Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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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, […]
TitleEURUSD M15 I Falling to support level TypeBearish Drop Preference:Price is currently at the pivot point of 1.0974, A reverse from this point could lead the price to fall to 1st support level at 1.0941 which is a multi swing low support level Alternative scenario:If price breaks above the pivot, it might rise to 1st […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are below the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, the price is expected to break the 3/8 (0.8483) level downwards, followed by a decline to the support at 2/8 (0.8422). The scenario could […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.0997 and a correction to 1.0930. Today the market is forming a new growth structure to 1.1010. Upon reaching this level, a decline wave to the 1.0944 level is expected, from where the trend might continue to 1.0877. This is a local target. […]
TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 0.8589 which is a pullback support level and could potentially break under from here; we could see momentum carry price down to its 1st support at 0.85623 which is a pullback support level. Alternative scenario:If price breaks above the pivot point, it […]
ETH Breaks Out Yesterday’s historic announcement that the SEC has approved 11 spot-Bitcoin ETFs for public trading has fuelled a wave of excitement across crypto markets. While Bitcoin is seeing a relatively muted response so far, ETH has been the standout winner. The market soared yesterday on the news trading back up to its highest […]