News
Bitcoin has pulled from the supporting level of 22500, forming a bullish engulfing. Currently, it seems that the asset might potentially jump and face resistance at the level of 25000. So, let’s wait and see what is about to happen next. Gold remains at the supporting level of 1880 for now. The asset is likely […]
Shares Surge on Earnings Release Shares in UK drugmaker Astra Zeneca, famous for its covid vaccine, are surging higher today in response to the group’s latest earnings report. While Q4 revenues were a little below forecasts at $930.5 billion vs $934 billion expected, the group’s full year 2022 results were solid with profits soaring to […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting in a Wedge reversal pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2120 is expected, followed by falling to 1.1845. An additional signal confirming the decline will be a bounce off the upper […]
The Australian dollar in the pair with the US dollar will not give in, trying to recover. The current quote is 0.6953. Moods change too fast but there are chances for a bounce. The decision of the Reserve bank of Australia from 7 February to increase the interest rate was expected: the interest rate grew […]
Dow Pushing Higher Following an impressive rally over much of Q4, the Dow has seemingly lost in mojo in recent months. The 21% Rally off October’s lows, fizzled out into December, seeing a partial correction from which point the Dow has been stuck in a consolidation pattern. However, conditions now look to be shifting in […]
Daily Market Outlook, February 7, 2023 Powell’s Speech The Highlight of The Day, First Post Payrolls Remarks “Asian equities traded with mixed tone overnight following on from a very quiet session on Wall Street, as investors were reluctant to extend risk ahead of a speech by Fed Chair Powell, who addresses the Economic Club of […]