Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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EURUSD is balancing close to parity; the Euro enthusiasts are “holding the fort”. The major currency air is still looking weak. The current quote for the instrument is 1.0022. At some point during the day EURUSD is hitting news lows – the latest one is at 0.9996. Most likely, the asset will drop much lower, […]
Deutsche Bank (Germany’s bank) warned that the aggravation of the gas crisis in Germany may prompt citizens to return to using wood for heating to face the severe cold during the coming winter. According to analysts’ warnings, some homes will have to burn wood for heating instead of gas, as Russia continues to cut supplies, […]
EURUSD volatility around the round 1.00 level remains elevated which creates ripple waves in other USD cross-pairs. After yesterday’s “shocking” CPI release, markets shifted expectations of the upcoming July rate hike from 75bp to 100bp. Earlier, the Bank of Canada surprised markets with a front-loaded 100 bp rate hike, highlighting seriousness of the inflation threat […]
July FOMC Pricing Favours 1% Hike Pricing for the upcoming July FOMC has swung in favour of a full percentage point hike following yesterday’s US CPI report. June CPI was seen rising to 9.1% annually, marking the hottest US inflation reading in 40-years. Looking at the monthly data, headline CPI was seen coming in at […]
GBPUSD remains under bearish pressure on Thursday. The Pound Sterling is retreating against the USD without looking back. The current quote for the instrument is 1.1840. The key reason for this decline is the strength of the American currency. As long as the “greenback” is in demand as a “safe haven” asset and benefits from […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several reversal patterns, such as Hammer, not far from the support area. At the moment, the asset may reverse in the form of a new rising impulse. In this case, the upside correctional target may be the resistance level […]
Type: Bearish Momentum Key Levels:Resistance: 0.0073705Pivot: 0.0073385Support: 0.0072935 Preferred Case:On the H4, with price moving below the ichimoku cloud and along the descending trendline, we have a bearish bias that price will rise and drop from the pivot at 0.0073385 in line with the pullback resistance to the 1st support at 0.0072935 where the swing […]
Type: Bullish Rise Key Levels:Resistance: 12200.5Pivot: 11719.50Support: 11394.5 Preferred Case:On the H4, with price bouncing off the ichimoku cloud and moving in an ascending trendline on the RSI, we have a bullish bias that price will rise from the pivot at 11719.50 in line with the pullback support and 61.8% fibonacci projection. Once we have […]
Type: Bearish Momentum Key Levels:Resistance: 1540’4Pivot: 1494’0Support: 1424’6 Preferred Case:On the H4, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will rise and drop from the pivot at 1494’0 in line with the pullback resistance and 50% fibonacci retracement to the 1st support […]
Type: Bullish Rise Key Levels:Resistance: 31852Pivot: 30821Support: 30405 Preferred Case:On the H4, with price moving in an ascending trendline on the RSI , we have a bullish bias that price will continue to rise from the pivot at 30821 in line with the pullback support and 61.8% fibonacci retracement to the 1st resistance at 31852 […]
EURUSD, “Euro vs US Dollar” EURUSD has finished the descending wave at 0.9999. Possibly, today the pair may correct to test 1.0090 from below and then fall towards 0.9994. Later, the market may start another correction up to 1.0111 and then resume trading downwards with the target at 0.9975. GBPUSD, “Great Britain Pound vs US […]
Consumer inflation in the United States has reached its highest annual rate since 1981. Consumer prices in the United States rose 9.1 % in June, the largest annual increase in more than four decades, as gasoline, food, and rent remained stubbornly high, bolstering the case for the Federal Reserve to raise interest rates by 75 […]