Market Analysis

Today, Tuesday, the American Exxon Mobil Corporation announced its profits in the fourth quarter of 2021, reaching 8.87 billion dollars, the largest in 7 years, which led to a rise in profits for the whole year to 23 billion dollars. ExxonMobil’s earnings were driven by higher energy prices over the past period, which was reflected […]

• Boeing reversed from powerful support level 186.70 • Likely to rise to resistance level 210.00 Boeing recently reversed up with the daily Morning Star from the support zone set between the powerful support level 186.70 (which has been reversing the price from November) and the lower daily Bollinger Band. The upward reversal from this […]

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, EURUSD is forming the structure of the ascending wave with the first target at 1.1313. Later, the market may correct towards 1.1220 and then resume trading upwards to break 1.1420. After that, the instrument may continue growing with the short-term target at […]

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, the downtrend continues as the asset is heading towards 76.0% fibo at 1.1047. At the moment, the pair is correcting upwards after completing the previous descending impulse. After the pullback is over, EURUSD may resume falling towards its key target. At the […]

Daily Market Outlook, February 1, 2022 Overnight Headlines Fed Officials See March Rate Hike, But No Roadmap After That US Treasury Lifts Quarterly Borrowing Estimate To $729 Billion Treasury Economist Sees Inflation Easing If Pandemic Recedes US Official: Iran Talks Entered Final Stretch, Time For Decisions US Weighs More Troops To Eastern Europe Past 8,500 […]

EURUSD is rising amid “renascence” of enthusiasm for risks.  The major currency pair continues growing on Tuesday. The current quote for the instrument is 1.1262. The risk attitude in financial markets is improving and that makes the “greenback” less attractive.  In the meantime, the statistics from Germany showed that the Retail Sales dropped 5.5% m/m […]

AUDUSD is trying to keep its positive momentum.  The Australian Dollar continues growing against the USD on Tuesday. The current quote for the instrument is 0.7080. The Reserve Bank of Australia had another meeting today and decided to keep the benchmark interest rate intact at 0.1%, the same as expected.  However, something did happen. The […]

Equities Rebound As Dollar Tanks On Softer Fed CommentaryBenchmark global equities indices are starting February on the front foot with risk assets rebounding firmly this week following the heavy sell off seen over the prior fortnight. Equities appear to have taken some solace in the dialling back of hawkish Fed commentary following comments from Fed’s […]

CitiEuropean OpenLunar new year holidays ensured that it was quiet overnight, with just AUD markets in focus. This gave market participants some time to digest Monday moves, which saw US equities rally into the close. We suspect this was driven by a combination of short covering, month end flow, and slightly dovish Fedspeak relative to […]

Weak China Data Weighs On YuanThe latest set of Chinese PMI data sets released overnight have revealed the impact of fresh COVID lockdowns as the country battles omicron. The Caixin manufacturing PMI was seen falling to 49.1 in January, marking a decline from the prior month’s 50.9 reading and a fresh contraction in the factory […]

Metals In Meltdown As USD ReboundsThe uptick in the US Dollar over the last fortnight has taken a heavy toll on the metals complex with both gold and silver prices sinking. With the Fed having lad the groundwork for a March rate hike, and the market now keenly focused on gauging the likelihood of any […]

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is trading within the “oversold area”. In this case, the price is expected to break -1/8 and then continue growing to reach the resistance at 1/8. Still, this scenario may no longer be valid if the price breaks -2/8 to the […]