Category: Technial Analysis

USDJPY is slowly growing for the second trading session in a row; market players don’t need “safe haven” assets.  The Japanese yen is falling against the USD. The current quote for the instrument is 115.36. After a quite successful trading session on Monday, the Yen has been falling for the second consecutive day. The reason […]

EURUSD rose pretty much; investors aren’t interested in the “greenback”.   The major currency pair remains in a good mood on Wednesday. The current quote for the instrument is 1.1364. The US Fed Chairman Jerome Powell, who spoke yesterday, provided market players with enough catalysts for further movements. First of all, Powell found a perfect […]

CitiEuropean OpenThe US CPI ahead seems to be reducing risk appetite in a dull session, with DXY flat and treasuries firmer in a tight range. Chinese CPI and PPI missed in today’s print, while USDCNH dipped on the announcement, on the back of a return in spot selling interest. Comments from BoJ’s Kuroda did not […]

Daily Market Outlook, January 12, 2022 Overnight Headlines White House Braces For Another Brutal US Inflation Report Pres Biden Urges Congress To Pass Voting Rights Legislation Sen Toomey Warn On Possible Raskin Pick As Fed Regulator China Inflation Fuels Rate-Cut Calls As World Set To Tighten BoJ Kuroda: Inflation Set To Gradually Accelerate On Energy […]

Credit AgricoleAsia overnight Investors remain nervous ahead of the US inflation data later this week. Sentiment is being supported a little by news that Pfizer could have an omicron-variant[1]specific vaccine for Covid by March. A potential peak in omicron infections in New York is also helping support sentiment as the peak would be about a […]

Daily Market Outlook, January 11, 2022 Overnight Headlines Four Fed Hikes May Be Just Start As Traders Boost Rate Bets Fed Powell Vow To Prevent Inflation Becoming ‘Entrenched’ Fed Clarida Resigns Two Weeks Early In Trading Controversy US, Russia Talks Yields Modest Progress Amid Ukraine Crisis Nord Stream 2 Sanctions Get Senate Vote As US, […]

Oil prices raised their gains by about 2% in trading today, Tuesday, with US crude rising near $ 80, as investors regained some of their appetite for risk, in conjunction with the continued struggle by some oil producers to increase production. This comes at a time when the crude markets are awaiting clues from the […]

Fed Fuels Dollar RallyThe USDCHF breakout idea issued ahead of the FOMC meeting minutes is now close to reaching its initial target at .9288. With the minutes confirming that the Fed is well and truly in hawkish mode, the market is primed towards further USD upside, especially against currencies linked to central banks still stuck […]

Markets Under Pressure As Traders Await US CPIAnother dreary start to the week for benchmark global equities indices. The leading indices tracked here were all seen in the red yesterday as Fed tightening expectations continues to weigh on sentiment. While we did see a rebound off the lows yesterday, most notably in the S&P, the […]

• Amazon reversed from support level 3132.30 • Likely to rise to resistance level 3330.00 Amazon recently reversed up from the key support level 3132.30 (previous monthly low from May), intersecting with the lower daily Bollinger Band and the support trendline of the daily down channel from the middle of November. The upward reversal from […]