News

EURUSD, “Euro vs US Dollar” EURUSD has pushed off the upper border of the descending channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the upper border of the Cloud at 1.0655 is expected, followed by falling to 1.0435. A signal confirming the decline will be a bounce […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are above the 200-day Moving Average, revealing prevalence of an uptrend. The RSI has bounced off the support level. The quotes should now rise above the resistance level of 7/8 (0.9460) and grow to 8/8 (0.9521). The scenario can be cancelled by a downward breakaway […]

Daily Market Outlook, March 2, 2023 All Eyes On Euro Area Inflation ISM data left Wall Street closing on a whimper, markets are increasingly pricing a higher terminal rate for the US rate cycle, compounded by hawkish rhetoric from Fed members Bostic & Kashkari both of whom remarked that a 5%+ terminal rate is required […]

Oil Traders Cut Longs The latest CFTC COT institutional positioning report, the first to be released since January 27, saw oil traders pairing back their upside exposure. Net longs were reduced from 249k to 243k contracts. The muted movement in positioning has been well reflected in the muted price action we’ve seen in crude recently […]

The British pound against the US dollar is declining. The current quote is 1.2000. The head of the BoE Andrew Bailey voiced yesterday that nothing had been decided firmly yet in terms of interest rate increases in Britain. At the conference, Bailey tried to warn investors of either excessive confidence about the end of interest […]

EURUSD, “Euro vs US Dollar” The currency pair formed a consolidation range around 1.0611, and with an escape upwards it corrected to 1.0690. Today a new structure of decline to 1.0584 should develop. And with a breakaway of this level downwards, a pathway for a wave to 1.0475 should open. GBPUSD, “Great Britain Pound vs […]