Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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US Core PCE Up NextThe next key data focus for markets will be today’s US Core PCE data for May. On the back of Powell’s comments yesterday, where he downplayed recession fears and focused on the need to tame inflation, today’s data will be even more closely watched. With PCE the Fed’s preferred inflation input […]
Gazprom CollapsesShares in state-owned Russian energy company Gazprom plunged 35% today in response to the company cancelling its dividend payout to shareholders for the first time since 1998. Announcing the news, Deputy CEO Famil Sadygov said “The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 […]
GBPUSD took a break after a couple of days of plummeting. The Pound sterling stopped falling against the USD. The current quote for the instrument is 1.2135. First of all, the Pound is under domestic pressure – the United Kingdom has just survived the most significant rail strike in 30 years. However, labour unions aren’t […]
EURUSD plunged in the last 24 hours – the asset remains under pressure. The major currency pair is moving hesitantly on Thursday. The current quote for the instrument is 1.0439. The US GDP Q1 report published yesterday showed -1.6% y/y, which is worse than the expected reading of -1.5% y/y. The components of the report […]
Gold prices marginally declined during trading today, Thursday, June 30, 2022, and are heading to record the worst quarterly performance since early 2021. The strong performance of the dollar has kept investors away from bullion, amid moves by major central banks to adopt strict tactics to fight inflation. Gold Prices Today The price of gold […]
Amazon Heading Lower?Price action in Amazon shares is starting to look very precarious for the company. Price has recently been trading lower within a well-defined bearish channel and while the downtrend is currently stalled along support at the 100.55 level, price looks to be forming an interim head & shoulders pattern, suggesting scope for a […]
ECB Ups The AnteThe ECB’s message on inflation took a more aggressive turn yesterday, flagging clear hawkish risks into the July ECB meeting in coming weeks. Speaking during the ECB’s Sintra Forum (which continues today), Lagarde noted that, in the eurozone, “Inflation pressures are broadening and intensifying,” going on to say that CPI is “undesirably […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside target may be at 1.0490. However, an alternative scenario implies […]
EURUSD, “Euro vs US Dollar” EURUSD continues falling towards 1.0420. Later, the market may correct up to 1.0515 and then resume trading downwards with the target at 1.0395 or even extend this structure down to 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues falling towards 1.2100 and may later correct up to 1.2200. […]
Signs of escalation in geopolitical tensions and fresh warnings of recession in top economies pushed stock markets off balance, with the S&P 500 closing down 2% and Nasdaq shedding 3% on Tuesday. European markets picked up the negative baton today, the main equity indices in Europe fall by 1-1.5%. Yesterday it became known that Turkey […]
Mester Pushes For Larger HikeAhead of Fed chairman Powell’s comments at the ECB’s Sintra Forum today, markets are reacting to comments from Fed’s Mester who spoke earlier today. Speaking on CNBC, Mester said that she would be in favour of a further .75% hike in July, following on from the .75% hike in June. Mester […]
Type: Bullish RiseKey Levels:Resistance: 4200.25Pivot: 3824.00Support: 3641.75Preferred Case:On the H4, with price moving in an ascending trend channel and bouncing off the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 3824.00 at the overlap support in line with the 61.8% fibonacci projection to the 1st […]