News
US and European stock indices are on a slippery slope, the Dollar index found enough buyers to rebound from 101 level after the dip on Monday. The selling catalyst was disappointing report from the Dallas Fed regarding activity in US manufacturing sector. The corresponding index dropped to -23.4 points missing the forecast of -14.6 points. […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In these circumstances, a downward breakout of 2/8 (0.6652) can be expected, followed by a decline to the support at 1/8 (0.6622). The scenario can […]
EURUSD on Tuesday remains strong. The current quote is 1.1030. Last night, the market was so thin that a single sparkle was enough to cause noticeable fluctuations. This is exactly what happened. The American First Republic Bank reported a serious decline in the number of deposits in Q1 and a plan to cut down on […]
Daily Market Outlook, April 25, 2023 Asian equity markets are trading with a subdued tone following a lacklustre session on Wall Street as manufacturing survey data disappointed, after hours one of the poster childs for the banking crisis reported earnings, First Republic Bank issued earnings that surprised to the downside, which created jitters amongst investors […]
AI in Focus As US earnings season continues, the big focus today will be on tech titans Microsoft and Alphabet. Along with the focus on headline earnings and revenues traders will be particularly keen to receive the latest details about both company’s AI businesses. ChatGPT and Bard are at the forefront of the commercialisation of […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Shooting Start reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The target for the decline will be 1.3470. Next, the shares will have a chance to break the level and continue the downtrend. However, the price […]