News

EURUSD, “Euro vs US Dollar” On H4, near the support, the pair has formed a Hammer reversal pattern. Currently, the instrument might go by the reversal signal in an ascending wave. The target for the growth will be 1.1060. However, the price may still correct to 1.0950 and continue the uptrend after testing the support. […]

Daily Market Outlook, April 27, 2023 Banking sector concerns are once again clouding the risk landscape as Wall Street witnessed a late day sell off as investors were reluctant to hold meaningful risk exposure given the pressure on regional banks, however, as was the case the day before an overnight bid has developed driven by […]

Microsoft Shares Spike Shares in Microsoft are trading sharply higher ahead of the open today after the company reported a bumper set of Q1 earnings yesterday. The results, which came in after a session of losses, saw the company posting Q1 EPS of $2.45, vs $2.23 expected, on revenues of $52.857 billion vs $51.019 billion […]

EURUSD, “Euro vs US Dollar” EURUSD completed a structure of a declining wave to 1.1000. At a certain point, the market formed a consolidation range around this level and, breaking it downwards, extended the range to 1.0963. A correction to 1.1000 (a test from below) looks possible today. Next, a decline to 1.0950 could follow. […]

Risk Aversion Hits Aussie The Aussie Dollar has come under heavy selling pressure today, with the pair now down almost 3% from the April highs. Part of the driver behind the move is the broad risk aversion we’re seeing in market currently on the back of sliding stock prices yesterday. Weaker-than-expected US data has heightened […]

Daily Market Outlook, April 26, 2023 Asian equity markets are clinging to modest gains, this is following a less than inspirational handover from Wall Street as US investors hit the sell button into the close as banking contagion concerns resurfaced, as First Republic Bank shed another 50% of its already decimated share price as the […]