 which is an overlap support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 149.99 which is a […]
TitleGBPNZD H4 | Dropping to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 2.07574 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 2.09534 which is a swing-high resistance level. Alternative scenario:If price breaks below the […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0635. However, the price could correct to 1.0500 and continue the uptrend after the pullback to […]
EURUSD, “Euro vs US Dollar” EURUSD has performed a corrective wave to 1.0596. Today the market continues developing a declining wave to 1.0500. After it reaches this target, a consolidation range could form around it. Escaping the range downwards, the price might open the potential for a declining wave to 1.0433. This is the first […]