Market Analysis

Aussie Rates Hit 10-yr Highs The RBA continued with its tightening program overnight. The December rates meeting saw the bank pressing ahead with a further .25% rate increase, as expected. Additionally, the bank signalled that further hikes would likely be necessary given the inflationary backdrop, warning that the path of monetary policy was not set […]

The RBA delivered a 25 bp rate hike and indicated that it plans to deliver at least a 50 bp tightening in 2023 driving terminal rate to 3.6%. There were no bullish implications for AUD as the RBA’s decision was priced in, with market participants focusing on the recession risk in the economy of key […]

Type: Bullish Continuation Key Levels:Resistance: 1.06680Pivot: 1.05085Support: 1.03315 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly break the pivot at 1.05085, where the […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the resistance level, the currency pair has formed a Shooting Star reversal pattern. Currently, the pair can go by the signal in a descending wave. The goal of the decline will be 1.3545; later the price may bounce off the support level and extend the uptrend. […]

On Tuesday, the market major demonstrates quite limited activity. Current quote is 1.0510. Investors keep despising the USD because they are sure that in December the Fed will lift the interest rate by 50 base points instead of 75 base points as planned before. The European statistics published yesterday demonstrated that the Sentix CCI in […]

Technical Trade Set Ups For SP500, DAX, TLT & EURUSD Source: Tickmill

Type: Bearish Momentum Key Levels:Resistance:745.500Pivot:613.250Support:665.000 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the the support level at 665.000, where the 78.6% Fibonacci line is. Alternative […]

GBPUSD, “Great Britain Pound vs US Dollar” The pair is correcting inside 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 1.2045 is expected, followed by growth to 1.2735. An additional signal confirming the growth will be a bounce […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has bounced off the support line. Currently, we should expect a test of 8/8 (0.6835), a breakaway of it, and growth to the resistance level of +1/8 (0.6958). The scenario […]

Type: Bearish Drop Key Levels:Resistance: 2500Pivot: 2422Support: 2275 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 2422, where the 50% Fibonacci […]

 Stocks Held Up Between Opposing Factors  Risk markets have had a tricky start to the week with traders caught between two opposing market forces. On the one hand, a stronger USD and higher yields is acting as a headwind to asset prices. However, growing optimism around easing covid restrictions in China is helping underpin sentiment. […]

On Tuesday, the Australian dollar against the US dollar is growing. The current quote is 0.6718. At the latest meeting, the Reserve Bank of Australia lifted the interest rate to 3.10% from 2.85%. This decision had been anticipated. The increase by 25 base points is quite by the previously voiced monetary policy of the RBA. […]