Latest Market News
Bitcoin remains at the level of 26000 for now. The asset might potentially test the supporting area formed around the level of 25000, rebound, and target the psychological support at the level of 30000. So, let’s observe what might happen next. Gold is trying to recover after the drop, targeting the level of 1980 located […]
The major currency pair is in a consolidation phase on Monday. The current EURUSD exchange rate stands at 1.0810. Last Friday, Jerome Powell, the Federal Reserve chair, delivered a speech at the Jackson Hole Economic Symposium in the US. The Fed’s stance came as no surprise. The regulator intends to continue raising interest rates if necessary. […]
TitleUS30USD H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference:Price has reacted to the 78.6% fibo retracement, and the ascending trendline as well. Our pivot point is at 34258.43, which is slightly above the 78.6% fibo retracement, and it is an overlap support level. We can expect price to rise towards the 1st resistance […]
TitleNZDJPY H4 | Potential bullish bounce? TypeBullish Bounce Preference: Price is falling towards the pivot point of 86.185 which is a pullback support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 86.746 which is a pullback resistance. […]
Bullard & Collins Support Further Hikes Ahead of the Jackson Hole Symposium today USDJPY is holding just below the YTD highs. USD is seeing fresh buying ahead of the event on the back of hawkish comments from Fed’s Bullard yesterday. The Philly Fed chief downplayed US recession risks and instead said that further tightening might […]
Metals Moving Up The metals market is rallying back this week. After coming under heavy selling pressure over the last month, gold futures are on course to print their fourth consecutive positive session today. The safe haven has seen better demand in recent days as US yields have fallen back ahead of the Fed’s Jackson […]