Latest Market News

ECB president Christine Lagarde said on Friday that the ECB should continue to raise borrowing costs to limit the expansion of the European economy. According to Lagarde, this is the only way to bring down inflation, which at its peak was five times the target level of 2%: On Friday, Lagarde delivered a speech in […]

Daily Market Outlook, November 18, 2022  Overnight Asian markets are mostly mixed, with US equity futures also declining after some tough talk from US Fed speakers, specifically St Louis member Bullard who suggested that a 5% rate was a minimum terminal rate objective with the potential for a 7% rate being eyed by the committee.  […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair may go by the reversal signal in an ascending wave. The goal of the growth will be 1.3410. Next, the price may bounce off it and extend the downtrend. However, the price […]

On Friday, the market major is balancing in a vacuum. The current quote is 1.0370. According to a Reuters poll, the US Federal Reserve System at the December meeting is expected to lift the interest rate by 50 points. However, the peak of the interest rate may be much higher. So, by the end of […]

• WTI broke key support level 82.90 • Likely to fall to support level 76.30 WTI recently broke the key support level 82.90 (which stopped the previous wave (B) from the middle of October), intersecting with the 61.8% Fibonacci correction of the upward ABC correction (B) from September. The breakout of the support level 82.90 […]

• Amazon reversed from key resistance level 103.20 • Likely to fall to support level 86.70 Amazon recently reversed down from the key resistance level 103.20 (former strong support from May and June), intersecting with the 20-day moving average and the 50% Fibonacci correction of the downward impulse from October. The downward reversal from the […]