Category: Technial Analysis
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0727. At the moment, the market has formed a consolidation range around this level and, escaping the range downwards, continues developing a wave of decline to 1.0684. After the price reaches this level, a link of correction to 1.0727 (a […]
The BTC on Monday is falling to 26,807 USD. The support level of 26,500 USD has become active again; moreover, below it is the level of 26,000 USD, and it seems that the market might drop there. Activity in the crypto sector remains low. We already highlighted this last week. At the beginning of the […]
Reliable Trading since 2012 Reliable Trading since 2012 Facebook Twitter Linkedin Forex Trading Open Account Account Types Account Specs Trading Getting started Contract Specs Execution Model About Management team Contact us & location Regulation CySEC Regulated BaFIN Registered CONSOB Registered X Global Markets Ltd is a European investment firm that is authorized and regulated by […]
EURUSD, “Euro vs US Dollar” EURUSD has pushed off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.0715 is expected, followed by a decline to 1.0465. An additional signal confirming the decline will be a […]
XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern near the support level. The instrument could now go by the reversal signal in an ascending wave. The growth target might be 1960.00. After testing the resistance, the price could rebound and continue the downtrend. However, the quotes could drop to 1925.00 without […]
Metals on the Move The pull back in the US Dollar has benefited metals nicely. Silver prices are now up around 6% from last week’s lows. An agreement on the US debt ceiling has fuelled an unwinding of the USD safe-haven trade, allowing metals room to recover. Additionally, dovish comments from leading Fed members this […]
“The winds of change” in the Federal Reserve’s policy have sharply shifted direction once again: in a matter of days, the chances of a rate hike on June 14th have decreased from 65% to 26%: The dramatic ups and downs in the likelihood of a rate increase can be attributed to the “back-and-forth” approach taken […]
Daily Market Outlook, June 02, 2023 Munnelly’s Market Commentary… Most Asian equity markets had a positive trading session as the region drew inspiration from the gains on Wall Street. The S&P 500 and Nasdaq reached nine-month highs, buoyed by optimism surrounding the debt ceiling, falling labour costs, and dovish commentary from the Federal Reserve. Meanwhile, […]
Bitcoin Rising On USD Drivers Bitcoin futures are trading higher today ahead of the US jobs number. A combination of a weaker Dollar and bolstered risk sentiment attached to dovish Fed expectations and the passing of the debt ceiling bill are helping underpin crypto currently. However, there are two-way risks into today’s US labour market […]
The market’s most traded currency pair returned to stability on Friday. The current EURUSD quote is 1.0770. The attractiveness of the US dollar as a safe-haven asset decreased after the Senate approved the draft bill on raising the public debt limit. It turns out that the risk of default has been the main foothold for […]