Market Analysis

State Street Up Next US earnings season rolls on today with State Street among the big names reporting. On the back of mixed results from financial earlier in the week (Morgan Stanley beat estimates, Goldman Sachs missed estimates), traders will now be looking to see which side of the line State Street falls on. The […]

EURUSD is going to consolidate. The current quote is 1.0810. In the nearest future the EUR might experience some local pressure because the weather in Europe has changed, and because gas prices are growing again. For the current heating g season, there are no risks. After all, the biggest part of winter has passed. However, […]

The BTC has failed to continue the crazy growth begun earlier. Well, over the week, the BTC has declined, though the trend started quite cheerfully. The growth shrunk to 13%, while the leading crypto got suspended near 20,900 USD. The range of 20,250-20,550 USD is worth keeping an eye on. If the market aims down, […]

Genesis Files for Bankruptcy The crypto world has been hit by further bad news this week as crypto-lender Genesis Global Capital files for bankruptcy. The lender, owned by Digital Currency Group, reportedly froze customer accounts in mid-November on the back of FTX Capital collapsing in a bid to prevent a mass-withdrawal. The collapse of FTX […]

Asset markets are somewhat sluggish and reluctant to recover on Friday, following Thursday’s drop, which saw S&P 500 breaking through 3900 points. Dollar was slightly bid on the back of growing risk-off, however, during this week the DXY appears to remain in equilibrium in the range of 102-102.50: Despite a slew of negative updates on […]

XAUUSD, “Gold vs US Dollar” At the resistance level, gold has formed a Shooting Star reversal pattern. The pair is currently going by the pattern in a descending wave. The goal of the correction might be 1915.00. Upon testing the support level, the pair may bounce off it and continue the uptrend. However, the quotes […]

Brent On H4, the quotes are above the 200-day Moving Average, implying an uptrend. The RSI has risen above the resistance line. A breakaway of 8/8 (87.50) upwards should be expected, followed by growth to the resistance line of +1/8 (89.06). The scenario can be cancelled by a downward breakaway of the support level at […]

GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is pushing off the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line at 1.2310 is expected, followed by growth to 1.2655. An additional signal confirming the growth will be a […]

EURUSD, “Euro vs US Dollar” The currency pair has demonstrated a link of growth to 1.0842. This structure is iinterpreted as a correction of the previous structure of decline. Today a new link of decline to 1.0765 is beginning. The goal is first. Then a correction to 1.0830 and a wave of decline to 1.0690 […]

Daily Market Outlook, January 19, 2023  Bad News Is Bad News After All… Investors responded negatively to a round of weak US data yesterday, the trifecta of retail sales, industrial production and producers prices data left the markets with heightened concerns of imminent recession looming for the world’s largest economy, Asian investors followed suit with […]

Bitcoin broke the psychological level of 20000, touching the resistance at the level of 210000. Now, the price of Bitcoin is getting ready for the pullback. Bitcoin might potentially gain the required support at the level of 20000, pull from it, and jump. So, let’s observe what will happen next. Silver has approached the resistance […]

The minutes of the December policy meeting of the ECB released today reinforced the hawkish policy stance that the ECB tried to communicate during and after the meeting: the Bank is far from completing the tightening cycle and more rate hikes are necessary. The key takeaways of the December minutes were that “the direction of […]