Market Analysis

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Harami reversal pattern. The instrument is now going by the reversal signal in a descending wave. The target for the decline could be 1.3520. Next, the price could get a chance to break this level and continue the downtrend. However, the price […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the resistance area. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2510 is expected, followed by growth to 1.2695. An additional signal confirming the decline will be a rebound from the lower border of […]

The British pound rose noticeably against the US dollar. The current GBPUSD quote is 1.2565. The pound did not have the best of times at the beginning of May, but it should be admitted that it has already regained all the previous losses. The pair received support from the declining USD after the May meeting […]

The market major has frozen before the decisive event of this week. The current quote is 1.1020. So, today is the X day for the USD because this night another Fed’s meeting will be over. The interest rate decision will be announced. Most probably, the crediting price will be lifted by 25 base points to […]

EURUSD Pushing Higher  EURUSD is rallying firmly ahead of the FOMC later today. The pair has been on a strong run since the March lows, gaining around 5.5% as narrowing yield spreads between EU and US bonds help lift sentiment. Much of the driver behind the move has been the narrowing of monetary policy divergence […]

  Pfizer Shares Rally on Q1 Earnings Beat  Despite a tough day for stock markets on Tuesday, shares in US pharma company Pfizer were seen rising over the session following the release of better-than-forecast Q1 figures. Pfizer posted Q1 EPS of $1.23, well above the $0.98 the market was looking for. Additionally, revenues were seen […]

The BTC on Wednesday is balancing near 28,641 USD. An important support for the leading crypto remains at 26,500 USD. There are no reasons for a steep decline yet. However, anything may happen today. In the evening, the Federal Reserve System will close its two-days’ meeting and report its interest rate decision. If we suppose […]

The Australian dollar against the US dollar remains ready to grow. The current quote is 0.6667. Aussie gets supported by the RBA’s decision made yesterday to lift the interest rate. It now amounts to 3.85% per annum. In the comments, the regulator warned the market that inflation remains too high, and the credit and monetary […]

The EU April inflation report that hit the wires on Tuesday, surprised on the downside, albeit slightly, signalling that tight credit conditions are gradually taking effect on demand. Headline inflation, in line with the consensus, accelerated to 7.0% YoY in April from 6.9% in March. Core inflation took a step lower: from 5.7% to 5.6%. […]

Solid Q1 Earnings Beat  HSBC shares are trading firmly higher ahead of the open today after the bank released a bumper set of Q1 earnings. Amidst the return of concerns for the US banking sector on the back of the forced closure of First Republic Bank over the weekend, the results have been welcomed by […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the upper border of the Cloud. The instrument is going inside the Ichimoku Cloud, which suggests a sideways market. A test of the lower border of the Cloud at 1.1005 is expected, followed by growth to 1.1160. A signal confirming the growth will be a rebound from […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are below the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken the support line. In this situation, the level of 2/8 (0.6652) is expected to be broken downwards, after which the price could drop to the support at 0/8 […]