Latest Market News
The Pound Fights Back 2022 is really starting to heat up now and as another week draws to a close, its safe to say it’s been a very eventful session in the markets. We’ve seen some interesting moves across the board and plenty of noteworthy developments in the fundamental backdrop. In terms of moves in […]
Credit AgricoleAsia overnightWhile equity markets in North America were rattled by a sell-off in technology stocks following a hawkish turn by the ECB and BoE, strong earnings from Amazon helped bolster market sentiment in Asia. At the time of writing, S&P 500 futures were up by over 1% and Asian bourses were trading mixed in […]
• Facebook broke key support level 245.80 • Likely to fall to support level 220.00 Facebook recently fell sharply breaking through the key support level 245.80 (previous monthly low from September and January). The breakout of the support level 245.80 accelerated the active medium-term downward impulse wave (3). Facebook can be expected to fall further […]
• GBPAUD reversed from key support level 1.8900 • Likely to rise to resistance level 1.9200 GBPAUD currency pair recently reversed up from the key support level 1.8900 (previous monthly high from September and December), intersecting with the 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal […]
Relief for embattled U.S. tech stocks injects fresh energy in Bitcoin and altcoins, with Ether reaching two-week highs. 6551 Total views 105 Total shares Bitcoin (BTC) recovered much of its recent losses on Feb. 4, but concerns remained that a retest of $30,000 was incoming. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $38,600 remains focal […]
Gold futures finished higher on Friday, tallying a gain of more than 1% for the week. Prices had briefly fallen below the key $1,800 mark during the session, after data showed a bigger-than-expected monthly rise in U.S. jobs. The “surprisingly strong nonfarm payroll report sent expectations soaring that the [Federal Reserve’s] near-term tightening will be […]