Category: Technial Analysis

Daily Market Outlook, May 3, 2022 Overnight Headlines RBA Lifts Rates By 25bps, Just Weeks Out From Election Australia’s Weekly Consumer Confidence Tumbles Amid Rate Jitters New Zealand Government Raises Debt Ceiling, Sets Surplus Limit USTR Tai: All Tools On Table To Beat Inflation, Tariffs Not Top Of List Italy Approves €14Bln Of Stimulus Measures […]

Bearish pullback in the major USD rally failed to gain traction on Monday as buyers stepped up with bids ahead of the Fed meeting on Wednesday, at which the Central Bank is expected to raise rates by 50 bp and outline a plan to sell assets off the balance sheet. The dollar index (DXY), having […]

Equities Bouncing Off LowsGlobal equities indices are seeing better demand across the European open on Tuesday, following the sales seen yesterday. Traders are digesting the recent round of PMI data releases which came in weaker than expected in China and the US. Growth concerns are back top of the mind this week in light of […]

Credit AgricoleAsia overnight Sentiment was steady as much of Asia returned from holidays. Firm US equities as investors started some dip buying last week helped support sentiment. Pledges by Chinese policymakers last week to help support the economy also continue to help sentiment. Investors remain cautious, however, ahead of a series of central bank meetings […]

The 10-year Treasury yield has finally reached an important 3% milestone, however, slipped below the level on lack of bearish consensus, greenback index stabilized at 103.50, the S&P 500 fell below 4100 on Monday, however, there lack of persistence from the sellers helped the index to close in green above the 4100 level. It seems […]

Aussie Bid Following RBA Rate HikeThe Australian Dollar has been in the spotlight today following the May RBA meeting overnight. The RBA took the historic move of hiking rates by 0.25% lows off their prior 0.10% level, taking the headline cash rate there up to 0.35%. The move marks the first such rate increase in […]

• Platinum reversed from support zone• Likely to rise to resistance level 960.00 Platinum recently reversed up strongly from the powerful long-term support level 900.00 (which has been reversing the price from last September), standing near the lower daily Bollinger Band. The upward reversal from support level 900.00 stopped the previous short-term impulse wave 3 […]

• CADCHF reversed from resistance level 0.7620• Likely to fall to support level 0.7535 CADCHF currency pair today reversed down from the key resistance level 0.7620, standing near the upper daily Bollinger Band and the resistance trendline of the daily up channel from February. The downward reversal from resistance level 0.7620 stopped the previous short-term […]

Bitcoin is slowly approaching the supporting zone formed between the levels 36000 and 37000, and the broken downtrend. It seems that Bitcoin might pull back from the supporting zone and jump.Gold has pulled from the level of 1880.00. It is currently heading North. Now, gold might face the resistance at the level of 1975.00 away […]

• GBPCAD reversed from support zone• Likely to rise to resistance level 164.65 GBPJPY currency pair recently reversed up strongly from the support level 159.60 (low of wave (a) from last month), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from March. The upward reversal from this […]