Latest Market News

The dollar index has risen to its highest level since the end of March, the rally yesterday was accompanied by a pickup in US equity market and bond rout (a signal that the Fed may be again behind the curve). Major US stock indices closed in positive territory, US futures extend the rise today, with […]

Gold has repeatedly approached the supporting level of 1980. This might signify the upcoming potential breakout of this level. The price drop might lead to the formation of a reversal pattern such as a double top with the neckline at the level of 1980. So, let’s wait and see what is next. Bitcoin might still […]

TitleGBPUSD H4 | A bounce off support level TypeBullish Bounce Preference:Price is approaching our pivot point at 1.24237 which is a multi swing low support level. A bounce from here, price could rally to 1st resistance at 1.25057 which is a swing high resistance level. Alternative scenario:However, if price breaks below, it could fall to […]

The market’s most traded currency pair is dropping lower and lower. The current EURUSD quote is 1.0830. We should be prepared for the fact that in the coming days all discussions, one way or another, will revolve around the subject of US government debt. This is currently the most important topic the capital market is […]

In the pair with the US Dollar, the Japanese Yen has returned to local lows after a brief pause. The current USDJPY quote is 137.62. On the one hand, the JPY is under pressure from the strong US dollar. The market is avoiding risks due to the lack of consensus on the US government debt. The […]

TitleDXY H4 | Potential bearish reversal TypeBearish Reversal Preference:Price is approaching the pivot point of 102.6924 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 101.8855. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 103.1158. To discuss this trading […]