Market Analysis

US equities fell on Monday, however Asian markets managed to resist the bearish mood on Tuesday, closing on the green side. This is due to a slowdown in the flow of negative news from the geopolitics’ front and from central banks that are fighting inflation. Demand for risk recovered in European markets as well, European […]

ETH On Watch Following the much-vaunted Ethereum network merge which was completed on September 15th, ETH has been fairly lifeless. Ahead of the network consolidation, which has seen ETH issuance drop by 98%, many players were calling for a sizeable rally in ETH. Looking at current price action, we can see that ETH actually continued […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after plummeting earlier. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0905 and then resume moving downwards to reach 1.0105. Another signal in favour of a further downtrend will […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance level, USDCAD may reverse in the form of a new descending wave. In this case, the downside correctional target may be at 1.3600. Later, the market may rebound from this […]

The Pound Sterling rebounded from the “bottom” against the USD. The current quote for the instrument is 1.0799. Now it can be said that all the market reactions relating to the Pound were caused by the £45-billion tax cut package announced earlier by the British government to help the country’s population and companies. The package […]

The major currency pair is looking rather neutral on Tuesday. The current quote for the instrument is 0.9650. Demand for the USD remains high and the reasons for this are still the same – global risk aversion and negative vibes inside the Euro Area economy. The US didn’t publish any interesting statistics yesterday. Germany reported […]

Sweeping unidirectional moves across many asset classes last week saw the most liquid FX market begin to experience liquidity problems and may have triggered a margin call cascade. Early on Monday morning, the pound sterling and the euro struggled to find buyers for several minutes, while the dollar index set a new high (114.50): Dollar […]

Bond and equity markets’ downward rally intensified on Friday amid signs of escalation of the conflict in Ukraine. The two sides of the conflict have moved to raise the stakes, Russia is going to hold referendums in the occupied territories while the EU is going to accelerate for the introduction of a energy price cap […]

BNY Mellon The Message Gets Through, Finally The FOMC last week finally broke the spell markets had been under, leaving them now spooked by the prospect of the ‘pain’ that Chair Powell has warned is the price of the Fed’s anti-inflation push. Adding to the disquiet, Japan’s intervention to support the yen was predictably ineffective […]

The price of Bitcoin keeps moving along the supporting level of 19000 without breaking it down. Bitcoin is likely to pull back from the level of 19000 and target the level of 22000 next. The price of the currency pair EUR/USD broke the support at the level of 0.9865 and dropped. This asset should get […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 1645.00. At the same […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading within the “oversold area”. The Relative Strength Index is below 30, confirming that the asset is oversold. In this case, the price is expected to break -1/8 and continue growing to reach the resistance at 1/8. Still, this scenario […]