Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD has completed a decline structure to 1.0845. Today the market has corrected to 1.0888 (a test from below). Next, a new decline wave to 1.0838 is expected, after which a cosolidation range might form. With an escape downwards, the potential for a decline wave to 1.0733 could open. GBPUSD, […]
Tech Rally Continues Alphabet Shares in Google’s parent company Alphabet are trading higher ahead of the open on Friday. US stocks have been broadly firmer on the back of better-than-forecast labour market and consumer spending data this week. A continued fall in unemployment claims, following a strong December NFP is bolstering hopes that the US […]
TitlePotential Bearish Resistance TypeBearish Reversal Preference:Price could rise towards the pivot point of 79.679 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 76.452 which is a multi-swing-low support level. Alternative scenario: If price […]
The Japanese yen, paired with the US dollar, continues declining. The current USDJPY exchange rate stands at 148.77. So, the yen has reached a new seven-week low. The decrease was provoked by verbal interventions by a high-ranking Japanese official. Shunichi Suzuki, the Japanese Minister of finance, has announced today that the authorities keep a close […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after a rebound from the support level. The instrument is going inside the Ichimoku Cloud, which suggests a sideways trend. A test of the upper boundary of the Cloud at 1.2715 is expected, followed by a decline to 1.2555. The decline could be additionally supported […]
Gold Under Pressure Gold prices have come under heavy selling pressure this week with gold futures revering sharply lower from their initial Monday highs. The week started on a good footing for gold bulls with safe-haven demand driving the asset higher. However, a shift in the market’s central bank outlook across the week has seen […]