Category: Technial Analysis
The BTC lost its foothold and dropped to 22,787 USD. The decline over the week amounts to 3.95%. After last Friday the US employment statistics was out, investors got anxious about future reactions of the Fed. The report was strong, which could assure the Fed about further tightening the credit and monetary policy. This is […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of decline to 1.0818. Today a consolidation range may form around this level. With an escape upwards, a link of correction to 1.0930 is not excluded. With an escape downwards, a pathway to 1.0760 should open, from where the wave might continue to […]
TitleCADJPY Potential for bullish rise towards overlap resistance TypeBullish Bounce Preference:Looking at the H4 chart, my overall bias for CADJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.Looking for price to retest the pivot which is the overlap support for buys. Price could then head towards the […]
Daily Market Outlook, February 6, 2023 “Asian equities are trading lower this morning as financial markets continued to digest Friday’s blow out jobs data, the stand out performer is the Nikkei as chatter regarding the next BoJ Chief hit the wires overnight, the widely viewed dovish Amamiya has reportedly been tapped for the top job, […]
4th Quarterly Miss in Q4 Shares in Google parent company Alphabet are down around 5% ahead of the open today as traders digest the company’s Q4 earnings reported late yesterday. The company undershot both EPS and revenues forecasts with EPS of -$1.05 vs $1.17 forecast and revenues of $76.04 billion vs $76.17 forecast. Underwhelming Q4 […]
US Jobs Up Next On the back of the FOMC meeting this week, today’s US jobs report will draw plenty of attention. However, instead of the headline NFP results, the bigger focus will likely be on wage growth data. With the Fed having pivoted to a smaller .25% hike this time around, and sounding more […]
US equities posted a good performance on Thursday, with the SPX almost testing 4200 points and NASDAQ jumping 3.56%, very close to 13000 points, the highest level since the end of August. The FOMC meeting was a nothingburger with the FOMC statement and Powell comments indicating a strong bias towards a much less hawkish stance, […]
MSCI Makes New Ground It’s been a busy week for markets across the board this with plenty of volatility to enjoy and with the NFP still to come, there might still be more volatility yet. With plenty of action in US earnings as well as the February FOMC, BOE and ECB meetings, we’ve seen a […]
Daily Market Outlook, February 3, 2023 Trifecta of Tech Disappointment Weighs On Risk Sentiment Ahead of NFP’s Asian equity markets took their lead from a late day slide on Wall Street as gains were conceded into the close of trade, although US markets ultimately posted solid returns on the day, they finished well off their […]
Brent On H4, the quotes have broken through the 200-day Moving Average and are now below it, which indicates possible development of a downtrend. However, the RSI has reached the oversold area, which is a signal for a correction. So, a test of 4/8 (81.25) is expected, followed by a bounce off it and growth […]