Latest Market News
TitleEURJPY H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference: After forming a double bottom, price is rising towards our pivot point at 158.9, which is a potential pullback resistance level, aligning with the 61.8% fibo retracement and 61.8% fibo projection. We can expect a bearish reversal from the pivot point, for price to […]
TitleXAUUSD H1 | Falling from Fibo 61.8? TypeBearish Reversal Preference:Price has just reacted off our pivot point 1946.06, which serves as an overlap resistance level that aligns with 61.8% Fibo retracement. A reversal from this point could lead the price to drop to the 1st support at 1938.121, an overlap support level. Alternative scenario:However, if […]
Weak US Jobs Data Weighs on Fed Tightening Expectations Despite weakness seen in key US labour market indicators last week, USDJPY is starting the week in the green. On Friday, the latest jobs report was a mixed bag. The headline NFP reading was seen coming in above forecasts at 187k vs 169k expected, though the […]
Lagarde on Watch EURUSD continues to hold at a key support level ahead of an upcoming speech by ECB chief Lagarde later today. Traders will be keen to see if Lagarde gives any clues as to how the ECB is likely to act at the next rate setting meeting due later this month. The market’s […]
The BTC exchange rate is down to 25,997 USD on Monday. Over the week, the flagship cryptocurrency sagged by a symbolic 0.05%, essentially remaining flat. However, within the week, the price saw an upward movement but failed to sustain it. Investors failed to develop the buying momentum that formed after the positive court decision in […]
The major currency pair remained in a weak position on Monday, although it is attempting to correct itself. The current EURUSD exchange rate stands at 1.0780. The US released a significant set of crucial macroeconomic statistics last Friday. The data impressed investors and revived discussions about the future of interest rates in the US market. The […]