Latest Market News

Type: Bearish Continuation Key Levels:Resistance: 2454Pivot:2597Support:2355 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the support at 2355, where the previous swing low is located. Alternative Scenario:Price […]

Busy Day For USD Looking ahead today we have plenty to keep an eye on with the US ADP and JOLTS jobs data to be closely watched ahead of Friday’s headline NFP data. Alongside those readings today, we also have an advanced look at Q3 GDP along with Fed’s Powell speaking at the Brookings institute […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of decline to 1.0320 and continues forming a consolidation range. This new range is now forming at the lows of the declining impulse around 1.0356. With an escape from the range downwards, a pathway down to 1.0274 will open, from where the trend […]

USDCHF, “US Dollar vs Swiss Franc” The currency pair has pushed off the lower border of the Double Bottom reversal pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.9460 is expected, followed by growth to 0.9785. An additional signal confirming […]

Inflation in the EU declined more than expected, from 10.6% to 10% in November. The main contribution to the favorable dynamics was made by energy prices. The market, as well as the ECB, will be disappointed by the “sticky” behavior of core inflation, which remained unchanged at 5%. However, EU inflation has probably peaked out […]

IMF Concerns Over China Covid Policy The focus on China continues to build this week. Following ugly scenes of police clashing with protestors at the weekend, the scrutiny of the government’s zero-covid policy has intensified leading the IMF to warn that it might be forced to downgrade its Chinese economic outlook unless the policy is […]