Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Type: Bullish BounceKey Levels:Resistance: 116.586Pivot: 115.63Support: 115.045Preferred Case:Prices are on bullish momentum and consolidating in an ascending channel. We see the potential for a bounce from our Pivot at 115.63 in line with 23.6% Fibonacci retracement towards our 1st resistance at 116.586 in line with 127.2% Fibonacci extension. Our bullish bias is further supported by […]
The Royal Bank of Canada has released a report on the World Energy Outlook in 2022, which reports analysts’ forecasts for the world’s oil, gas, electricity and minerals. The report, which was issued in mid-December, included an optimistic view of energy stocks in 2022, which will be strongly reflected in crude oil prices. The Royal […]
Oil prices extended their gains to about 1% during trading today, Wednesday, with Brent crude rising near $ 81, ahead of the release of official data on US crude stocks. Crude’s gains come, supported by the decisions of the OPEC + alliance, which eased the fears and pressures of the Omicron axis in oil demand. […]
Daily Market Outlook, January 6, 2022 Overnight Headlines China Services Activity Increases Solidly During December – PMI Japan Service Sector Expands At Softer Pace In December – PMI Australia Service Sector Expansion Continues As Price Pressures Rise BoJ’s Stealth Taper: Bond Pile Shrinks For 1st Time Under Kuroda BoJ Seen Raising FY22 CPI Forecast To […]
Type: Bullish BounceKey Levels:Resistance: 131.493Pivot: 130.532Support: 130.078Preferred Case:Prices are on bullish momentum and consolidating in a bullish channel. We see the potential for a bounce from our Pivot at 130.532 in line with 61.8% Fibonacci retracement towards our 1st resistance at 131.493 in line with 78.6% Fibonacci extension. Prices are trading above our Ichimoku Clouds, […]
Futures in the United States are cautiously mixed following the Fed’s induced retreat. US stock futures were narrowly mixed Thursday, with the technology-heavy Nasdaq Composite set for another round of losses after minutes from the Federal Reserve’s most recent policy meeting signaled a faster pace for stimulus withdrawal and interest rate hikes, while traders looked […]
European Forex news roundup: USD/JPY falls from highs as Treasury rates remain unchanged The latest forex news from the European market session on January 5, 2022. The market is still contemplative as we await US ADP statistics and the FOMC meeting minutes later today. European stocks are holding steady with modest increases, while US futures […]
Crude Back In DemandCrude traders have had a strong start to the year with crude futures trading in the green over the first full week of 2022 trading so far. On the back of hefty position reductions across the end of 2021 it seems that long positions are once again being rebuilt in crude as […]
CIBCFX FlowsThere has been a fierce rotation in stocks. Investors rushed to liquidate shares of tech companies, which has surged during the pandemic. Nasdaq Composite fell near 3.3% and we also saw sell off in the US Treasury bond market. Report in FT said that investors moved into automakers like Ford and GM, as well […]
• EURAUD broke key resistance level 1.5700• Likely to rise to resistance level 1.5865 EURAUD currency pair recently broke key resistance level 1.5700 (which has been reversing the price from December). The breakout of the resistance level 1.5700 accelerated the active short-term impulse waves 1 and (3). Given the rising euro bullishness seen today – […]
• HSI 50 reversed from support level 22680.00 • Likely to rise to resistance level 23500.00 HSI 50 index recently reversed up from the pivotal support level 22680.00 (previous monthly low from December) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 22680.00 runs counter to the strong daily downtrend. […]
• Nike broke key support level 162.90 • Likely to fall to support level 155.00 Nike recently broke key support level 162.90 (low of the previous correction A) intersecting with the 50% Fibonacci correction of the previous upward impulse from December. The breakout of the support level 162.90 should accelerate the active ABC correction (2) […]
