Market Analysis

US Retail Sales Up Next US data is back in the spotlight today as traders ready themselves for the latest set of retail sales data. On the back of the sharp drop we’ve seen in CPI and PPI data, USD has been trending lower across the week as traders scale back their rate forecasts for […]

ETH Edging Higher The rally in crypto assets is turning into one of the hottest stories in markets as we kick off Q2. Following the heavy liquidations which took place last year and a tricky start to the year around plenty of negative news flow, crypto is seeing a surge in demand currently. Along with […]

The BTC on Friday rose to 30,876 USD. The weekly growth already amounts to 10.7%. Good that the leading cryptocurrency has passed the interim resistance level at 30,500 USD and now aims at 31,150 USD. A successful attack on this level and securing above it should let the BTC reach the range of 34,000-35,000 USD. […]

EURUSD on Friday remains strong. The current quote is 1.1070. What happened that the USD slipped to its 12-month lows? In fact, there was nothing unusual. The macroeconomic statistics published yesterday confirmed a decline in inflation and gave the market a new argument supporting the upcoming end of the tight credit and monetary policy of […]

JPM Earnings Due US earnings season heats up today with JP Morgan, the biggest US bank by assets, due to report Q1 earnings. The bank’s earnings are always seen as a bellwether for the broader financial sector and on the back of recent banking stress in the US, today’s results will be closely watched. In […]

USDCAD Trend Line Break USDCAD is on watch today with the retail market holding a heavy long position in the pair.  The Canadian Dollar has emerged as one of the strongest performing currencies on Friday creating plenty of room for further downside in the pair as USD continues to head lower. Weaker-than-forecast CPI and PPI […]

UK Growth Stalls In Feb On the back of the IMF warnings earlier this week that the UK was at risk of being the worst performing economy in the G7 this year, today’s UK GDP figures for February offered little argument. GDP was seen at 0% on the month, a sharp drop from the  0.4% […]

TitleGBPUSD H4 | Potential reverse from 61.6% TypeBearish Reversal Preference: Price is approaching our pivot at 11.25241, which is a multi-swing high resistance that lines up with the 61.8% Fibonacci projection. If it breaks above, it could reach the 1st resistance at 1.25885, which also lines up with the -27.2% Fibonacci expansion. Alternative scenario:However, if […]

The Australian dollar against the US dollar is securing the ascending impulse. The current quote is 0.6700. The morning statistics from Australia demonstrated that the unemployment rate in February remained at 3.5%, though it had been expected to rise to 3.6%. The number of workplaces increased by 53.0 thousand after growing by 63.3 thousand earlier. […]

EURUSD on Thursday remains strong. The current quote is 1.0990. In fact, it is not the EUR that is astonishingly strong, it is the USD that is extremely weak. A serious reason for such a decline in the USD has become the inflation report for March. The CPI dropped to 5.0% y/y, which is even […]

Oil Traders Increase Longs Again The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week from 181k to 226k. This marks the second consecutive weekly increase in bullish crude bets which have now risen more than 50% off the March lows. The uptick in bullish positioning has […]

TitleETHUSD H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 1944.26 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1848.75. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 1990.63. To discuss this trading idea, […]