Latest Market News

China Data Rebounds Firmly The latest data out of China overnight has painted an encouraging picture of the economic recovery underway there since the government abandoned its zero covid policy at the start of the year. The latest CAIXIN manufacturing PMI reading was seen jumping to 51.6 last month, up from 49.2 in January. As […]

US Orders for durable goods – one of the key components of consumption, which is a decent proxy of households’ expectations of future incomes, posted decent gain in January. The headline reading declined MoM, however, excluding defense products and civil aviation, it rose by 0.8% (forecast was 0.1%). The latter indicator is more important because […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the resistance line. A downward breakaway of 2/8 (0.6713) should be expected, followed by falling to the support level of 1/8 (0.6652). The scenario can be cancelled by […]

The British pound against the US dollar somewhat stabilised. The current quote is 1.2043. The issue of Brexit has come afloat in quite an unexpected way. Rishi Sunak’s government is now facing a hard task: it needs to persuade politicians from Northern Ireland to support a new trade agreement with the EU after Britain exited […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 1.0635 is expected, followed by falling to 1.0365. An additional signal confirming the decline will be a bounce off […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0532. Today the market has demonstrated a link of correction to 1.0615 (a test from below). At the moment, a structure of decline is forming to 1.0475. After this level is reached, a new correction to 1.0705 might begin, followed […]