Latest Market News

Bitcoin broke the psychological level of 20000, touching the resistance at the level of 210000. Now, the price of Bitcoin is getting ready for the pullback. Bitcoin might potentially gain the required support at the level of 20000, pull from it, and jump. So, let’s observe what will happen next. Silver has approached the resistance […]

The minutes of the December policy meeting of the ECB released today reinforced the hawkish policy stance that the ECB tried to communicate during and after the meeting: the Bank is far from completing the tightening cycle and more rate hikes are necessary. The key takeaways of the December minutes were that “the direction of […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a link of growth ti 1.0886. A wave of decline to 1.0765 is forming today. Then a correction to 1.0826 should follow. Next, a wave of decline to 1.0703 might form. The goal is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates a downtrend. The RSI has bounced off the resistance line. As a result, a downward breakaway of 2/8 (0.9155) is expected, from where the pair is to fall to the support level of 0/8 (0.9033). The scenario […]

EURUSD keeps fluctuating at big amplitude. The current quote is 1.0800. The yield of treasury bonds in the US dropped quite a bit yesterday, pulling the USD down. Investors are nervous that recession in the US economy might grow, especially after statistics gave such signals. So, the news is as follows. Retail sales in the […]

EURUSD, “Euro vs US Dollar” The currency pair is testing the the support area. The instrument is going above the Ichimoku Cloud, implying this an uptrend. A test of the upper border of the Cloud is expected at 1.0780, followed by growth to 1.1030. An additional signal confirming the growth will be a bounce off […]