Latest Market News
The Japanese yen against the US dollar remains weak. The current quote is 136.35. Morning statistics from Japan demonstrated growth of retail sales in January by 6.3% y/y while the forecast had been 4.2%. A month before, the growth amounted to 3.8% y/y. The prelim calculation of industrial production volume in December demonstrated a decline […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of growth might be 1.3655; later the price might break through it and continue the growth. However, the price can pull back to 1.3540 before […]
On Monday, the BTC is balancing near 23,488 USD. US investors on Friday were avoiding risks, which led to a sale at US exchanges. However, this just barely touched upon the crypto world. Market participants remain neutral, waiting for a chance to get towards the purchasing goals. The BTC needs to secure above 23,500 USD […]
EURUSD has fallen even deeper. The current quote is 1.0550. The main thing that triggered growth of the USD was the publication of an inflation report, meaningful for the Fed. Namely, the Core PCE Price Index. These are the data that the regulator uses to decide upon the interest rate. Well, in January the index […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0550. Today the market might demonstrate a link of correction to 1.0590 and go down to 1.0490. Then a new wave of correction to 1.0705 should start, followed by a decline to 1.0380. GBPUSD, “Great Britain Pound vs US Dollar” […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, indicating prevalence of a downtrend. However, the RSI has reached the oversold area, hinting on possible development of a correction. As a result, a test of 2/8 (1.0498) should be expected, followed by a bounce off it and growth of […]