Market Analysis

EURUSD At A Turning Point? The rally in the EUR stemming from last week’s hawkish ECB meeting has seen EURUSD breaking out above the bear channel for the first time this year. With plenty of bullish divergence on momentum studies into recent lows, there is room for a fuller recovery here. The sharp shift in […]

The British pound against the US dollar recovered quite a bit upon renewing the lows. The current quote is 1.1621. Great Britain is now through a hard time, and now it is not even about finance: first the country had to decide upon the new head of the Conservative party who then becomes the Prime […]

EURUSD, “Euro vs US Dollar” The pair is pushing off the upper border of the descending channel. It is moving above the Ichimoku Cloud, indicating an uptrend. A test of the Tenkan-Sen line is expected at 1.0060, followed by growth to 1.0240. An additional signal confirming the growth will be a bounce off the upper […]

The highlight of next week’s economic calendar will be the US inflation report. Economists and investors expect the downward trend that began in July to continue. If the data lives up to expectations or inflation slows faster than forecasted, the likelihood that the Fed will slow down the pace of policy tightening will increase. In […]

Another week comes to a close in financial markets and what a week it’s been. We’ve seen three major central bank meetings, each delivering fresh rate hikes in the G10, a change of leadership in the UK as well as comments from Fed chairman Powell. In terms of moves to focus on, its been rich […]

Credit Agricole Stagflation Becoming A Major Theme Stagflation has become a major theme for FX markets. The extent of stagflation an economy is experiencing can be measured by the misery index (the sum of their inflation and unemployment rates). This index also measures how much damage central banks will have to inflict to get inflation […]

Type : Bearish Drop Key Levels:Resistance : 686’6 Pivot: 673’6 Support : 654’4 Preferred Case: On the H4, with there’s a bearish divergence of price and MACD , and there’s potential double top pattern, we have a bearish bias that price may drop from the pivot at 673’6, where the 61.8% fibonacci projection is to […]

ECB Hikes Again The Euro has been firmly bid today on the back of the September ECB meeting yesterday. The meeting saw the bank hiking by .75%, as expected, lifting rates to 1.25%. The hike, which was the largest by the ECB in more than half a century, was accompanied by a firmly hawkish set […]

European stocks rebounded on Friday after the hawkish outcome of the ECB meeting and better-than-expected ECB economic staff projections. European Union energy ministers met on Friday to discuss how to tackle the energy crisis. The key point on the agenda was the price cap on Russian gas and oil. Rising gas prices may force some […]

Type : Bearish Drop Key Levels:Resistance : 0.0072070 Pivot: 0.0070830 Support : 0.0069070 Preferred Case: On the H4, with price moving below the ichimoku indicator and descending trendline, we have a bearish bias that price may drop from the pivot at 0.0070830 where the 23.6% fibonacci retracement is to the 1st support at 0.0069070 where […]

Type : Bearish Drop Key Levels:Resistance : 22420 Pivot: 20785 Support : 18610 Preferred Case: On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop from the pivot at 20785 where the overlap resistance and 38.2% fibonacci retracement are to the 1st support at […]

Type : Bearish Drop Key Levels:Resistance : 1439’2 Pivot: 1394’2 Support : 1303’4 Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 1394’2 where the pullback support is. Once there is downside confirmation that price has broken pivot structure, we […]