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Daily Market Outlook, May 5, 2023 Asian equity markets are in general hugging the flatline in holiday thinned trade with Japan offline, the handover from Wall Street was again less than convincing, banking concerns continue to linger, however, a decent set of earnings from Apple kept risk appetite afloat ahead of today’s Non Farm Payroll […]

The FOMC meeting on Wednesday indicated that the Fed is very close to announce a pause and the range-bound response in Treasury yields suggests that there was no significant shift in rate expectations: FOMC members voted unanimously to raise interest rates by 25 basis points, bringing the federal funds rate to 5-5.25% range. Consensus before […]

Daily Technical Trade Setups For BTCUSD, ETHUSD & ADAUSD To access today’s actionable analysis, click here! Source: Tickmill

ECB Pivots on Rates Yesterday’s ECB meeting was a tricky event for EUR bulls. With long positions overextended ahead of the meeting and a smaller .25% rate hike well baked into price, it was going to take a clear hawkish surprise from the bank to help drive EUR higher near-term. However, this hawkish surprise didn’t […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a further price fall to the nearest support at 0/8 (0.8789) is expected. The scenario can be cancelled by rising above […]

The Australian dollar is using the impulse of growth efficiently, rising to its two-weeks highs against the US dollar. The current AUDUSD quote is 0.6732. Most probably, the AUD is supported by the weak dollar factor, while the fundamental background looks rather gloomy. The Reserve Bank of Australia has decreased expectations concerning inflation, wages, and […]