Market Analysis

September Hike in Doubt EUR has come under heavy selling pressure on the back of yesterday’s ECB meeting. While the central bank hiked rates by a further .25% as expected, the tone of the meeting was far less hawkish than many were expecting. Lagarde seemed to downplay the likelihood of a further hike in September, […]

Meeting of the Federal Reserve became a catalyst for selling the dollar, with the U.S. currency index accelerating its decline to approach the 100.50 level after an initial negative reaction to the central bank’s decision. Stocks responded with gains despite the uncertain reaction of the U.S. market yesterday, during which the S&P 500 closed modestly […]

Oil Rallies on Weak USD Oil prices are climbing on Thursday following the July FOMC yesterday which has seen USD coming under fresh selling pressure. Crude futures are now trading back up towards the week’s highs, their highest level in 3 months, as a weaker Dollar drives demand for commodities. With the market no longer […]

The Australian dollar has stabilised against the US dollar. The current AUDUSD quote is 0.6804. The Aussie rebounded following the decision of the US Federal Reserve to raise the interest rate by 25 basis points to 5.5% per annum. The currency section did not receive a full range of positive signals; the US dollar declined […]

The major currency pair remains strong on Thursday. The current quote for EURUSD is 1.1110. The US Federal Reserve raised the interest rate by 25 basis points at its meeting yesterday, to 5.5% per annum – just as expected. Sentiment remained restrained. In its comments, the Fed noted that there is no expectation of an […]

  ECB on Watch On the back of the latest hike from the Fed yesterday, focus now shifts to the ECB today. As with the Fed, the ECB is widely expected to hike rates by a further .25% today and so the bigger focus will be on the guidance issued alongside the decision and whether […]

TitleGBPUSD H4 | Potential react off 50% Fibo? TypeBearish Reversal Preference: Price is approaching our pivot point of 1.29757 that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 1.28721 which is an overlap support. Alternative scenario:However, if price breaks above the pivot, it could push to 1st […]

EURUSD, “Euro vs US Dollar” EURUSD formed a consolidation range around 1.1057 and expanded it to 1.1117, exiting the range upwards. Today the quotes might rise to 1.1122 (with a test from below). After the price hits this level, a new wave of decline to 1.1020 could start. And if this level also breaks, the […]

USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are in the oversold area on H4. The RSI is nearing the oversold area. In this situation, a test of -2/8 (0.8544) is expected, followed by a rebound from this level and a rise to the resistance at -1/8 (0.8667). The scenario can be cancelled by a […]

  USD Falls Following FOMC The US Dollar has turned lower on the back of the July FOMC yesterday. The Fed hiked rates by a further .25%, as expected, taking rates to their highest level in 22 years. Additionally, the bank was seen leaving the door open to further tightening, noting that the battle against […]

TitleEURUSD H4 | Potential react off 50% Fibo? TypeBearish Reversal Preference: Price is moving toward our pivot of 1.11437 that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 1.10399 which is a support level. Alternative scenario: However, if price breaks above the pivot, it could push up […]

XAUUSD, “Gold vs US Dollar” Gold is correcting, forming a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 1965 is expected, followed by a rise to 2010. An additional signal confirming the rise will be a rebound from the […]