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Type: Bearish Drop Key Levels:Resistance:154.30Pivot:164.00Support:142.05 Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is. Alternative Scenario:Price […]
The dollar fell to its lowest level in 7 months, and bond yields stabilized after a sharp fall on Thursday, as another decline in major US inflation indicators raised hopes for an early end to the Federal Reserve’s tightening cycle, and even its first rate cut in the second half of the year. On Friday, […]
The BTC grew to 18,813 USD. Weekly growth amounts to 11.9%. As long as the market closed the previous session above the resistance level at 18,500 USD, buyers may freely set new goals. Now they may reach 21,500-22,000 USD. Currently, the BTC correlates with the US stock indices (S&P 500 and Nasdaq) by more than […]
On Friday, the market major sticks to its local h8ghs. The current quote is 1.0840. The main event of the previous trading session was the publication of the US inflation reports. This was beautiful. The CPI in December dropped to 6.5% y/y as expected from 7.1% previously. Monthly speaking, inflation decreased by 0.1% after an […]
Inflation in the US shows that price pressure is easing, but with strong labor market, the Federal Reserve will be cautious in forecasting the terminal interest rate. The most optimal scenario now looks like two increases, by 25 bp. in February and by 25 b.p. in March. However, inflation will slow even more significantly in […]
US equities closed in green on Thursday, while on Friday a profit taking mood prevails with US futures on the slippery slope. The dollar index holds above the 102 level, but the yen’s strong gains indicate lower expectations that the Treasury-JGB rate differential will remain wide. USDJPY declined 0.75% and closely follows the rate differential: […]