Latest Market News
AUDUSD has been “in the black” for the second week in a row despite natural disasters. The Australian Dollar is actively strengthening against the USD. The current quote for the instrument is 0.7336. One reason is that the improvement in global geopolitics has a positive influence on traded currencies. Another supporting factor comes from a […]
EURUSD successfully continues its positive momentum; all eyes are now on the Fed and statistics. The major currency pair recovered pretty much yesterday. The current quote for the instrument is 1.1041. The local improvement in geopolitical tensions had an immediate impact on EURUSD – the demand for the “safe haven” USD dropped and the European […]
Type: Bullish RiseKey Levels:Resistance: 13946Pivot: 13484 Support: 12294Preferred Case:On the H4 chart, price is near our pivot of 13118 in line with horizontal overlap support and 78.6% Fibonacci projection. Price can potentially rise to our 1st resistance level at 14405 in line with the 100% Fibonacci projection. Our bullish bias is supported by how price […]
Type: Bearish ReversalKey Levels:Resistance: 239.30Pivot: 232Support: 221.25Preferred Case:Price is near pivot level of 232 in line with 23.6% Fibonacci retracement. Price can potentially dip to the support level of 221.25 with a graphical swing low level. Our bearish bias is supported by prices trading under the Ichimoku cloud indicator. Alternative Scenario: Price could also head […]
U.S. stocks opened with sharp gains Wednesday, finding support as oil futures pulled back from nearly 14-year highs while investors monitor developments in the Russia-Ukraine war. The Dow Jones Industrial Average DJIA, +1.15% was up 606 points, or 1.9%, at 33,242, whiel the S&P 500 SPX, +2.57% jumped 2% to 4,254. The Nasdaq Composite COMP, […]
The stock prices of crypto-related companies have jumped as the broader market reacted positively to United States President Joe Biden’s long-awaited executive order. This will require U.S. federal agencies to create a regulatory framework for digital assets, as well as explore a future digital dollar. Coinbase surged up 10.5% at market close, while shares in […]