Latest Market News

Bitcoin broke the level of 22500. Currently, it remains flat before the next jump. So far, this asset is likely to hit the level of 25000. Next, Bitcoin might pull back from this level and undergo a large-scale correction. The asset could potentially gain the required support at the level of 21000 and jump. The […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are in the overbought area. The RSI is also nearing the overbought area. As a result, a downward breakaway of +1/8 (1.0864) should be expected, from where the price might fall to the support level of 8/8 (1.0741). The scenario can be cancelled by rising over […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the currency pair has formed a Hammer reversal pattern. The pair is now going by the signal in a correctional wave. The goal of the pullback might be 1.3450; then the price may bounce off the resistance level and continue the decline. However, […]

Metals Market Reflects Uncertainty Ahead of Fed  The metals market has certainly had an interesting start to the year. While golds futures have been broadly higher, breaking out to fresh YTD highs in consecutive weeks, price action in silver has been much more laboured. With gold prices starting the new week with a more offered […]

Daily Market Outlook, January 23, 2023  Risk Sentiment Supported By Fed ‘Plateau’ Expectations Asian equity markets are mostly offline for Lunar New Year celebrations, Asian markets that are open are showing gains, as are European bourses and US futures, the bullish tone to markets is supported by reports in the Wall Street Journal over the […]

EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around 1.0860 and today with an escape upwards the wave of growth might extend to 1.0941. Then falling to 1.0872 should follow, after which the price might leap up to 1.0960. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has […]