Latest Market News

Technical Analysis in Forex Trading Technical analysis is a set of methods applied to predict future changes in the prices of financial assets, through analyzing their historical price movements and patterns. The foreign exchange market is particularly favorable for using technical analysis as its high liquidity in trading volumes and participants, and vulnerability to large […]

On Monday, the market major is vigorous. The current quote is 1.0680. Over the first week of the year, the pair lived through both abrupt growth of the USD and a similarly fast recovery of the EUR. The thin holiday market with low liquidity levels only facilitated large amplitude of fluctuations. Investors got focused on […]

Daily Market Outlook, January 9, 2023 MSCI Asia Pacific Index In Bull Market Territory Asian equity markets took their lead from Friday’s positive close to trade on Wall Street, with US equity markets posting their best gains for over a month, markets are once again pinning their hopes on a Fed pause or pivot, this […]

Natural Gas Breaks Lows The sell off in natural gas prices from the highs seen early last year has seen the market collapsing by almost 70%. Natural gas futures recently hit their lowest levels since late 2021 as a milder winter in Europe has allowed for far less demand than typically seen over this period. […]

XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed a Hammer reversal pattern. For now, the pair is going by the signal in an ascending wave. The goal of the growth might be 1900.00. After testing the resistance level, the pair might break through it and continue the uptrend. However, the quotes […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI has broken through the resistance level. As a result, we should expect the quotes to break through 7/8 (1.0620) and reach the resistance level of 8/8 (1.0742). The scenario can be cancelled […]