Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Powell’s speech disappointed proponents of the idea that the Fed is in a hurry to normalize policy with the pace priced in by market expectations, which were shaped after the release of the minutes of the December FOMC meeting. Despite assurances that the Fed will not allow high inflation to take root in consumers expectations, […]
US CPI In FocusThe main data focus today, and for the week as a whole, is the December US CPI reading. Given the high level of hawkish Fed expectations the market will be looking to today’s data to essentially confirm a March rate hike. While the December jobs number was weaker than expected, bulls are […]
GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, GBPUSD has reached 61.8% fibo after convergence on MACD and may boost its growth towards 76.0% fibo at 1.3672. After that, the pair may start a new correction to the downside before attacking the high at 1.3824. The key support […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.1313 and rebounding from this level, EURUSD is still growing and has already reached 1.1363; right now, it is consolidating around the latter level. Later, the market may break the range to the upside and form one more ascending structure with the short-term target […]
• AIG reversed from key resistance level 62.00 • Likely to fall to support level 59.00 AIG recently reversed down from the pivotal key resistance level 62.00 (former monthly high from November), strengthened with the upper daily Bollinger Band. The downward reversal from the resistance level 62.00 stopped the previous intermediate impulse wave (3). Given […]
• USDCHF reversed resistance level 0.9250 • Likely to fall to support level 0.9110 USDCHF recently reversed down from the pivotal resistance level 0.9250 (which has been reversing the price from the end of November), intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward wave (ii) from November. The […]
Type: Bearish ReversalKey Levels:Resistance: 158.75Pivot: 158.107Support: 155.964Preferred Case:Prices are at a daily Pivot. We see the potential for a pullback from our sell entry at 158.107 in line with 100% Fibonacci extension and 100% Fibonacci retracement towards our 1st support at 155.964 in line with 23.6% Fibonacci retracement. RSI is on bearish momentum.Alternative Scenario:Alternatively prices […]
Type: Bearish ReversalKey Levels:Resistance: 115.678Pivot: 115.52Support: 115.019Preference:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 115.52 in line with 38.2% Fibonacci retracement towards our 1st support at 115.019 in line with 78.6% Fibonacci extension, 38.2% Fibonacci retracement and 127.2% Fibonacci extension. Our […]
USDJPY is slowly growing for the second trading session in a row; market players don’t need “safe haven” assets. The Japanese yen is falling against the USD. The current quote for the instrument is 115.36. After a quite successful trading session on Monday, the Yen has been falling for the second consecutive day. The reason […]
EURUSD rose pretty much; investors aren’t interested in the “greenback”. The major currency pair remains in a good mood on Wednesday. The current quote for the instrument is 1.1364. The US Fed Chairman Jerome Powell, who spoke yesterday, provided market players with enough catalysts for further movements. First of all, Powell found a perfect […]
CitiEuropean OpenThe US CPI ahead seems to be reducing risk appetite in a dull session, with DXY flat and treasuries firmer in a tight range. Chinese CPI and PPI missed in today’s print, while USDCNH dipped on the announcement, on the back of a return in spot selling interest. Comments from BoJ’s Kuroda did not […]
Daily Market Outlook, January 12, 2022 Overnight Headlines White House Braces For Another Brutal US Inflation Report Pres Biden Urges Congress To Pass Voting Rights Legislation Sen Toomey Warn On Possible Raskin Pick As Fed Regulator China Inflation Fuels Rate-Cut Calls As World Set To Tighten BoJ Kuroda: Inflation Set To Gradually Accelerate On Energy […]
