Latest Market News
It seems that Democrats are doing slightly better than expected in the midterm elections, and the head-to-head race points to the possibility they may be able to retain control of the upper house. The broad market shows a relatively tepid reaction to the incoming elections news: short-term FX and equity markets volatility remains relatively low, […]
Daily Market Outlook, November 9, 2022 “Asian markets are generally softer, failing to pick up the bullish baton set up by the positive tone from European and US markets. China has removed Covid restrictions in the critical Zhengzhou region which houses the major iPhone production plant, this news was accompanied by an extension of restrictions […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes have broken through the 200-day Moving Average and are now below it, which indicates possible development of a downtrend. However, the RSI is nearing the oversold area. As a result, we should currently expect a bounce off 5/8 (145.31) and growth to the resistance level […]
XAUUSD, “Gold vs US Dollar” Near the resistance level, gold has formed a Hanging Man reversal pattern. Currently, if the pair goes by the signal, it may result in another correctional wave. The goal of the pullback will be 1690.00. Upon testing the support level, the price may bounce off it and continue the uptrend. […]
Tesla Under Pressure Shares in Tesla have come under fresh selling pressure this week. Initially sales were linked to news that Tesla was recalling around 40,000 electric vehicles in the US due to a power-steering problem. However, bearish sentiment intensified midweek on news that Elon Musk has offloaded another round of shares. Musk Sells More […]
Technical & Trade View US Dollar Index Futures Consider 109 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 111.30 Technicals Primary resistance is 111.30 Primary pattern objective is 107.75 Acceptance below 109 next pattern confirmation Acceptance above 111.50 opens a test of 112.20 20 Day VWAP bearish , 5 Day VWAP bearish Notes […]