Latest Market News
Currency markets saw a slight bearish tilt in Powell’s remarks on Thursday, causing some weakening in the dollar’s support. The dollar index dipped below the 106 level post-speech, but it failed to elicit significant interest from sellers. As a result, the price stabilized on Friday, trading above 106 points. Since the end of last week, […]
Retail Sales Drop in September Following a disappointing CPI reading earlier in the week, the latest data out of the UK today made for further grim reading. UK retail sales were seen falling 0.9% in September, down from 0.4% in August and below the -0.3% the market was looking for. The ONS cited the unseasonably […]
EURUSD, “Euro vs US Dollar” EURUSD has escaped a consolidation range upwards, completing a new wave of correction to 1.0650. A structure of decline to 1.0530 is forming today. After the price reaches this level, a link of growth to 1.0577 is not excluded (with a test from below). Next, a decline to 1.0520 might […]
Brent Brent quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 7/8 (92.18), subsequently reaching the resistance at 8/8 (93.75). The scenario can be cancelled by a downward breakout of the […]
Yields on Treasury bonds have revisited recent local highs, compelling equity investors to reassess their discounted cash flow stock valuations. The yield on the 10-year bond touched 4.99% on Thursday, while the 2-year bond yield advanced to 5.25%. The market capitalization of major U.S. stock indices dipped by 1-1.5% yesterday, and today, there’s cautious growth. […]
TitleUS30USD H4 | Bearish reaction off pivot? TypeBearish Reversal Preference: Price has broken through an overlap support previously, becoming an overlap resistance, and could possibly retest it now. Our pivot point is at 33454.9, which is the overlap resistance level. If price rejects this overlap resistance level and closes below, then price could possibly fall […]
