Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this scenario may no […]
European Forex news roundup: The dollar rises slightly, but US futures point downward It was a rather calm session, as markets appear to be more cautious following Wall Street’s dramatic recovery late yesterday. Since Asian trading, US futures have been trending lower, and they have remained so throughout European morning trade. As a result, the […]
AUDNOK Breaks The ChannelThe recent AUDNOK breakout trade idea has hit its first target at 6.4202. With MACD and RSI firmly bullish here, the focus remains on the bigger target at 6.5046.Despite the broader wave of risk aversion we’ve seen, AUD has benefitted against NOK firstly as a result of softer oil prices this week […]
Markets Rattled By Russia/Ukraine Military FearsIt’s been a volatile start to the week for benchmark global equities indices. Asset markets have seen wild price action over the last 24 hours with stock prices plunging amidst rising geo-political fears before recovering off the lows. Once again today, however, risk markets are back under pressure as uncertainty […]
AUDUSD continues falling; the statistics were disappointing. The Australian Dollar is falling against the USD on Tuesday. The current quote for the instrument is 0.7148. The Australian CPI showed 1.3% q/q in the fourth quarter after being 0.8% q/q the quarter before and against the expected reading of 0.1% q/q. On YoY, the indicator skyrocketed […]
EURUSD is sliding down; investors are waiting for the Fed meeting and its decisions. The major currency pair remains under pressure on Tuesday. The current quote for the instrument is 1.1288. The statistics published by the Euro Area yesterday were rather mixed. The Services PMI dropped to 51.2 points in January after being 53.1 points […]
Gold prices fell on Tuesday, awaiting signs of a rate hike during the US Federal Reserve policy meeting, which begins today. Concerns about an acceleration of policy tightening by the US Federal Reserve have opposed the safe haven request, which has been fueled by escalating tensions over Ukraine. Gold prices rose about $10 at the […]
The increased geopolitical premium and rotation out risk assets on expectations of higher Fed rate have made a significant contribution to the weakening of currencies tied to business cycle fluctuations or those that correlate with equity returns. High uncertainty around the situation in Ukraine may discourage investors to buy those currencies in near-term, at the […]
UK Data Soft Patch ContinuesGBP traders have been hit by a further round of poor data this week. The latest PMI data sets for January, released yesterday, showed that both the manufacturing and services sector were weaker than expected over the month. The manufacturing PMI was seen falling back to 56.9, from the prior month’s […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after growing and reaching 50.0% fibo, the asset is trading to the downside. This movement may be considered another descending impulse within the downtrend; its closest target is the low at 1.1186, a breakout of which may lead to a further decline […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating near the lows around 1.1330; it has already expanded the range both downwards and upwards to 1.1290 and 1.1334. At the moment, the asset is correcting to the downside. Possibly, today the pair may complete the correction by falling and reaching 1.1307. If later the market […]
EURAUD Looking For Lift OffEURAUD looks poised to breakout here. Price has been holding in a block of consolidation between the 1.5671 level support and resistance at the 1.5876 level, sitting in the lower portion of a large triangle pattern. With both MACD and RSI bullish here, and with the market pressuring the topside level […]