Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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The increasing rates of inflation have reflected noticeably on the prices of electricity generated from renewable energy sources in America, and expectations indicate further rises to come. In light of the high demand for goods, coinciding with the recovery from the Corona pandemic, prices rose, including electricity. Nevertheless, expectations indicate that the increase in the […]
Gold prices fell on Friday, due to widespread profit-taking, while the yellow metal was preparing to achieve weekly gains for the second time in a row. Gold found support as investors turned to safe haven assets, awaiting signals of an interest rate hike from the US Federal Reserve meeting next week. Gold prices ended their […]
Risk assets tried to tune in to rebound in yesterday’s session, but later, the decline in US stock indices, led by tech stocks, thwarted these plans. Demand for defensive assets rose on Friday, the yen, dollar and franc advanced, currencies sensitive to fluctuations in the business cycle were under pressure. The relative stability of oil […]
Worst December Retail Sales On RecordThe British Pound is back under pressure today following a dismal set of retail sales for December. Retail activity was seen falling by 3.7% over the month, well below the -0.6% reading forecast, marking a stark drop from the prior month’s 1% gain. Indeed, at this level, UK retail sales […]
• Facebook reversed from support zone • Likely to rise to resistance level 327.00 Facebook recently corrected up from the support zone lying between the key support level 307.00 (which has been reversing the price from last May) and the lower daily Bollinger Band. The support zone near the support level 307.00 was strengthened by […]
• Nikkei 225 reversed from support level 27375.00 • Likely to rise to resistance level 27750.00 Nikkei 225 index today reversed up sharply from the pivotal support level 27375.00 (which reversed the index multiple times from May of 202 never allowing the price to fall far below this price level). The upward reversal from the […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, the asset is moving to the downside after finishing the correctional uptrend at 50.0% fibo and divergence on MACD. One can expect another rising impulse towards 61.8% and 76.0% fibo at 0.7340 and 0.7420 but the main scenario implies a further […]
EURUSD got under local pressure; investors need “safe haven” assets. The major currency pair remains under pressure on Friday. The current quote for the instrument is 1.1329. The statistics from the US are rather controversial and raise a lot of questions but market players seem to have stopped paying attention to it. The “greenback” […]
Type: Bearish ReversalKey Levels:Resistance: 0.73106Pivot: 0.72637Support: 0.71733Preferred Case:With price at the resistance of the Ichimoku cloud, we are biased that price will drop from our pivot at 0.72637 in line with the 61.8% Fibonacci retracement and the horizontal overlap resistance to 1st support at 0.71733 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price […]
Type: Bearish ReversalKey Levels:Resistance: 125.408Pivot: 125.036Support: 124.14Preferred Case:Prices are on bearish momentum and we see the potential for a dip from our Pivot at 125.036 in line with 50% Fibonacci retracement towards our 1st support at 124.14 in line with 100% Fibonacci retracement and 61.8% Fibonacci extension. Prices are trading below our ichimoku clouds further […]
Credit AgricoleAsia overnightA modest retreat in UST yields and Chinese policymakers’ actions to shore up the economy helped sentiment recover a little during the Asian session. Newswires reported that Chinese regulators are considering allowing property developers to use certain funds from presold properties to help ease a liquidity crunch. The PBoC also cut lending rates, […]
Daily Market Outlook, January 20, 2022 Overnight Headlines US President Biden: We Can Still Pass Big Chunks Of Spending Plan Biden: Not There Yet On Possible Easing Of Tariffs On Chinese Goods Manchin, Sinema Join GOP To Sink Filibuster Change For Voting Bill Desperate Dems Signal Support For Cutting Biden Bill Down In Size France […]