Market Analysis

The Fed hiked interest rate by a quarter point at yesterday’s meeting but hinted also that they keep their options open for more hikes because inflation remains significantly above the target level. The tone of the statement was clearly softer, just remember that in the February meeting, the wording regarding future rate hikes was more […]

EURUSD, “Euro vs US Dollar” With all the news, the currency pair escaped the consolidation range upwards and extended the wave to 1.0910. Today a new consolidation range might form around this level. If the price escapes downwards, a link of decline to 1.0810 might follow. And if this level as well breaks, the wave […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI pushed off the resistance line and headed downwards. In these circumstances, we should expect the price to break the level of 2/8 (0.9155) downwards and drop to the support level […]

Daily Technical Trade Set Ups For Nvidia, DXY & AUDNZD To access today’s actionable analysis click here! #Nvidia #Dollar #AUDNZD Source: Tickmill

Nike Beats Earnings  Shares in Nike surged higher yesterday and are trading around 4% higher ahead of the US open today after the company posted better than expected earnings. For Q3 FY 2023, Nike posted EPS of $0.79, well above the $0.55 the market was looking for. Additionally, revenues came in at $12.39 billion, again […]

EURUSD, “Euro vs US Dollar” On H4, near the support level, the pair 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 1.0955. However, the price might pull back to 1.0870 and continue the uptrend after correcting to […]

The British pound against the US dollar has reached its peak since 2 February. The current quote is 1.2326. Currently, the pound relies on the weakening USD. Everything else, including price statistics or the upcoming meeting of the Bank of England, has faded into the background. However, there is much to look at. Yesterday Britain […]

Daily Market Outlook, March 23, 2023 Powell Giveth, Yellen Taketh… Bailey Up Next Asian equities took their lead from Wall Street’s souring in risk sentiment, as all US benchmarks closed in the red, nursing 1%+ losses on the session as markets sought to make sense of duelling narratives, on the one hand FOMC Chair Powell […]

The currency pair EUR/USD is heading up. The asset is gradually approaching critical resistance at the psychological level of 1.1000. The asset’s price is likely to pull from this level soon. Time will tell when it might happen. Gold has pulled from the upper boundary of the range. The asset is heading down, targeting the […]

Fed in Focus Traders are bracing for the headline event of the week today with the March FOMC on deck later. Over the week ahead of the meeting expectations head been evenly split between a .25% hike and an unchanged decision. However, over the last 24 hours market has swung in favour of expecting a […]

GBP Spikes on Inflation Jump GBP has soared into pole position across the G10 FX space over the European morning on Wednesday. The latest UK inflation data released today highlighted an unexpected uptick in consumer prices last month which has fed into hawkish expectations ahead of the BOE tomorrow. Prior to the data, traders had […]

On Wednesday, the Japanese yen against the US dollar is stabilising. The current quote is 132.44. Earlier the JPY grew noticeably because the USD declined. The Japanese Minister of finance Shunichi Suzuki has mentioned in his speech today that the country’s financial system looks stable. To react flexibly to price changes, the Ministry of Finance […]