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Daily Market Outlook, February 1, 2023  Markets Await Fed Decision, After A Buoyant Month End Close on Wall Street Asian equity markets took the positive impetus on Wall Street and opened higher, driven by month end mark ups on US stocks with the benchmark SP500 closing +1.46% at 4,076, leading Asian investors to follow suit, […]

EURUSD, “Euro vs US Dollar” The currency pair escaped a consolidation range upwards and completed an extension wave to 1.1030. Today a correction to 1.0906 might happen, followed by growth to 1.0960. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a wave of decline to 1.2272. Today a structure of growth […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.7080 is expected, followed by growth to 0.7375. An additional signal confirming the growth will be a bounce off the lower […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDUSD, H4 | Potential to Bullish Continuation TypeBullish Continuation Preference:We are seeing the price break the 1st resistance level. Looking for a buy entry at slightly below the resistance at 0.71453, take […]

Bitcoin has repeatedly tested the level of 22500. Currently, the asset is still targeting resistance at the level of 25000.  The pullback from the broken level is a great chance for the bulls to realize their plans. Gold has tested the uptrend and formed a hammer. The asset might potentially jump soon, but only until […]

The Fed meeting in December, the Minutes of the meeting, incoming January US soft and hard data – all of them indicate that the Fed may deliver the penultimate rate hike today and implicitly announce the end of the tightening cycle at the next meeting. However, core inflation in the US is still high and […]