Market Analysis

Stocks Rally On Strong US Earnings Season  Global equities benchmarks are mostly in the green across the early European trading on Tuesday. Stocks have been well supported in recent sessions by better-than-expected US earnings reports, headline by the strong performance from JP Morgan and Citigroup reported on Friday. Strong profits from key US banks is […]

What’s Driving USD? If you were looking at Friday’s US economic data, the rally in the US Dollar understandably looks a little confusing. Both headline and core retail sales were seen dropping deeper than expected into negative territory last month, suggesting concerning times ahead for the US economy. However, it was the bumper performance in […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of a declining wave to 1.0909. Today the market is forming a link of correction to 1.0950. After it is over, a wave of decline to 1.0886 could begin. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has extended the consolidation […]

The BTC by Monday has dropped to 29,931 USD. The weekly growth is estimated as 5.75%. Last week, as the catalyst for the growth of the BTC was the ETH altcoin. It was beautiful: a serious update took place in the Ethereum network, letting free the coins that had been frozen. But the market did […]

EURUSD on Monday remains cautious after sky-rocketing and correcting earlier. The current quote is 1.0980. The flow of statistics on Friday turned out, indeed, patchy. However, its components made the USD as relatively balanced as it can be. For example, retail sales in the US in March dropped 1% m/m instead of 0.4% forecast and […]

GBPUSD, “Great Britain Pound vs US Dollar” The pair is pushing off the lower border of the bullish channel. The instrument is going above the Ichimoku Cloud, which indicates the prevalence of an uptrend. A test of the lower border of the Cloud is expected at 1.2395, followed by growth to 1.2645. An additional signal […]

EURUSD, “Euro vs US Dollar” The currency pair has completed an impulse of decline to 1.0970. Today the market is forming a consolidation range above this level. With a breakout of the range downwards, a decline to 1.0933 could follow. After the price reaches this level, a link of correction to 1.1000 could develop. GBPUSD, […]

Metals Correct As USD Demand Returns Both gold and silver are starting the week just off recent highs following the correction lower we saw on Friday in response to fresh USD strength. The Dollar found fresh demand as better performance from big names in the US banking sector suggested room for the Fed to press […]

The currency pair EUR/USD has tested the upper boundary of the daily range, that is, the zone formed between the levels 1.1000 and 1.1030. The asset formed a bearish engulfing at the end of the last trading week. The price of the currency pair EUR/USD is likely to drop and gain the required support at […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the currency 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 might be 1.3395. Next, the price could rebound from this level and continue the downtrend. However, the price may drop […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is testing the support line. In this situation, the price could rise above 2/8 (1.0986) and reach the resistance at 3/8 (1.1108). The scenario can be canceled by a rebound from […]

The chances of the Federal Reserve keeping its policy unchanged in May have increased after the release of US production inflation data for March. Overall production inflation unexpectedly turned negative in March: prices fell by 0.5% in a month, although it was forecasted that they would remain at the same level: The market enthusiastically received […]