Latest Market News

The British pound remains under pressure against the US dollar. The current GBPUSD quote is 1.2436. First, the Pound Sterling is under pressure from a strong US Dollar, which is in demand as a safe-haven asset while global capital markets are avoiding risk. UK employment market statistics released yesterday were disappointing. The unemployment rate rose […]

USDJPY, “US Dollar vs Japanese Yen” The quotes on H4 and the RSI are nearing the overbought area. A test of 8/8 (137.50) is expected, followed by a rebound from it and a decline to the support at 6/8 (135.93). The scenario can be cancelled by rising above the resistance level of 8/8 (137.50). In […]

USD Rallies on Safe Haven Demand President Biden and Speaker of the House Kevin McCarthy met for the latest round of US debt ceiling talks yesterday. While both sides were seen showing a willingness to co-operate and achieve a deal, greenlighting staff-level negotiations, a resolution is yet to be agreed. With markets wary over the […]

Daily Market Outlook, May 17, 2023 Asian equity markets put in another mixed performance overnight as caution prevailed in the region due to the negative handover from Wall Street. Concerns over the debt ceiling clouded risk appetite in the US, although the meeting between President Biden and congressional leaders was described as productive, but without […]

BTC fell to 26,976 USD on Wednesday. The weekly loss exceeded 2%. The correlation between BTC and the S&P 500 and Nasdaq indices recovered. This made the leading crypto more sensitive to the developments in the US stock market. Investors are gloomy given the lack of consensus between Republicans and Democrats on the US government […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0903. Today the market is forming a wave of decline to 1.0833. And if this level also breaks, the potential for a decline to 1.0793 could open. This is a local target. GBPUSD, “Great Britain Pound vs US Dollar” The […]