Category: Technial Analysis
Type: Bullish Rise Key Levels:Resistance: 2023.0 Pivot: 1945.0 Support: 1808.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% […]
Daily Market Outlook, December 5, 2022 Hang Seng & The Chinese Yuan Buoyant On Covid Restrictions Easing Further indications of curbing of Covid restriction policies in China supported Asian equity markets overnight, with the Hang Seng surging 9%, the Chinese Yuan was also a stand-out performer pressuring the Dollar to print two-and-a-half-month highs. CFTC data […]
At the beginning of this new winter week, the BTC looks not bad, looking for further opportunities for growth. On Monday, it is mostly moving at 17,342 USD. Over a week, the leading crypto grew by 6.8%. This is not bad, especially with the whole market being rather inactive and quite worried about the prospects. […]
The market major began the week by growth. The current quote is 1.0540. The US dollar got trapped by market inferences and previous comments of the Fed’s head Jerome Powell. First, Powell allowed for a more loyal attitude to the interest rate at the December meeting, and then investors came to their own conclusions based […]
US November Payrolls gained 263K, according to the report released by the BLS on Friday. The reading beat estimates however MoM growth was the lowest since April last year. Consensus estimate was 200K, October reading was revised up to 284K. Unemployment level remained unchanged at 3.7% which was in line with the forecast. In the […]
Daily Market Outlook, December 2, 2022 ‘Markets Marking Time Ahead Of Non-Farm Payrolls Release Wall Street took a breather following the post-Powell-inspired rally, consolidating above the 4000 level, some softer manufacturing data was digested along with several Fed members who reiterated the call for a focus on fighting inflation with restrictive monetary policy. Asian markets […]
CADJPY Sell Off Continues CADJPY has been one of the best short plays of recent weeks, driven by weaker oil prices and a higher JPY. With global recessionary fears mounting as we push into the winter in the West, uncertainty around developing events in China, and a shift in USD outlook, JPY has emerged as […]
NFP Up Next All eyes are on the latest set of US labour reports today. With the US Dollar heavily sold in the run up to the release, expectations are primed for further USD sales into the weekend. Indeed, on the back of dovish comments from Fed’s Powell earlier this week and with core PCE […]
Another batch of US macroeconomic data pointed to an easing in inflation pressures while the consumer spending index (Core PCE) rose by 0.2% in October against the forecast of 0.3%. US equities rose after the report, dollar dipped while Treasury bond yields retreated even lower, to the lowest level since early October. After the speech […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Shooting Star reversal pattern. Currently, the pair may go by the signal in a correctional wave. The goal of the pullback will be 1.0435. However, the pair might grow to 1.0650, break through the level, and continue the uptrend […]