Latest Market News

The Australian dollar against the US dollar maintains a growth momentum. The current quote is 0.6766. The statistics from yesterday showed that retail sales in Australia increased by 0.4% m/m as expected. The business sentiment index in April rose slightly to 0 points from -1 point previously. Firstly, the AUD is finding a foothold in […]

The NFP report released on Friday has transformed the perception of a rate hike by the Federal Reserve in June from unrealistic to tangible possibility. Strong inflation risks emerged from the data, with the unemployment rate reaching a multi-year low of 3.4% and monthly wage growth heating up to 0.5%. With prior confidence in the […]

TitleBTCUSD H4 | Bullish reversal off overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 27153.13 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28762.98. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 26495.34. To discuss this […]

EURUSD, “Euro vs US Dollar” The currency pair completed a wave of decline to 1.0940. Today the market has performed a link of correction to 1.0976. A new structure of decline is expected to develop to 1.0933. This is a local target. After the price reaches this level, a correction to 1.0933 could develop, followed […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating an uptrend’s prevalence. The RSI has broken the resistance line. In this situation, the quotes are expected to break the level of 4/8 (1.0986) and reach the resistance level of 6/8 (1.1108). The scenario can be cancelled by a […]

US CPI On Watch  Today’s US inflation reading comes at an interesting time for the market. Against a backdrop of the ongoing debt ceiling standoff, USD has stagnated in recent sessions. Indeed, looking at the DXY chart we can see that the Dollar has been stuck around current levels for the last 5 weeks, during […]