Latest Market News
TitlePotential Bullish Bounce TypeBullish Bounce Preference:Price is falling towards the pivot point of 77.303 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 79.662 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level. Alternative scenario:If […]
The British pound sterling, paired with the US dollar, has retreated from a five-month high. The current GBPUSD exchange rate stands at 1.2677. GBP faced pressure as investors globally shifted away from risks on Tuesday. The US dollar is in demand as a safe-haven asset. Today is an active day from the point of macroeconomic […]
The Australian dollar, paired with the US dollar, declined markedly. The current AUDUSD exchange rate stands at 0.6612. On the one hand, the downgrade in forecasts for China was a negative factor for Australia. The consensus at the Davos forum was that China would show modest economic growth in 2024. These cautious expectations are attributed […]
Post-SEC Slump Continues Bitcoin bulls are currently battling against a case of ‘buy the rumour, sell the news’ on the back of the recent SEC spot-bitcoin ETC approval. Since news of the approvals came through, Bitcoin futures have fallen around 15%, putting the market down around 8% from the 2024 opening price. In all, the […]
UK Wages Fall GBP is falling today after the latest labour market data released this morning showed a firm drop in wage growth over the three months to November. Average earnings dropped to 6.5% from 7.2% prior, below the 6.8% the market was looking for, marking the third consecutive in the reading. On the back […]
EURUSD, “Euro vs US Dollar” EURUSD has broken the 1.0950 level downwards and continues extending the range to the lower boundary. The target is 1.0913. Once this level is reached, a new consolidation range might form under it. With an escape from the range upwards, a growth structure to 1.0950 might form. In case the […]