Latest Market News

The Japanese yen has returned to the course of devaluation against the US dollar. The current USDJPY quote is 143.01. The yen reacts to macroeconomic reports selectively, but today is the case. The latest statistics showed that consumer prices in Japan increased faster than expected in May. At the same time, a tendency towards inflation […]

Brent Brent quotes are under the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has broken the support line. In this situation, a breakout of 3/8 (73.44) is expected, followed by a decline to the support at 2/8 (71.88). The scenario can be cancelled by rising above the resistance at […]

BOE Hikes Again The BOE took the bull by the horns yesterday and hiked rates by a further .5%, taking the headline UK interest rate up to 5%, its highest level in 13 years. The move comes on the back of the latest UK CPI data earlier this week which showed core inflation moved higher […]

Powell’s testimony in Congress had a negative impact on the dollar, causing the US currency index to bounce off the upper boundary of the bearish channel, dropping by 102 points and forming a double bottom reversal pattern: Yesterday, the head of the Federal Reserve expressed uncertainty about the need for future tightening and used a […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting in a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the support area at 1.2675 is expected, followed by a rise to 1.2945. An additional signal confirming the rise will be a rebound from the lower […]

EURUSD, “Euro vs US Dollar” The currency pair has broken the consolidation range upwards and completed a structure of growth to the 1.1010 level. Today the market is forming a pattern of a declining wave to 1.0925. After this level is reached, a link of growth to 1.0955 (test from below) is possible, followed by […]