Market Analysis

EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of correction to 1.0983. Today the market is forming a link of a new wave of decline to 1.0893. After the price reaches, this level, a link of growth to 1.0930 could form. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]

EURUSD on Tuesday remains in a downtrend. The current quote is 1.0940. At the beginning of the week, there is no important news, so investors focused on currency speculations based on the expectations about future steps that the US Federal Reserve System might make. Curiously, according to the CME FedWatch, the probability of the interest […]

UK Wages & Jobless Level Jump The latest UK economic data released this morning has raised some serious questions over the outlook for the UK economy. In the three months through February, the unemployment rate was seen increasing to 3.8% from 3.7% prior, with the claimant count surging to 28.2k from -11.2 prior. While this […]

CADJPY Bullish View CADJPY is an interesting pair to watch as we kick off the new week. The retail market is holding a heavy 81% short position in the pair currently, suggesting plenty of room for the current rally to continue. CAD has been the strongest performer across early European trading on Monday. A better […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are on the 200-day Moving Average, which indicates a lack of any trend. The RSI is testing the resistance line. As a result, a downward breakout of 4/8 (0.6713) is expected, followed by falling to the support at 2/8 (0.6652). The scenario can be canceled […]

The Australian dollar is trying to grow against the US dollar again. The current quote is 0.6727. China has issued a large chunk of statistics today that turned out, indeed, positive. For Australia, stable Chinese reports are crucial because China is the country’s leading trade and economic partner. Do, the Chinese GDP in Q1 2023 […]

Banking Results in Focus On the back of the USD reaction we saw to last week’s US banking sector results, traders are keen to receive further performance updates from the financial sector. Ahead of big dogs Morgan Stanley and Goldman Sachs tomorrow, traders will today be focusing on State Street which is due to report […]

The dollar went up on Friday thanks to hawkish comments from a Fed representative, Waller. The events and reports calendar for this week is not particularly noteworthy, so market participants are likely to focus on central bank representatives’ comments regarding the need and degree of final tightening in May. The dollar has rebounded, but investors […]

EURUSD, “Euro vs US Dollar” EURUSD is correcting in a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0910 is expected, followed by growth to 1.1145. An additional signal confirming the decline will be a rebound from the lower […]

EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Harami reversal pattern. The instrument may now go by the reversal signal in an ascending wave. The target for the growth will be 1.1035. However, the price could correct to 1.0895 and continue the uptrend after testing the support. […]

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 […]