Market Analysis

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. The instrument is now going by the reversal signal in an ascending wave. The target for the correction could be 1.3520. Then the price could rebound from this level and continue the downtrend. However, it may still drop to […]

The FTSE Finish Line – April 19 – 2023 FTSE 100 Inflation Data Dents Risk Sentiment The FTSE 100 winning streak looks set to end at the close of trade today, the driver for the downbeat mood amongst UK investors has principally derived from another surprise in UK inflation data, coming on the heels of […]

Daily Technical Trade Setups For SP500, Nifty & XLF To access todays actionable analysis click here! Source: Tickmill

Mixed Results From Netflix The latest set of earnings from Netflix yesterday did little to encourage investors that the company is headed for a new ‘golden era’. On the headline figures, the numbers were broadly in line with expectations. EPS came in a little over forecasts at $2.85 vs $2.85 forecast while revenues were a […]

UK CPI Still Too High On the back of a higher-than-expected wage growth figure earlier this week, today’s UK CPI data has effectively confirmed a further .25% hike from the BOE next month. Headline CPI was seen cooling to 10.1% in March, down from the prior month’s 10.4% reading, but still well above the 9.8% […]

XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The target for the growth might be 2040.00. After testing the resistance, the pair could break it and continue with the uptrend. However, the quotes may […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rise above 6/8 (134.37) and reach the resistance level of 7/8 (135.93). The scenario can be canceled […]

Tesla In Focus Today As US earnings season rolls on, the main focus today will be on Morgan Stanley and Tesla. Given fairly solid banking sector results so far, expectations are for further positivity from today’s MS data which should help strengthen confidence and solidify expectations for a .25% hike from the Fed next month. […]

The following is a guest article written by Andrew Menaker, Phd and Licensed Clynical Psychologist working with high-achievers and with traders. Andrew was a guest on our podcast episode: “How Neuroeconomics can Improve your Trading”. Listen to it here. Most traders recognize that psychology is a big part of trading. A common experience for many […]

The BTC on Wednesday is balancing near 29,337 USD. By the way, the first half of the week was much better: the leading crypto rose to 30,470 USD. Something curious is happening: the BTC lost 3% over a couple of minutes because the whole sector slumped into a deep correction. And then the situation normalised. […]

The British pound against the US dollar saw an increase on Wednesday. The current quote is 1.2451. Inflation in Britain in March came out higher than expected, and this makes hopes for a slowdown in the growth of crediting prices fade. The CPI turned out at 10.1% y/y after being 10.4%. This is, indeed, a […]

Daily Market Outlook, April 19, 2023 Another Bout Of Inflationary Data Puts Further Pressure On BoE To Raise Rates Again Another lacklustre handover from Wall Street left Asian equity markets trading with a tepid tone overnight, the Nikkei ran into supply early on, as data for Japanese manufacturing did little to inspire risk appetite as […]