Market Analysis

In a surprising turn of events, US Treasuries witnessed a sharp rise in demand, driving the 10-Year US yield to a key psychological level of 5%. The sudden surge was not attributed to any specific catalysts, such as new economic data or statements from Federal Reserve officials. Instead, it appears to be a technical pullback, […]

Tech Earnings in Focus Q3 US earnings season continues today, and we have a couple of big names in the tech sector to keep an eye on. Along with Spotify, which will be closely watched on the back of 5 consecutive quarters of weaker growth, both Alphabet and Microsoft report today. Ahead of the market […]

The Australian dollar is rising against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6354. Aussie rose to its weekly high because the US government bond yield started declining, and geopolitical risks shrank. Lots of market attention is focused on the comments and actions of the Reserve Bank of Australia. After […]

The main currency pair reached its October high on Tuesday. The current EURUSD exchange rate stands at 1.0680. The US government bond yield stepped back from the peak upon reaching 5% and attracting lots of traders. The currency pair also received some support from the alleviation of the geopolitical risks. The fact that the conflict […]

EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, reaching the local correction target of 1.0686. Today a declining movement to 1.0590 could form. After the price reaches this level, a new corrective movement to 1.0717 might follow. Next, a decline to 1.0400 by the trend is expected. GBPUSD, “Great Britain Pound […]

EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0655 is expected, followed by a rise to 1.0755. An additional signal confirming the rise will be a rebound from the lower boundary of […]

TitleUSDCHF H4 | Bouncing off support level? TypeBullish Bounce Preference:The price is falling toward our pivot point of 0.8862 , which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 0.8931, an overlap resistance. Alternative scenario:However, if the price breaks below the […]

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ETF Optimism Crypto bulls are looking hopeful at the start of the week with BTC seeing continued buying across the European open on Monday. Optimism over expected forthcoming BTC ETF approvals is keeping crypto prices well bid here with BTC now trading above the $30k mark for the second day in a row. Last week, […]

TitleNZDUSD D1 | Bearish momentum to extend further? TypeBearish Reversal Preference:Price could rise towards the pivot point of 0.58558 which is a pullback resistance level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.57495 which is an overlap support that aligns with the 78.6% Fibonacci retracement […]

EURUSD, “Euro vs US Dollar” EURUSD continues forming a consolidation range around 1.0570. A link of decline to 1.0550 is not excluded today. Next, the range could extend to 1.0620. A price decline to 1.0570 might follow. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues forming a consolidation range around 1.2151. A declining link […]

EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 1/8 (1.0559) level is expected, followed by a decline to the support at 0/8 (1.0498). The scenario can […]