Latest Market News
The Composite PMI Index in the EU remained in the zone of depression for November (47.8 points), slightly better than October, but still pointing to a reduction in activity in the European economy. The good news is that inflationary pressures are fading as supply crunches ease, and the depth of the expected recession may not […]
Client Withdrawals Shares in troubled French bank Credit Suisse are coming under fresh selling pressure this week as concerns build around large client withdrawals. Credit Suisse this week warned that it is facing a roughly $1.5 billion loss in Q4 as a result of withdrawals from major clients. The bank’s shares have been in decline […]
Technical & Trade View US Dollar Index Futures Trade View Bias: Bullish Above Bearish below 108.50/70 Technicals Primary resistance is 108.50/70 watch for bearish reversal patterns here Primary pattern objective is 104.50 Acceptance below 106 next pattern confirmation Acceptance above 108.70 opens a test of 109.25 20 Day VWAP bearish , 5 Day VWAP bearish […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:We have a bullish bias on the H4 chart. Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . If the bullish momentum continues, price may move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is. Alternative Scenario:Price may […]
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 signal in an ascending wave. The goal of the growth will be 1.3465; later the price may bounce off the resistance level and extend the downtrend. However, the […]
The Australian dollar against the US dollar is smoothly declining. The current quote is 0.6634. The downtrend has formed a week ago and remains in force. The November PMI in services in Australia turned out at 47.2 points against the expected 49.1 points. The same indicator in the processing industry dropped to 51.5 points against […]