Market Analysis

Daily Market Outlook, November 11, 2022  “Asian markets surged higher overnight, taking their lead from mammoth gains in US markets, with US equity markets adding three trillion dollars of value as US inflation softened. US CPI came in at 7.7% down from the prior print of 8.2%, with the core metric (excluding energy & food) […]

USDJPY Reversal Deepens USDJPY has fallen back under 140 for the first time since September as the correction lower in USD threatens to spill over into a proper reversal. Yesterday’s US CPI release has seen market pricing for the December FOMC swinging in favour of a smaller .5% hike, fuelling an unwinding of USD longs. […]

EURUSD, “Euro vs US Dollar” The pair has completed a wave of growth to 1.0210. At the moment, the market is forming a consolidation range around this level. Today we expect the range to expand to 1.0240. Then a decline to 1.0120 might follow. In case the range is escaped downwards, a pathway to 1.0000 […]

EURUSD, “Euro vs US Dollar” The currency pair is growing inside a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the signal lines of the indicator at 1.0055 is expected, followed by growth to 1.0525. An additional signal confirming the growth will be a bounce off […]

• AUDCAD broke the resistance level 0.8835 • Likely to rise to resistance level 0.8965 AUDCAD recently broke the resistance level 0.8835 (top of wave (a) from the end of October, former support from September). The breakout of the resistance level 0.8835 was preceded by the breakout of the resistance trendline of the weekly down […]

• EURUSD broke resistance level 1.0095 • Likely to rise to resistance level 1.0365 EURUSD recently broke the resistance level 1.0095 (which has been reversing the price from the start of September) intersecting with the 61.8% Fibonacci correction of the downward impulse from August. The breakout of the resistance level 1.0095 led to the subsequent […]

CPI The Key Yesterday’s US CPI report might well prove to be a pivotal moment for the Dollar. Over recent weeks, an increasing number of players have been looking to call a top in USD linked to expectations of a slowing of Fed tightening. With headline CPI having dropped half a percentage point last month, […]

US CPI Shock Ignites Equities  As we round out another week in financial markets we’re certainly not short of interesting price moves to comment on. This week has seen a slew of key trading developments on the back of the US midterms, US CPI release and changes in China’s COVID policy. Talking with traders ahead […]

The BTC has returned to 17,360 USD, but the week has been unbelievably volatile and tough. The turmoil might be not over yet: cryptocurrencies have proved fragile again, and this might be a turning point for the market trust to digital assets. Over the week, the BTC lost 15.6%. Today the capitalisation of the crypto […]

On Friday, the market major is heading up. The current quote is 1.0260. The market is buying actively because the attitude to the future actions of the Federal Reserve System has changed. After the inflation statistics in October for the currency sector were published, a whole revolution happened. So, the CPI in the US over […]

Fresh Fears For Crypto Traders Crypto markets are still awash with fear and panic today as the possibility of crypto exchange FTX collapsing ratcheted higher on news that Binance has walked away from a buyout. Amidst a huge exodus of capital and the more than 90% loss of value in its native token FTT, FTX […]

Oil Traders Increase Longs The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week from 249k to 254k contracts. Despite the increase, upside bets are still just below their recent October peak around 259k and this week we’ve seen price action turning heavily lower, suggesting that next […]