News
EURUSD, “Euro vs US Dollar” The currency pair has completed a structure of decline to 1.0290. Getting support at this level, the market has performed a link of growth to 1.0440. Today a consolidation range might form around this level. With an escape upwards, a pathway up to 1.0590 will open. With an escape downwards, […]
USD Slides As Powell Greenlights Smaller December Hike The US Dollar has come under heavy selling pressure today following a dovish set of comments from Fed’s Powell yesterday. Speaking at the Brookings Institute, Powell told audience members that the Fed agreed that a smaller pace of rate hikes would be appropriate from as early as […]
Type: Bearish Momentum Key Levels:Resistance:745.500Pivot:613.250Support:665.000 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the the support level at 665.000, where the 78.6% Fibonacci line is. Alternative […]
EURUSD, “Euro vs US Dollar” The currency pair has broken through 1.0160 and has completed a structure of growth to 1.0496. At the moment, the market continues forming a consolidation range under this level. A link of correction to 1.0160 is not excluded. With an escape from the range upwards, a pathway to 1.0580 will […]
The Japanese yen got seriously stronger against the US dollar overnight. The current quote is 136.30. The main reason for the stabilisation of the yen became the crash of the dollar. This happened after the head of the US Federal Reserve System Jerome Powell acknowledged their plan to increase the interest rate in smaller portions […]
Daily Market Outlook, December 1, 2022 ‘Powell Points To Moderating The Pace Of Rate Rises, Santa Rally To Start?’ Asian equity markets took their lead from the late surge on Wall Street, Fed Chair Powell delivered a speech on the economy, inflation and employment, during which he suggested it made sense to consider slowing the […]