Category: Technial Analysis
The crypto market is selling. In the last 24 hours, the BTC lost 2.85% and dropped below $20,000, which is the psychologically important level. One should take note that the crypto market hasn’t responded in a positive way to any local attempts by the US indices to rise. On the other hand, any slight decline […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0383 along with the correction up to 1.0484, EURUSD continues falling towards 1.0355. Later, the market may correct to return to 1.0484 and then resume trading downwards with the target at 1.0300. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave […]
Treasury yields in the United States are falling as market prices reduce inflation. On Friday, U.S. Treasury yields fell, with the breakeven rate on longer-dated inflation-protected bonds falling to nine-month lows, on market expectations that elevated U.S. consumer prices will fall close to the Federal Reserve’s inflation target. The yield on 10-year Treasury notes fell […]
Oil prices rose by more than 2%, during trading today, Friday, July 1, 2022, to compensate for most of the losses witnessed in the previous session. The rise came after it eased during morning trading, as supply disruptions in Libya and the expected shutdown in Norway exceeded expectations that an economic slowdown could dampen demand. […]
GBPAUD Looking to Breakout Price action in GBPAUD is looking interesting here. The pair has been in range formation for months now, caught between support at 1.7218 and resistance at 1.7811. However, each test of the support level has been accompanied by growing bullish divergence in momentum studies. The pair is now once again testing […]
Daily Market Outlook, July 1, 2022 Overnight Headlines US Stocks Suffer Sharpest First-Half Drop In More Than 50 Years Q2 Earnings Concerns Weigh On Risk Sentiment Bitcoin Pares Jump Amid Dip Buying In Hope Of Better Second Half Oil Heads For Worst Run Of Losses This Year On Recession Concern McConnell Threatens China Bill Over […]
EURUSD remains weak; investors are in no hurry to buy. The major currency pair is looking weak on Friday. The current quote for the instrument is 1.0463. The inflation boost in the US spoiled investors’ moods pretty much. The Consumer Price Index in the US added 0.6% m/m in May after gaining 0.2% m/m in […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Shooting Star reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending impulse. In this case, the downside target may be the support level at 1785.50. […]
Oil Turns On a DimeThe final week of H1 comes to an end and it’s certainly been something of a finale for traders. We’ve seen plenty of action this week with a host of big moves and key developments across financial markets. Looking away from the FX space for a change, it seems that outside […]
Credit AgricoleCHF: no denying parity no more EUR/CHF dipped below parity yesterday for the first time since 7 March, as prior to that such levels had not been seen since January 2015 and the aftermath of the floor removal. Three months ago, the pair was quick to reverse higher as the SNB possibly lent a […]