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The wide inflation rate in Germany fell in March to its lowest level since last summer. Details showed that the price index mostly decreased due to energy and raw materials. The key question is, has the deflationary process started? The overall rate decreased in March to 7.4% on an annual basis compared to 8.7% in […]

Daily Market Outlook, March 30, 2023 Nasdaq On The Cusp Of A New Bull Market Month and quarter end flows have seen Asian equity markets trade with a subdued tone, the upbeat finish on Wall Street failed to follow into the Asian session in any meaningful fashion as investors closed out positions, without any data […]

The British pound against the US dollar remains ready to grow. The current quote is 1.2316. The British statistics from yesterday demonstrated that the net volume of loans given to individuals in February had dropped to 2.2 billion GBP from 3.7 billion GBP previously. At the same time, the number of mortgage permits had grown […]

Silver is gradually approaching the resistance at the level of 24.75. The asset might eventually face this resistance, pull back from it, and drop to the level of 22.40. Now, it would be good to follow the candlestick formations, which may forecast the next move of silver. American stock index S&P 500 is heading towards […]

TitleUSDCAD H4 | Potential Bullish Reversal TypeBullish Bounce Preference:Price is currently at our pivot at 1.35667 which is an overlap support along with 50% Fibo retracement. If price were to reverse, it could push up to 1st resistance at 1.36822 which is a swing high resistance along with 50% Fibo retracement. Alternative scenario:On the other […]

USDCHF, “US Dollar vs Swiss Franc” On H4, USDCHF are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI have rebounded from the resistance line. In this situation, we should expect the price to test the level of 2/8 (0.9155), break it, and fall to the support at 1/8 (0.9094). […]