Category: Technial Analysis
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level the pair has formed a Hammer reversal pattern. The pair is now going by the signal in a correctional wave. The goal of the decline might be 1.3455; then the price may bounce off the resistance level and continue falling. However, the price […]
GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the resistance level. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line is expected at 1.2170, followed by growth to 1.2485. An additional signal confirming the growth will be a bounce off the lower border […]
GS Shares Tank on Q4 Results Shares in Goldman Sachs are on the backfoot today following heavy losses yesterday amidst a weaker-than-expected set of Q4 earnings. On the back of solid results from JPM and Citi last week, investors were hoping for a similar display from Goldman. However, with EPS coming in at $3.32 vs […]
Key US Data Up Next Today sees a double whammy for US data with both December PPI and Retail Sales due. On the back of weaker-than-forecast US inflation, today’s data is drawing more attention-than-usual. USD has been in decline since those Dec CPI figures were released with traders now anticipating a further pivot from the […]
On Wednesday, the BTC is balancing near 21,278 USD. The bullish mood is still raging over the market, so the pause in buying is is no way suspicious. The buyers are heading for 22,000 USD. The resistance area is between 21,500-22,500 USD. On the whole, the situation is quite benevolent to those who support crypto. […]
The British Pound against the US dollar on Wednesday is ready to keep growing. The current quote is 1.2286 So, Britain presented the first block of interesting macro statistics. The unemployment rate in November did not change, remaining at 3.7%. The number of unemployment claims in December increased to 19.7 thousand from 16.1 thousand. Average […]
BOJ Holds Steady Traders were treated to some late New Year fireworks overnight as the Japanese Yen collapsed across the board in reaction to the latest BOJ meeting. Ahead of the January monetary policy meeting, traders had been increasingly expectant that the BOJ would signal a shift in policy. With the bank having recently lifted […]
Daily Market Outlook, January 18, 2023 BoJ Double Down or Bust The Bank of Japan has once again remained anchored to their easy monetary stance, frustrating bond traders who had been poised to profit from an about turn in Yield Curve Control policy, the Japanese Yen shed 2% as the Nikkei ascended by a similar […]
Equities Hold Onto Early 2023 Gains A mixed start for equities markets on Tuesday on the back of the latest Chinese economic data seen overnight. Q4 China GDP was seen slowing to 2.9%, well below the Chinese government’s 5.5% target. However, the result was above the market’s 1.6% consensus forecast and shows that while activity […]
On Tuesday, the British pound against the US dollar remains neutral. The current quote is 1.2194. This week, Great Britain will be very active on the macroeconomic calendar. And the news can make the pound nervous. For example, today the employment market statistics for December are due. Both the number of unemployed and average wage […]