Latest Market News
UK CPI Soars Again The latest UK economic data today makes for troubling reading. CPI was seen spiking higher to 11.1% in October, well above the 10.7% the market was looking for. Marking a full 1% jump from the prior month, this reading brings UK inflation back to its highest level in 41 years. The […]
Technical & Trade View EURUSD Trade View 1.0467 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.0285 Technicals Primary support is 1.0285 Primary upside objective is 1.0620 Next pattern confirmation, acceptance above 1.05 Failure below 1.0270 opens a test of 1.0165 20 Day VWAP bullish , 5 Day VWAP bullish Today’s New York […]
Volatility in the BTC has somewhat subsided. On Wednesday, it is mainly fluctuating near 16,860 USD. Buyers are very cautious, minimum active. As expected, the market will need a lot of time to acquire at least some balance at the platform. After the story with Binance and FXT investors remain noticeably stressed out. Even more […]
EURUSD, “Euro vs US Dollar” The pair has extended the consolidation range to 1.0480. At the moment the market performed an impulse of decline to 1.0280. Today the market has corrected this impulse to 1.0386. At the moment, the market is forming a new consolidation range under this level. The main scenario is an escape […]
Daily Market Outlook, November 16, 2022 “Risk sentiment rocked by stray rocket hitting Poland, reports that a missile landed on the Polish border killing at least two caused a dramatic pullback in US markets, however, as it became clearer that the reported ‘missile’ was more debris from a Ukrainian defensive action markets stabilised, overnight President […]
US Retail Sales in Focus On the back of a weaker-than-forecast US CPI print for October, the US Dollar has come under heavy selling pressure. The data, and subsequent comments from Fed vice chair Brainard, have added weight to the market view that the Fed will slow the pace of its rate hikes in December, […]