Latest Market News

EURUSD, “Euro vs US Dollar” The currency pair failed to break the level of 1.0800 downwards. The market got support at this level and started developing a new wave of growth to 1.0990. Today a rise to 1.0960 looks possible, followed by a decline to 1.0900. Next, an increase to 1.1000 is expected, from where […]

ECB Up Next Following on from the Fed yesterday, focus today turns to the ECB. In line with previous signalling and recent commentary, the bank is widely expected to press ahead with a further .25% rate hike. As such, the bigger focus will be on the guidance the bank issues and how it signals the […]

Factory Output Falls The latest data out of China overnight has given more cause for concern over the health of the world’s second largest economy. Industrial production was seen rising just 3.5% last month, down sharply from the 5.6% output seen over the prior month. This marks the slowest level of factory output since February […]

American stock index S&P 500 has closely approached the broken uptrend; therefore, it might potentially undergo correction soon. The asset’s price is likely to drop and target the level of 4195. So, let’s observe what might happen. Bitcoin has been moving along the supporting level of 25200 for many days in a row, trying to […]

The two-week consolidation period of gold price around $1950 has ended with a breakdown below the lower bound of the main ascending channel: The risk is increasing that sellers will temporarily seize the initiative, as buyers have lost their main stronghold in the form of the ascending corridor that started back in October 2022. From […]

The Japanese yen paired with the US dollar remains in a devaluation zone. The current USDJPY quote is 141.20. The difference in interest rates between the Bank of Japan and the US Federal Reserve System, although not increasing as rapidly as before, still leaves the JPY vulnerable. Most economists surveyed by Reuters believe that the […]