Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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EURUSD, “Euro vs US Dollar” The currency pair is testing the signal lines of the Cloud. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0550 is expected, followed by growth to 1.0725. An additional signal confirming the growth will be a bounce off the […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, AUDUSD quotes are above the 200-day Moving Average, which indicates an uptrend. The RSI is testing the support line. The pair is expected to rise above 7/8 (0.6774) and then reach the resistance level of +1/8 (0.6897). The scenario can be cancelled by a downward breakaway of […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI is testing the support level. Hence, the pair is expected to rise above 7/8 (1.0620) to the resistance level of 8/8 (1.0742). Thrle scenario can be cancelled by a downward breakaway of […]
The Fed is expected to deliver a 50 bp rate hike on December 14, continuing to meticulously dampen inflation pressure in the economy. However, the chances of a recession that markets price in continue to rise, as evidenced from the bond prices recovery and dollar sell-off. This undermines the Fed’s efforts to ease price pressures. […]
Daily Market Outlook, December 12, 2022 Investors Pare Risk Ahead of This Week’s Inflation Data & Central Bank Decisions Asian equity markets have started the week on the back foot, as investors pare risk positions ahead of tomorrow’s US headline inflation data coupled with major central bank announcements due Wednesday and Thursday. Friday’s firmer PPI […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0535. Today a link of decline to 1.0483 is expected, followed by growth to 1.0535. With an escape upwards, the price may grow to 1.0650. With an escape downwards, a pathway to 1.0390 will open. GBPUSD, “Great Britain Pound vs US […]
GBPUSD, “Great Britain Pound vs US Dollar” The currency pair is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which indicates prevalence of an uptrend. A test of the upper border of the Cloud at 1.2145 is expected, followed by growth to 1.2640. An additional signal confirming the […]
American stock index S&P500 broke the uptrend and got back to it. Currently, the asset is trying to pull from the broken trendline. However, the index will have to break the level of 3930 first. After that, it might potentially hit the level of 3600. So, let’s wait and see what is going to happen […]
Metals Markets Await US CPI & Fed Following the rallies we’ve seen over the last month or so, both gold and metal look hungry to break out here. Both metals have seen choppier action in recent weeks though have still been grinding higher amidst a broadly lower US Dollar. The key decider this week will […]
The BTC failed to keep balance and on Monday dropped to 16,934 USD. The second attempt in a row to rise above the intermediate support level of 17,200 USD failed. The market stepped back to the comfortable consolidation area. Now the support levels of 16,600 USD and 16,300 USD turn out working. If they are […]
On Monday, the British pound against the US dollar is decreasing a bit. The current quote is 1.2240. Nonetheless, the pound looks stable even with the domestic events and news. Morning statistics from Great Britain demonstrated that industrial production in October dropped by 2.3% y/y, which turned out better than the forecast of 2.8% and […]
GDP Rises on Month, Dips on Quarter The latest UK GDP data this morning paints a bleak picture ahead of the BOE meeting on Thursday. At first glance, the 0.5% rise in October looks promising, marking an uptick from the prior month’s -0.6% reading and a beat on the 0.3% the market was looking for. […]