Latest Market News

• Dow Jones reversed from resistance level 36800.00, • Likely to fall to support level 35000.00 Dow Jones index recently reversed down with the daily bearish Engulfing from the resistance level 36800.00, intersecting with the upper daily Bollinger Band and the weekly up channel from September. The downward reversal from the resistance level 36800.00 started […]

• USDCAD reversed from support level 1.2615 • Likely to rise to resistance level 1.2800 USDCAD currency pair recently reversed up from the key support level 1.2615 (which has been reversing the price from the start of December), intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) […]

Longs have been paying the price since early December, data shows, in a sign that accompanied a market reversal several times last year. 13096 Total views 78 Total shares Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much. In a tweet on Jan. 10, on-chain […]

Richard Clarida, the vice chairman of the Federal Reserve, said Monday he will resign on Jan. 14, two weeks before his term was set to end on Jan. 31. Clarida, who was tapped for the Fed by President Donald Trump, was not going to be renominated by the Biden administration. Clarida has become embroiled in […]

Beware Correction RisksThe breakout trade in GBPNZD from 1.9690 has now hit its target at 2.0064. With the retail market still firmly short the pair and with both MACD and RSI bullish, there is room for a continuation higher here. However, given the recent move and the current stalling at the resistance area marked, some […]

Metals Higher Following Mixed US Labour ReportIt’s been a quiet start to the week for metals markets though both gold and silver are trading in the green over the European session so far on Monday. Friday’s US jobs report failed to deliver the USD upside that many were anticipating, creating some room for metals to […]