Latest Market News
RBNZ Hiking Finished The New Zealand Dollar is falling sharply today on the back of the latest RBNZ meeting overnight. Despite the central bank hiking rates by a further .25%, the sell-off emerged as governor Orr signalled no further hikes were likely near-term. Notably, some policy makers had been in favour of holding rates unchanged […]
The data on British inflation has caused serious concerns in the markets about the prospect of a renewed acceleration of inflation worldwide. The core inflation (which excludes volatile goods) jumped from 6.2% to 6.8% in April. It was expected that the pace of price growth would remain unchanged. In just one month, the price level […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Doji reversal pattern. Currently, the instrument could go by the reversal pattern in an ascending wave. The correction target might be 1.3555. Next, the price could rebound from this level and continue the downtrend. However, the quotes might drop to 1.3430 without testing […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are in the overbought area. The RSI has formed a divergence on its chart. In this situation, a downward breakout of +1/8 (138.28) is expected, followed by a decline to the support level of 7/8 (132.71). The scenario can be cancelled by breaking the resistance […]
Daily Market Outlook, May 24 , 2023 Asian equities mostly traded in the red, following the negative lead from Wall Street. Investor sentiment was affected by ongoing concerns over the US debt limit impasse, with only nine days remaining until the presumed X-date. Additionally, tensions between the US and China intensified after the US House […]
TitleUS30USD H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price could approach the pivot point of 32885.22 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 33232.49. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 32593.34. To discuss this […]