Latest Market News

The dollar index sank 1% while S&P 500 approached 4100 points following Powell’s speech on Wednesday, which the market interpreted as an acknowledgement that the pace of rate hikes will be slowed down in December. U.S. bond yields edged down by about 20 bp, reflecting a growing consensus that the Fed will raise interest rates […]

NZDUSD, NZDCAD & GBPUSD Trade To Targets, What Next? Source: Tickmill

The market major on Thursday is growing. The current quote is 1.0450. Yesterday was full of statistics, but the key catalyst was different. Activity of investors heated up after the speech of the head of the US Fed Jerome Powell. He confirmed that the next increase in the interest rate might be more modest that […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of decline to 1.0290. Getting support at this level, the market has performed a link of growth to 1.0440. Today a consolidation range might form around this level. With an escape upwards, a pathway up to 1.0590 will open. With an escape downwards, […]

USD Slides As Powell Greenlights Smaller December Hike The US Dollar has come under heavy selling pressure today following a dovish set of comments from Fed’s Powell yesterday. Speaking at the Brookings Institute, Powell told audience members that the Fed agreed that a smaller pace of rate hikes would be appropriate from as early as […]

Type: Bearish Momentum Key Levels:Resistance:745.500Pivot:613.250Support:665.000 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the the support level at 665.000, where the 78.6% Fibonacci line is. Alternative […]