Latest Market News

The Australian dollar in the pair with its American colleague starts falling again and again. The current quote is 0.6894. The morning statistics from Australia demonstrated that the prelim PMA in February grew to 50.1 points from 50.0 points previously. This growth is purely symbolic but it still makes the market optimistic. The prelim PMA […]

EURUSD got stressed out again. The current quote is 1.0660. As there was no news or important events while the macroeconomic calendar was empty and the US market was shut down yesterday, investors turned to the Federal Reserve System policy again. The main idea is that the Fed will have to remain carnivorous because it […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCAD Potential for Bullish Rise to resistance TypeBullish Breakout PreferenceLooking at the H4 chart, my overall bias for USDCAD is bullish due to the current price being above the Ichimoku cloud, indicating […]

Eurozone PMI indices for February had a mixed impact on market sentiment, composite indices (manufacturing + services) were higher than expected, both in the EU and the key economies of the block, however manufacturing and services sectors separately showed different dynamics – services’ activity rose while in manufacturing sector activity declined compared to the previous […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a correctional wave to 1.0700. Today the market is consolidating under this level. An escape downwards and a decline to 1.0637 are expected. And with a breakaway of this level downwards as well, a pathway for a wave of decline to 1.0579 will open. GBPUSD, […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI has bounced off the resistance line. Now, a downward breakaway of 5/8 (0.6897) is to be expected, followed by falling to the support level of 4/8 (0.6835). The scenario can be cancelled […]