Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Gold prices retreat from the highest level in a week Gold prices fell on Tuesday, but remained near their highest levels in a week, pending the release of US inflation data for January, which is crucial to the Federal Reserve’s tapering schedule. This comes with continued fears between Russia and Ukraine, which supported the yellow […]
Oil prices deepened their losses by about 2% during trading on Tuesday, with US crude falling below $90 a barrel, while awaiting talks between Iran and the United States on the nuclear deal. Investors are waiting for the resumption of indirect talks between the United States and Iran that could revive the nuclear deal, which […]
The surprisingly strong NFP report for January markedly eased pressure on the dollar as it reminded that the Fed is likely to lead a hawkish policy reassessment by the central banks of major economies. After release of the report, the two-year US bond yield surged by 9 bp to 1.3%, indicating that the report made […]
Pfizer Reports TodayUS pharmaceuticals giant Pfizer is in the spotlight today. The company reports 2021 Q4 earnings and traders will be keen to take advantage of any volatility around the release. Pfizer shares have been trading lower over recent months, correcting from all-time highs above the $61 level, printed in December, to current lows around […]
EURUSD is reaching stability after skyrocketing last week. The major currency pair is calming down after significant fluctuations last week. The current quote for the instrument is 1.1460. With not too many macroeconomic statistics in the picture, investors have plenty of time to analyse and discuss the prospects of global monetary policies. For example, […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.1425. Possibly, today the pair may fall with the short-term target at 1.1386. Later, the market may correct to test 1.1410 from below and then resume trading downwards to reach 1.1370. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues forming a new consolidation range […]
Type: Bullish BounceKey Levels:Resistance: 15254Pivot: 14496Support: 13843Preferred Case:With price approaching the support the Ichimoku cloud, we are biased that price will rise from our pivot structure at 14496 in line with the horizontal overlap support and 50% Fibonacci retracement to 1st resistance at 15254 in line with the horizontal overlap resistance and 61.8% Fibonacci projection […]
CIBCFX FlowsDXY Index firmed up after soft start. China and Hong Kong equity indices are in red territories.Small buying of EUR$ and its crosses following FT article where France said Putin has moved towards de-escalation. EUR¥ reached 132.00, some profit taking noted, this placed pressure on the EUR$. I was told that there are several […]
• American Express broke multi-month resistance level 188.75 • Likely to rise to resistance level 195.00 American Express today broke above the key multi-month resistance level 188.75 (which stopped the previous sharp upward impulse (5) in October of 2021). The breakout of the resistance level 188.75 should accelerate the active impulse waves 3 and (3). Given […]
• AUDJPY broke key resistance level 82.00 • Likely to rise to resistance level 83.00 AUDJPY currency pair recently broke the key resistance level 82.00 (which has been reversing the price from the middle of December). The breakout of the resistance level 82.00 coincided with the breakout of the daily down channel from January and […]
USDJPY rose after consolidating for several trading sessions. The Japanese Yen dropped a little bit against the USD on Tuesday. The current quote for the instrument is 115.35. Global capital markets are well-affected towards risks and that reduces the demand for the Yen as a “safe haven” asset. According to the data released earlier […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset is quickly correcting to the upside after completing the previous downtrend, which failed to reach 76.0% fibo at 1.1047 due to convergence on MACD. As of now, the first rising impulse has already reached 23.6% fibo. In the nearest future, […]