Latest Market News
EURUSD, “Euro vs US Dollar” The currency pair is consolidating near 1.0740. Today the price might spring to 1.0767. The goal is local. After this level is reached, correction to 1.0637 might start, followed by growth to 1.0788. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair completed a wave of correction to 1.2110. […]
Type: Bearish Drop Key Levels:Resistance: 671.75Pivot: 660.00Support: 636.00 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 636.00, where the previous […]
Type: Bullish Rise Key Levels:Resistance:2699Pivot:2570Support:2470 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2699, where the previous swing high is. […]
The Japanese yen has somewhat retreated against the US dollar, the current quote being 132.14. Minor fluctuations of the rates are lawful because investors remain sensitive to liquidity that comes to the market out of the blue. Factually, the JPY now has only two triggers: interventions of the BoJ and the behaviour of the USD. […]
On Wednesday, the market major remains vigorous. The current quote is 1.0750. The market supports the EUR, and there are no reasons as yet for this attitude to change. The US statistics from yesterday could hardly be called impressive. Optimism index of small business in December dropped to 89.8 points from 91.9 previously. This is […]
Daily Market Outlook, January 11, 2023 Markets Marking Time Ahead of US Inflation Data Investors remain upbeat but cautious ahead of tomorrow’s US Inflation data. Asian equity markets once again picked up the positivity baton from Wall Street, with Asian equities pushing six-month highs, regional risk-on sentiment remains supported by the promise of a rebound […]