Market Analysis

On Friday, the BTC is retracing moderately, balancing near 17,492 USD. At the same time, weekly growth of the BTC amounts to 1.6%. A great victory of the leading crypto is securing above the intermediate resistance level of 17,200 USD. The market is holding above it, still having a chance to reach 18,500 USD. There […]

The market major used the US statistics quite efficiently. The current quote is 1.0650. EURUSD is trying and trying to grow, though investors look quite tired after the active week. The US statistics published yesterday demonstrated a decline in November retail sales by 0.6% m/m, while a decline by 0.2% had been forecast after previous […]

Type: Bullish Rise Key Levels:Resistance:2023.0Pivot:1945.0Support:1808.5 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% Fibonacci line is before heading towards the […]

A softer-than-expected US CPI for November has made the job more difficult for the Fed, in the sense that it will be increasingly difficult to justify further rate hikes. Nevertheless, Powell is likely to try to convince markets today that the policy tightening will continue next year and there are good reasons for this. This […]

The key question ahead of today’s ECB policy meeting was whether the bank would opt for a large rate hike with a dovish statement or deliver modest tightening policies while retaining a hawkish stance. The meeting indicated that the ECB leaned in favor of the second option. In its statement, the ECB did not skimp […]

Bitcoin has pulled from the level of 17000, targeting the level of 18000. Currently, the price of Bitcoin is approaching the level of 18500. The asset is likely to pull from this level and drop next to the uptrend. It is possible that Bitcoin will undergo correction and head up. Silver is heading up. Hence, […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are in the oversold area. The RSI has bounced off the support line. An upwards breakaway of 0/8 (0.9277) is expected, followed by growth to the resistance level of 2/8 (0.9521). The scenario can be cancelled by a downward breakaway of the support level of […]

BOE & ECB On Deck Today Following on from the Fed yesterday, the BOE and ECB December meetings will take centre stage today. Both central banks are expected to hike by a further .5% while signalling the need for continued hikes into next year. However, if we’re looking at where the risks lie in terms […]

Daily Market Outlook, December 15, 2022  Asian equities are trading on the backfoot following last night’s more hawkish read from the US Fed policy decision, while the pace of tightening was reduced, with interest rates increasing by 50bp (to a Fed funds rate of 4.25-4.50%) compared with the 75bp hikes at the prior four meetings, […]

EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around 1.0646. At some point, the range got expanded upwards to 1.0693. Today the market has returned to 1.0646. The decline is expected to continue to 1.0616, i.e. the lower border of the range. Next, a correction to 1.0646 looks possible, followed […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the Tenkan-Sen line. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0610 is expected, followed by growth to 1.0935. An additional signal confirming the growth will be a bounce off the lower border of the bullish […]

Fed Says Rates To Be Higher For Longer The December FOMC outcome yesterday was noteworthy in that, while the Fed finally pivoted on rates, the accompanying guidance was more hawkish than expected. The net outcome was that USD has been well bid on the back of the meeting while risk assets have suffered. The main […]