Category: Technial Analysis
The increased geopolitical premium and rotation out risk assets on expectations of higher Fed rate have made a significant contribution to the weakening of currencies tied to business cycle fluctuations or those that correlate with equity returns. High uncertainty around the situation in Ukraine may discourage investors to buy those currencies in near-term, at the […]
UK Data Soft Patch ContinuesGBP traders have been hit by a further round of poor data this week. The latest PMI data sets for January, released yesterday, showed that both the manufacturing and services sector were weaker than expected over the month. The manufacturing PMI was seen falling back to 56.9, from the prior month’s […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after growing and reaching 50.0% fibo, the asset is trading to the downside. This movement may be considered another descending impulse within the downtrend; its closest target is the low at 1.1186, a breakout of which may lead to a further decline […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating near the lows around 1.1330; it has already expanded the range both downwards and upwards to 1.1290 and 1.1334. At the moment, the asset is correcting to the downside. Possibly, today the pair may complete the correction by falling and reaching 1.1307. If later the market […]
EURAUD Looking For Lift OffEURAUD looks poised to breakout here. Price has been holding in a block of consolidation between the 1.5671 level support and resistance at the 1.5876 level, sitting in the lower portion of a large triangle pattern. With both MACD and RSI bullish here, and with the market pressuring the topside level […]
Metals Well-Bid On Monday But FOMC LoomsThe metals complex has started the week with a positive tone as both gold and silver see decent demand across the European open on Monday. With USD continuing to hold within the narrow block of consolidation which has formed recently, and with equities markets tanking, gold prices look likely […]
2021 saw significant growth in demand for LNG-powered vessels on the high seas. More than 10 operators announced multiple orders for vessels throughout the year; This reflects the awareness of shipowners and operators of the environmental and climate benefits of using LNG. A new report, “Liquefied Gas as a Transition Fuel”, released by the Multi-Sectoral […]
Asian and European markets are in the red on Monday with the weakness of US equities on past Friday being key catalyst of downward momentum. Investors increased demand for cash amid growing risk-off mood helping USD to stand out among G10 peers. Interestingly, 10-year bond yields extended decline after hitting 1.90% peak in the last […]
Amazon Under PressureAmidst the broader sell-off in risk assets, tech stocks have been among the hardest hit over the recent weeks. Looking at Amazon in particular, the company’s stock saw a deep 12% slide last week, marking its worst week since 2018. Pre-market pricing shows Amazon stock is due to open a further 4% down […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario […]