Latest Market News
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level the pair has formed a Hammer reversal pattern. The pair is now going by the signal in a correctional wave. The goal of the decline might be 1.3455; then the price may bounce off the resistance level and continue falling. However, the price […]
GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the resistance level. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line is expected at 1.2170, followed by growth to 1.2485. An additional signal confirming the growth will be a bounce off the lower border […]
GS Shares Tank on Q4 Results Shares in Goldman Sachs are on the backfoot today following heavy losses yesterday amidst a weaker-than-expected set of Q4 earnings. On the back of solid results from JPM and Citi last week, investors were hoping for a similar display from Goldman. However, with EPS coming in at $3.32 vs […]
Key US Data Up Next Today sees a double whammy for US data with both December PPI and Retail Sales due. On the back of weaker-than-forecast US inflation, today’s data is drawing more attention-than-usual. USD has been in decline since those Dec CPI figures were released with traders now anticipating a further pivot from the […]
On Wednesday, the BTC is balancing near 21,278 USD. The bullish mood is still raging over the market, so the pause in buying is is no way suspicious. The buyers are heading for 22,000 USD. The resistance area is between 21,500-22,500 USD. On the whole, the situation is quite benevolent to those who support crypto. […]
The British Pound against the US dollar on Wednesday is ready to keep growing. The current quote is 1.2286 So, Britain presented the first block of interesting macro statistics. The unemployment rate in November did not change, remaining at 3.7%. The number of unemployment claims in December increased to 19.7 thousand from 16.1 thousand. Average […]