Market Analysis

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0576. The target is local. Today a correction to 1.0620 might form. After it is over, a decline to 1.0563 should follow. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a structure of decline to 1.1924. […]

EURGBP, “Euro vs Great Britain Pound” EURGBP has pushed off the upper border of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 0.8840 is expected, followed by growth to 0.8955. An additional signal confirming the decline will be […]

Daily Market Outlook, March 3, 2023 Markets look To Close Out The Week On A Firmer Footing Driven By Fed ‘Pause’ Hope Asian equities followed Wall Street’s positive lead and were mostly higher following on from the positive close stateside, driven by yet another round of optimism regarding the potential for a Fed pause, this […]

There have been plenty of key developments across the markets this week with plenty of moves to focus on as we begin the final month of Q1. Chatting with traders ahead of the weekend, it seems the move capturing the most attention is the almost 3% rally in the Nikkei which has broken out this […]

The BTC weakened quite a bit overnight. By Friday, the leading crypto has dropped to 22,401 USD. The crypto got given away by the inner market news. Most probably, it was the situation with the Silvergate bank, with which several crypto exchanges at once refused to work. Meanwhile, the US stock market remained stable or […]

EURUSD has stabilised after a series of amplitude fluctuations. The current quote is 1.0610. The EU failed to support the EUR by good news. The prelim CPI in February turned out at 8.5% y/y instead of declining to 8.3% y/y, while earlier it was 8.6%. Base inflation is estimated at 5.6% y/y — higher than […]

Dovish BOJ View The Japanese Yen has fallen lower into the end of the week helped by a solid drop in Tokyo CPI last month. Tokyo CPI was seen cooling to 3.3% from the prior month’s multi-decade highs of 4.3%. On the back of incoming BOJ governor Ueda recently affirming that the BOJ will not […]

AM Shares Rallying Chipmaker Applied Materials has been one of the key stocks to benefit from the surge in demand for AI this year. The company recently posted bumper Q4 earnings with both EPS and revenues coming in above target and cited the growth in demand from companies looking to scale up their AI business […]

Title BCOUSD potential rally – but watch out for the intermediate resistance! Type Bullish Rally Preference We’re seeing a long-term ascending support line and a descending resistance line squeeze prices together. There is a pivot support at 83.9 which is pushing prices up against the descending resistance line. If prices were to break that descending […]

TitleUSDJPY, H4 | Key levels to watch out for TypeNeutral Preference:We’re seeing price rise nicely within our ascending wedge with the first intermediate resistance at 136.77 which is a 38.2% Fibonacci retracement. If it breaks this level, then the 1st resistance is at 137.74 which is a strong overlap resistance. In terms of support, we […]

XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the correction might be 1855.00. Upon testing the resistance level, the price may push off it and continue the downtrend. However, the quotes might […]

EURUSD grew quite a bit overnight. The current quote is 1.0650. The USD got a hard blow from the production statistics from February. The ISM PMI grew from 47.4 points to 47.7 points instead of 48.0 points. The index remains under the psychologically important level of 50.0 points marking the reversal from growth to falling. […]