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The market major used the US statistics quite efficiently. The current quote is 1.0650. EURUSD is trying and trying to grow, though investors look quite tired after the active week. The US statistics published yesterday demonstrated a decline in November retail sales by 0.6% m/m, while a decline by 0.2% had been forecast after previous […]

Type: Bullish Rise Key Levels:Resistance:2023.0Pivot:1945.0Support:1808.5 Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% Fibonacci line is before heading towards the […]

A softer-than-expected US CPI for November has made the job more difficult for the Fed, in the sense that it will be increasingly difficult to justify further rate hikes. Nevertheless, Powell is likely to try to convince markets today that the policy tightening will continue next year and there are good reasons for this. This […]

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The key question ahead of today’s ECB policy meeting was whether the bank would opt for a large rate hike with a dovish statement or deliver modest tightening policies while retaining a hawkish stance. The meeting indicated that the ECB leaned in favor of the second option. In its statement, the ECB did not skimp […]

Bitcoin has pulled from the level of 17000, targeting the level of 18000. Currently, the price of Bitcoin is approaching the level of 18500. The asset is likely to pull from this level and drop next to the uptrend. It is possible that Bitcoin will undergo correction and head up. Silver is heading up. Hence, […]