Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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TitleEURUSD H4 | Bearish Reversal TypeBearish Reversal Preference:Price is rising toward to the pivot point of 1.1030 which is a pullback resistance that aligns with the 61.8% Fibo retracememt. A reverse from this point could lead the price to fall to 1st support at 1.0930, a multi swing low support level. Alternative scenario:If price breaks […]
Middle Tensions Supporting Gold Gold prices remain in the green across early European trading on Monday, extending gains from Friday. Risk sentiment remains subdued amidst ongoing global geopolitical unrest. News of a US warship shooting down an attempted missile strike from Houthi rebels has prompted fears of fresh US/UK strikes in Yemen, further raising risks […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the resistance level at 1.1030. However, the price could drop to 1.0920 and continue the uptrend after the correction. USDJPY, “US Dollar vs […]
The British pound sterling, paired with the US dollar, hovers near a five-month peak. The current GBPUSD exchange rate stands at 1.2754. Previously released statistics confirmed that economic growth in the UK surpassed expectations in November. At the same time, it remained subdued over the last quarter. In November, the UK’s GDP rose by 0.3% […]
Middle East Tensions Drive Oil Oil prices are surging higher on Friday as worrying developments in the Middle East point to heightened supply disruptions. Iran reportedly seized an oil tanker in the Gulf of Oman yesterday carrying around 145 tonnes of crude. While the attack was not linked to Houthi rebels, uncertainty in the area […]
Gold Shrugs Off US CPI Strength Gold prices are rising on Friday despite yesterday’s stronger-than-forecast US CPI print. Inflation was seen rising again in the US last month with headline CPI printing 3.4% annually, up from 3.1% prior and above the 3.2% the market was looking for. Interestingly, however, rate cut expectations for March were […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below, please like & share! Emini SP500 https://www.youtube.com/watch?v=Kq99KUvMCtU Emini Nasdaq https://youtu.be/JdEqiSRYhHA?si=dvNgFtg5zK0qQIyR Emini DowJones https://www.youtube.com/watch?v=thYb27uB7ws Source: Tickmill
So, the US inflation report for December didn’t exactly set the market on fire. It caused a brief dollar rally, with the US dollar index going up from 102.20 to 102.70, but it lost all its gains later on. Even the two-year rate took a dip, from 4.34% before the report to 4.26% on Friday: […]
TitleResistance Overhead TypeBearish Reversal Preference: Price could rise towards the pivot point of 0.67292 which is a pullback resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.66556 which is a pullback support level. Alternative scenario: If price breaks above the pivot point, it could […]
TitleEURJPY M15 I Bullish Bounce TypeBullish Rise Preference:Price has just bounced off the pivot point of 159.177, which is an overlap support level, A bounce from this point could lead the price to rise to 1st resistance at 160.05 , a swing high high resistance Alternative scenario:If price break below the pivot, it might fall […]
The primary currency pair is poised for growth on Friday. The current quote in EURUSD is 1.0975. The much-anticipated inflation data has been released. The official Consumer Price Index rose to 3.4% y/y in December from 3.1% last month. In a month-to-month comparison, the figure exceeded expectations, rising by 0.3%. Everything would be fine, but […]
Daily Market Outlook, January 12, 2024 Munnelly’s Market Minute…“US PPI & Bank Earnings On Deck” Asian stocks exhibited mixed results, with major indices largely remaining range bound. The geopolitical landscape contributed to market sentiment, particularly following joint strikes by the US and UK on Houthi targets. Additionally, investors were digesting Chinese inflation and trade data, […]