Market Analysis

Apple Higher on Debt Ceiling Optimism  Apple shares are trading higher ahead of the open today with the pre-market price putting the stock at its highest level since early 2022. The general improvement in risk appetite through the week has helped drive stocks higher with tech stocks among the biggest beneficiaries. Apple shares have been […]

The rally in Treasury yields is encountering minimal resistance, and mid-March levels have already been reached: Recently, comments from top Federal Reserve (Fed) officials arrived with unusually unambiguous positions. The emphasis was on “no signs of significant decline” in certain service sectors (Jefferson) or that “a year is not long enough to feel the full […]

Inflation Rise Puts Fresh Focus on BOJ JPY is seeing better demand today on the back of the latest CPI figures released overnight. National Core CPI was seen rising to 3.4% last month, above the prior and expected 3.1% reading the market was looking for. The data has put fresh focus on a possible shift […]

DAX Trades Higher on Debt Ceiling Relief The DAX broke out to its highest level since January 2022 yesterday as optimism over an expected US debt ceiling deal helped drive bullish sentiment in stocks. Encouraging comments from Speaker of the House Kevin McCarthy yesterday regarding the likelihood of a deal in principle being agreed ahead […]

TitleNZDUSD H4 | Bearish reversal TypeBearish Reversal Preference: Price is approaching our pivot point of 0.62621 which is an overlap resistance level. A reverse from her price could fall to 1st support at 0.62076 which is a swing low support level. Alternative scenario:However, If price breaks above the pivot, price could rally to 1st resistance […]

The BTC rate on Friday remains near 26,930 USD. The weekly growth is 2.5%. The lack of consensus between the US Congress and the White House on the public debt issue is making investors cautious. As the correlation between the Nasdaq and S&P 500 indices and the BTC is restored, everything happening in the US […]

The Japanese yen paired with the US dollar has accelerated the pace of devaluation. The current quote is 138.17. The yen was declining faster but fresh price statistics stopped its fall. For example, annual inflation in Japan increased by 3.5% in April from 3.2% a month before. The CPI rose by 0.6% m/m after growing […]

TitleBCOUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 77.969 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 73.523. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 80.786. To discuss this trading idea, […]

TitleBTCUSD H4 | Falling to support TypeBullish Bounce Preference:Price could approach the pivot point of 26577.94 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28171.06. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 25785.98. To discuss this trading idea, […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be 1.3410. Next, the price will have a chance to break the support and continue the downtrend. However, a correction to 1.3550 […]

BRENT On H4, Brent quotes have risen to 0/8 (75.00), escaping the oversold area. The RSI has rebounded from the support line. In this situation, a test of 1/8 (78.12) is expected, followed by a breakout of this level and a rise to the resistance level of 2/8 (81.25). The scenario can be cancelled by […]

USD Short-Squeeze Continues The Dollar was seen breaking out to its highest levels in six months yesterday as debt ceiling optimism and hawkish Fed sentiment combined to drive support for the DXY. With a debt ceiling deal now looking highly likely, the expected economic boost is fuelling an uptick in hawkish Fed expectations ahead of […]