Latest Market News

The market major this Wednesday declined and took a pause. The current quote is 1.0450. EURUSD remains very sensitive to the turbulence of market moods. On Wednesday, there are minimum important statistics, so consolidation may take time. The main market sentiment is uncertainty. There is still a week left till the meeting of the US […]

Aussie Rates Hit 10-yr Highs The RBA continued with its tightening program overnight. The December rates meeting saw the bank pressing ahead with a further .25% rate increase, as expected. Additionally, the bank signalled that further hikes would likely be necessary given the inflationary backdrop, warning that the path of monetary policy was not set […]

The difference between ECN and STP brokers If you are searching for a broker it is easy to get overwhelmed about the difference between ECN and STP Brokers. Here will cover the difference between ECN and STP brokers so you can choose the best ecn or stp forex broker for you. What’s the difference between […]

The RBA delivered a 25 bp rate hike and indicated that it plans to deliver at least a 50 bp tightening in 2023 driving terminal rate to 3.6%. There were no bullish implications for AUD as the RBA’s decision was priced in, with market participants focusing on the recession risk in the economy of key […]

Type: Bullish Continuation Key Levels:Resistance: 1.06680Pivot: 1.05085Support: 1.03315 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly break the pivot at 1.05085, where the […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the resistance level, the currency pair has formed a Shooting Star reversal pattern. Currently, the pair can go by the signal in a descending wave. The goal of the decline will be 1.3545; later the price may bounce off the support level and extend the uptrend. […]