Latest Market News
Daily Market Outlook, December 6, 2022 Robust US Econ Data Supports US Yields & The Dollar, Weighing On Risk Sentiment… Overnight Asian equity markets were subdued, as Wall Street saw further weakness driven by a rebound in US bond yields which provided support for the Dollar, the reversal in risk sentiment was driven by another […]
Equities Soften As Better US Jobs Data Sparks Fresh Dollar Strength We’re seeing a mixed start to the week for global equities markets with many commencing the final month of the year under pressure. The key driver behind the under-performance we’re seeing in some markets is the renewed strength in the US Dollar on the […]
Type: Bullish Continuation Key Levels:Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case:Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which signifies prevalence of an uptrend. However, the RSI is nearing the overbought area. As a result, the quotes are expected to test 7/8 (1.0620), a bounce off it, and falling to the support level of 5/8 (1.0376). The scenario […]
XAUUSD, “Gold vs US Dollar” At the support level, gold has formed a Hammer reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of growth might be 1835.50. Upon testing the resistance level, the pair might break through it and continue the uptrend. However, the quotes may pull […]
Type:Bullish Continuation Key Levels:Resistance:4173.25Pivot: 3913.25Support: 3751.75 Preferred case: On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish trend continues, expect price to possibly move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is.Alternative scenario: Price […]