News
Equities Rally Pauses Amidst Fed Hawkishness It’s been a rather muted start to the week for benchmark global equities indices. On the back of the wave of better risk appetite we saw following the US October CPI report, markets have lost their shine due to a combination of better-than-expected US retail sales, hawkish Fed commentary […]
On Tuesday, the market major hardly moves; the current quote is 1.0250. Yesterday the news background for currencies was still, because main expectations were concentrated on commodities. The macroeconomic calendar is also empty, and the quotes have accounted for any expectations of the actions of the US Fed. Today important statistics will also be scarce. […]
• Brent Crude oil reversed from support level 82.00 • Likely to rise to resistance level 91.00 Brent Crude oil recently reversed up from the strong support level 82.00 (which reversed the pair sharply in September), standing below the lower daily Bollinger Band. The upward reversal from the support level 82.00 started created the daily […]
• CHFJPY reversed from support level 144.50 • Likely to rise to resistance level 150.00 CHFJPY recently reversed up from the key support level 144.50 (which stopped the price in September), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from August. The upward reversal from the […]
Type: Bearish Drop Key Levels:Resistance: 2506Pivot:2422Support:2280 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head towards the Pivot line at 2422, where the 50% Fibonacci line and 61.8% Fibonacci […]
Japanese CPI Jumps Again The BOJ’s commitment to maintaining an easing presence in the market is being tested further this week. The latest econ data shows that Japanese CPI hit forty-year highs last month at 2.7%, rising from the prior month’s 2% reading and well above the 2.2% reading the market was looking for. Annually, […]