Latest Market News

The Australian dollar, paired with the US dollar, is on its way to recovery. The current AUDUSD exchange rate stands at 0.6437. This morning, the minutes of the previous RBA’s meeting were published. It is mentioned in the document that the Reserve Bank of Australia considered a new hike in the interest rate by 25 […]

TitleSPX500USD H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference: Price could rise towards our pivot point at 4493, which is a pullback resistance level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. We can expect price to react bearishly, and if it does, it could fall back to the 1st support […]

TitleGBPUSD H$ | Bouncing off support level? TypeBullish Bounce Preference:The price has just bounced off the pivot point at 1.2375, which is a multi-swing low support level. A bounce from this level could lead the price to rise toward the 1st resistance at 1.24059, which is an overlap resistance. Alternative scenario:However, if the price breaks […]

BTC Bounces Back Following the heavy selling we saw across August, Bitcoin prices have turned higher in recent sessions. BTC futures have rallied off the September lows printed last week, trading higher by around 8.5% into the European morning on Monday. BTC came under fresh selling pressure last week amidst fears over the sale of […]

This week will witness meetings of several central banks from both developed and developing countries. Decisions on interest rates will be made by the Federal Reserve (Fed), the Bank of England, the Bank of Japan, the Central Bank of Brazil, the Central Bank of Turkey, and several European economies. Investors are struggling to shift their […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a declining wave to 1.0631. By now, it has performed a link of growth to 1.0686. A decline to 1.0648 is expected today. Practically, a consolidation range is forming around this level. The range might then extend to 1.0700. Next, the price could drop to 1.0608 and […]