Latest Market News
• CADCHF reversed from support level 0.7100 • Likely to rise to resistance level 0.7200 CADCHF recently reversed up from the key support level 0.7100 (which stopped the sharp downtrend in September), standing near the lower daily Bollinger Band. The upward reversal from the support level 0.7100 stopped the earlier short-term impulse wave 3. Given […]
Daily Market Outlook, November 14, 2022 “Markets open the week on a slightly more cautious footing, comments from Fed member Waller cooled risk appetite as the Fed policymaker suggested that equity markets had over reacted to the inflation print as interest rates still had further to go to combat inflationary pressures. The outlier in Asian […]
Metals Rally As USD Drops Last week was an important week for the metals market with both gold and silver seeing strong gains amidst the deepening USD correction we saw. Gold prices are now sitting around 10% off the year’s lows with silver prices up more than 20%. Last week, the big catalyst for the […]
The British pound against the US dollar is at the highs since the end of August. The current quote is 1.1789. The main trigger for the growth of the GBP is the weakness of the USD. This is the factor that has let the pound climb up so high. Fundamentally speaking, there are very few […]
EURUSD, “Euro vs US Dollar” The currency pair completed a wave of growth to 1.0360. At the moment, the market is forming a consolidation range under this level. Today we expect an escape downwards to 1.0145, followed by growth to 1.0260 and a decline to 1.0080, from where the wave may continue to 1.0000. GBPUSD, […]
The 4Ms of Trading MARKET Due to its volatile market Forex is affected by an incredibly diverse amount of factors. These market fundamentals are the key pieces to determining when a currency is going to rise in value and when it is going to drop. Trading news is the study of events and economic statistics […]