Market Analysis

EURUSD, “Euro vs US Dollar” EURUSD has broken 1.0920 downwards and continues developing a structure of decline to 1.0880. After the quotes reach this level, a link of growth to 1.0920 is not excluded (a test from below). Next, a decline to 1.0857 is expected, from where the wave could continue to 1.0750. This is […]

The FTSE Finish Line – June 28 – 2023 Sage Leads Blue Chips Higher, BoE’s Bailey Notes Resilient UK Economy  The FTSE sended Wednesday’s trading session on a modest positive note gaining 0.25%, following the overnight gains on Wall Street. Bank of England (BoE) Governor Andrew Bailey commented on the UK economy at the Sintra […]

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The major currency pair maintains upward momentum on Wednesday. The current EURUSD quote is 1.0950. President of the European Central Bank Christine Lagarde stated the day before that the ECB is unlikely to be able to declare achieving peak interest rates and the end of the interest rate hike cycle soon. Thus, the foreign exchange […]

The Australian dollar is rapidly declining against the US dollar on Wednesday. The current AUDUSD quote is 0.6643. The Aussie is aiming at its three-week lows today as investors receive confirmation of the Reserve Bank of Australia’s intention to pause its tight monetary policy cycle. The Australian inflation statistics for May prove this development. The […]

Better US Data Bolsters Sentiment US stocks turned higher yesterday in response to the latest set of economic data out of the US. New home sales were seeing rising at their fastest pace in over a year at 763k, up from 680k prior and well above the 677k the market was looking for. Additionally, consumer […]

EIA Up Next Crude oil prices are trading a little firmer today ahead of the latest update from the EIA due later today. On the back of the 3.1-million-barrel deficit reported last week, the market is looking for a further drawdown this week of 1.4 million barrels. Despite the drawdown reported last week, crude prices […]

EURUSD, “Euro vs US Dollar” The currency pair has corrected to 1.0970. A decline to 1.0903 is expected today. And if this level also breaks downwards, the potential for a decline to 1.0855 could open, from where the trend might continue to 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has corrected […]

The BTC is hovering around 30,424 USD on Wednesday. Investors are still waiting for positive momentum to drive their buying decisions. The correlation with the US stock market is still low due to the high volume of domestic news. The longer the period of consolidation in BTC lasts, the higher the chances of a slight […]

China Economic Fears Copper prices are under heavy selling pressure as we cross through the middle of the week as fears over the Chinese economy and hawkish Fed expectations combine to weigh on sentiment.  The latest round of data out of China showed that profits from industrial firms there slowed sharply in the first five […]

Gold investors appear to have become weary of waiting for low interest rates (as central banks show no indication of halting their current tightening course), developments in the US banking stress narrative or geopolitical tensions that would ultimately validate their optimistic outlook for gold’s growth potential. On Wednesday, gold accelerated its decline, and the test […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the upper border of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0890 is expected, followed by a rise to 1.1125. An additional signal confirming the rise will be a […]