News

The Australian dollar, paired with the US dollar, declined markedly. The current AUDUSD exchange rate stands at 0.6612. On the one hand, the downgrade in forecasts for China was a negative factor for Australia. The consensus at the Davos forum was that China would show modest economic growth in 2024. These cautious expectations are attributed […]

Post-SEC Slump Continues Bitcoin bulls are currently battling against a case of ‘buy the rumour, sell the news’ on the back of the recent SEC spot-bitcoin ETC approval. Since news of the approvals came through, Bitcoin futures have fallen around 15%, putting the market down around 8% from the 2024 opening price. In all, the […]

UK Wages Fall GBP is falling today after the latest labour market data released this morning showed a firm drop in wage growth over the three months to November. Average earnings dropped to 6.5% from 7.2% prior, below the 6.8% the market was looking for, marking the third consecutive in the reading.  On the back […]

EURUSD, “Euro vs US Dollar” EURUSD has broken the 1.0950 level downwards and continues extending the range to the lower boundary. The target is 1.0913. Once this level is reached, a new consolidation range might form under it. With an escape from the range upwards, a growth structure to 1.0950 might form. In case the […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD has broken the 200-day Moving Average on H4 and rests below it, revealing the prevalence of a downtrend. However, the RSI has reached the oversold area. As a result, in this situation a test of 4/8 (0.6591) is expected, followed by a rebound from this level and a […]

Daily Trade Setups In this update, we review the recent price action in CADJPY XAGUSD & Microsoft and identify the next high-probability trading opportunities and price objectives to target. To view today’s actionable analysis click here Source: Tickmill