Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD completed a structure of a declining wave to 1.1000. At a certain point, the market formed a consolidation range around this level and, breaking it downwards, extended the range to 1.0963. A correction to 1.1000 (a test from below) looks possible today. Next, a decline to 1.0950 could follow. […]
Risk Aversion Hits Aussie The Aussie Dollar has come under heavy selling pressure today, with the pair now down almost 3% from the April highs. Part of the driver behind the move is the broad risk aversion we’re seeing in market currently on the back of sliding stock prices yesterday. Weaker-than-expected US data has heightened […]
Daily Market Outlook, April 26, 2023 Asian equity markets are clinging to modest gains, this is following a less than inspirational handover from Wall Street as US investors hit the sell button into the close as banking contagion concerns resurfaced, as First Republic Bank shed another 50% of its already decimated share price as the […]
TitleES1! H4 | Bullish bounce from 61.8% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 4135.23 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 4197.98. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 4099.31. To discuss this […]
Equities Softer Amidst Hawkish Central Bank Expectations Global equities benchmarks have seen a mixed start to the week with most indices trading a little in the red across the European open on Tuesday. On the back of the upside momentum we’ve seen across asset markets in recent weeks, stocks have lost a little steam recently […]
TitleDXY H4 | Potential reversal from pivot TypeBearish Reversal Preference:Price is approaching our pivot point of 101.1265 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.3196. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 101.6778. To discuss this trading […]