Latest Market News
CPI Driven Volatility Yesterday saw widespread volatility across all asset classes as traders digested the latest US inflation figures. There has been plenty of attention on the Fed recently given the wealth of Fed commentary we’ve had and the seemingly more hawkish tilt to much of it. Many Fed members, including chairman Powell, have been […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target could be 1.3780. Next, the price might break the resistance level and continue its upward movement. However, the quotes could pull back to 1.3655 […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a wide consolidation range around 1.0680. Amid the news, the market broke the range upwards and hit a local correction target of 1.0886. Today a consolidation range is expected to form below this level. Breaking it downwards, the price could start a downward movement to 1.0755 minimum. […]
TitleUSDCAD H4 | Potential bearish breakout TypeBearish Breakout Preference: Price is falling towards the pivot point of 1.36708 which is a pullback support that aligns with the 78.6% Fibonacci retracement level and could potentially break through this level; we could see momentum carry price down to its 1st support at 1.3578 which is a pullback […]
Gold Rally Continues Gold prices are trading higher through the middle of the week, spurred on by a weaker US Dollar. The greenback plunged yesterday in response to a cooler-than-forecast set of US inflation figures. US CPI was seen falling back to 3.2% YoY, down from 3.7% prior. The data has fuelled a pushback against […]
EURUSD, “Euro vs US Dollar” EURUSD has gained a foothold above the upper boundary of the bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0825 is expected, followed by a rise to 1.0985. An additional signal confirming the rise will be a […]