Category: Technial Analysis
EURUSD is falling deeper down. The current quote is 1.0600. The statistics from yesterday demonstrated that the US economy in Q4 2022 grew by 2.7%. This is the second calculation, and it is not quite typical: the indicator declined after the revision, though normally it does quite the opposite. The initial calculation suggested growth by […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCAD, H4 | Potential rise to a key overlap resistance TypeBullish rise Preference:Looking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above the Ichimoku […]
Yellen Says US Can Avoid Hard Landing US stocks were seen climbing off the lows yesterday as comments from Treasury Secretary Janet Yellen helped boost sentiment. The former Fed chair was speaking on the side-lines of the G20 summit and told reporters that she believes the US has the potential to avoid a hard landing. […]
The BTC has gone down. On Friday the leading crypto has shrunk to 23,971 USD. Buyers still need to return above 24,500 USD to get a chance for achieving something above 25,000 USD. Then the target range will be 29,000-30,000 USD. The US stock market tries to bounce again and again but is doing a […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0577. Today the market might show a link of correction to 1.0637 and then go down to 1.0568. After this level is reached, a new correction to 1.0690 should start. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]
Etsy Up Next US earnings season continues today and among the key names reporting, iconic e-commerce Etsy will be one of the key focus points for traders. On the back of a Q3 earnings miss, traders will be looking to see whether the company’s performance rebounded in Q4 or worsened. On the numbers front, […]
Oil Under Pressure It’s been another dismal week for oil traders. Crude futures have fallen over 8% from last week’s highs and are close to testing the YTD lows as selling continues into the end of the week. Broadly speaking, the market has been stuck in a range between 72.61 and 81.40 over the last […]
US Adv GDP Up Next On the back of last night’s FOMC minutes, focus today switches US advanced GDP for Q1. On the back of the prior quarter’s 2.9% reading, the market is looking for an unchanged result today. Clearly, with the recent narrative of surprising resilience in the US economy creating room for the […]
Nvidia Bounces Back The big story from US earnings yesterday was the better than forecast results from tech group Nvidia. Rebounding from the prior quarter’s losses, the group posted Q4 EPS of $0.88 vs $0.81 expected on revenues of $6.051 billion vs $6.015 billion expected. Worth noting that year-on-year both EPS and revenues were lower. […]
Bitcoin has tested a very strong resistance at the level of 25200 and entered a correction. The asset might gain the required support at the level of 21500 and jump again. So, let’s wait and see what is going to happen next. Silver is trying to head up. However, it might retest the level of […]