Latest Market News
BTC Rebound Underway Following heavy losses over 2022, Bitcoin is starting the year in a much more encouraging manner. The leading crypto asset has recorded a roughly 30% rally over initial 2023 trading, taking price back up to levels last seen in September 2022. The main driver behind the move appears to be the shift […]
Goldman To Follow JPM & Citi? Shares in US banking giant Goldman Sachs are trading higher ahead of the open today as traders brace for the group’s Q4 earnings. A slew of strong earnings from leading financials on Friday has helped stoke sentiment ahead of the release. In terms of the numbers, Wall Street is […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which implies prevalence of an uptrend. The RSI is testing the support level. A test of 7/8 (0.7019) should be expected, followed by growth to the resistance level of 8/8 (0.7080). The scenario can be cancelled by a downward […]
XAUUSD, “Gold vs US Dollar” At the resistance level, Gold has formed an Engulfing reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the correction might be 1895.50. Upon testing the support level the pair might bounce off it and continue the uptrend. However, the quotes may […]
Daily Market Outlook, January 17, 2023 China Growth Concerns Cap Asian Equities EX Japan, BoJ Bets Supports The Nikkei China growth concerns have put a cap on the Asian equity markets’ bullish sentiment with the MSCI Asia Pac index retreating from seven month highs. China data confirmed 2022 as a dire year for the region […]
Technical Trade Set Ups for EURAUD, USDJPY & Crude Oil Source: Tickmill