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The BTC dropped again. The market melted down under the fears of the upcoming steps of the Federal Reserve System. The US stock indices slid down, and because of high levels of correlation with them the BTC lost balance as well. For the buyers, the situation looks disquieting because the price has dropped under the […]
EURUSD got depressed again. The current quote is 1.0720. The falling of the market major overnight is not the most common event, but now it looks normal. Investors are cautious, waiting for inflation statistics. The publication is scheduled for the next week. The scariest thing for the market is the probability of the economic slow-down […]
Daily Market Outlook, February 10, 2023 Valentines Day Pick For BoJ Chief Could Prove To Be A Heartbreaker For Yen Bears Asian equities are mostly lower overnight as declines in US equities persisted following reports suggesting Fed comments that US interest rates have further to rise. Chinese inflation data for January was mixed as annual […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleGold potential for bearish drop towards overlap support TypeBearish Drop Preference:Looking at the H4 chart, my overall bias for Gold is bearish due to the current price being below the Ichimoku cloud, […]
Daily Market Outlook, February 9, 2023 European Markets On the Front Foot, As German Inflation Increases At A Slower Rate Asian markets trade with a bid tone, China indices pushed higher on PBOC liquidity interventions, an overnight reversal in US futures adds fuel to the risk on sentiment as delayed German inflation data came in […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleEURUSD Potential for bearish drop towards previous swing low TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for EURUSD is bearish due to the current price being below the Ichimoku […]