Latest Market News
Jay Powell chose not to rock the markets yesterday, acknowledging that stronger economic data could lengthen the tightening cycle, while also saying that 2023 will be “a year of slowing inflation”. The dollar still faces moderate upside risks this week, but stabilization looks more likely today. Fed Chairman Jerome Powell’s speech yesterday did not contain […]
EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0711. A link of growth to 1.0777 is not excluded, followed by falling to 1.0615. The goal is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair continues forming a consolidation range around 1.2044. Today a link of growth […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. The instrument may now go by the signal in an ascending wave. The goal of the growth might be 1.0825. However, the pair may pull back to 1.0700, bounce off it and continue the uptrend after […]
Bitcoin has pulled from the supporting level of 22500, forming a bullish engulfing. Currently, it seems that the asset might potentially jump and face resistance at the level of 25000. So, let’s wait and see what is about to happen next. Gold remains at the supporting level of 1880 for now. The asset is likely […]
Shares Surge on Earnings Release Shares in UK drugmaker Astra Zeneca, famous for its covid vaccine, are surging higher today in response to the group’s latest earnings report. While Q4 revenues were a little below forecasts at $930.5 billion vs $934 billion expected, the group’s full year 2022 results were solid with profits soaring to […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting in a Wedge reversal pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2120 is expected, followed by falling to 1.1845. An additional signal confirming the decline will be a bounce off the upper […]