Category: Technial Analysis
USDCAD, “US Dollar vs Canadian Dollar” On H4, near the resistance level, the pair has formed a Harami reversal pattern. The pair can now go by the signal with a descending impulse. The goal of the decline is 1.3130; the pair might later bounce off it and continue growth. However, the price may still grow […]
BNY Mellon Household Debt Drags G10 Commodity FX One of the most stable groups of positive holdings in iFlow this year has been the G10 commodity currency trio of CAD, NOK and AUD. From initial fears of global stagflation to more recent support from interest-rate hikes, those currencies have understandably been held on an absolute […]
Daily Market Outlook, September 13, 2022 Overnight Headlines US Benchmark CPI Set To Ease, Core Rate Poised For Increase Biden Seeks To Make Economy An Election Asset — If Prices Ease Fed Set For Another 75-Basis-Point Rate Hike; Early Pivot Unlikely Chinese Premier Stresses Policy Implementation To Stabilize Econ Analysts Expect China MLF Rate To […]
US CPI Up Next Today’s US CPI release is drawing a great deal of attention in the run up to the September FOMC meeting. Market pricing has recently swung in favour of a larger .75% hike. However, USD has been trading lower over recent days as increased hawkishness from the ECB and hawkish expectations ahead […]
Equities Rallying As USD Continues to Fall Global equities benchmarks have seen a much stronger start to the week. Extending gains from the backend of last week, the current equities rally is in good health again this week, owing much to the weakness in the US Dollar. With the greenback having pulled away sharply from […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which means the prevalence of the downtrend. A test of 4/8 is expected, followed by a breakaway and falling to the support level of 5/8. The scenario can be cancelled by breaking through 5/8, which might lead to a trend […]
• Palladium reversed from resistance level 2270.00 • Likely to fall to support level 2000.00 Palladium recently reversed down from the key resistance level 2270.00 (which has been reversing the price from the end of April). The resistance level 2270.00 was further strengthened by the nearby upper daily Bollinger Band and by the 38.2% Fibonacci […]
• GBPUSD reversed from resistance level 1.1740 • Likely to fall to support level 1.1400 GBPUSD recently reversed down from the key resistance level 1.1740 (former monthly low from July), 20-day moving average and the 38.2% Fibonacci correction of the downward impulse from August. The downward reversal from the resistance level 1.1740 continues the active […]
The dollar retreat eased pressure on oil prices as Brent price flirted with $95/bbl level on Monday. Despite the bounce and momentum that may drive prices higher, there are clear bearish risks for the market. The key among these is China’s “Zero Covid” policy, which has been creating demand shocks, driving up price volatility. The […]
UK Wages Rise As Unemployment Falls The latest UK labour market data released today has further increased expectations of aggressive tightening action from the BOE. The unemployment rate was seen falling back to 3.6% in the three months to July, marking the lowest level of unemployment in the UK in almost 50 years. Additionally, wages […]