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Wti oil futures hit yearly lows; bias negative
WTI oil futures entered the red zone following the rejection near the 20-day simple moving average (SMA), stretching their 2022 downtrend to a new yea...
December 8, 2022, 9:39 am
Wti oil: trading near new 2022 low, pressured by demand concerns
WTI oil price is consolidating above new 2022 low ($71.74) hit on Wednesday, following sharp four-day fall. Growing concerns that economic slowdown wo...
December 8, 2022, 9:00 am
Eur/usd: a complex bullish correction is close to its end
In the long term, the EURUSD currency is expected to form a bearish cycle impulse, which consists of fi...
December 8, 2022, 8:58 am
Complex bullish correction is close to its end.
In the long term, the EURUSD currency is expected to form a bearish cycle impulse, which consists of fi...
December 8, 2022, 7:59 am
Usd/cad forecast: seems poised to appreciate further amid dovish boc, bearish oil prices
USD/CAD inches back closer to a one-month high and draws support from a combination of factors. A dovish shift by the BoC on Wednesday and ...
December 8, 2022, 7:29 am
Aud/usd daily report
Daily Pivots: (S1) 0.6682; (P) 0.6712; (R1) 0.6755; More… AUD/USD remains bounded in range below 0.6850 and intraday bias stays neutral first. Consi...
December 8, 2022, 6:49 am
Eur/usd daily outlook
Daily Pivots: (S1) 1.0449; (P) 1.0500; (R1) 1.0556; More… Range trading continues in EUR/USD and intraday bias remains neutral. Considering ...
December 8, 2022, 6:39 am
Sco: the window of opportunity has probably elapsed
SCO, as its very name implies, enables traders to profit from the bearishness of the oil market. It has provided better performance than DRIP, another...
December 8, 2022, 6:27 am
Bitcoin price at risk of fresh decline, here’s why
Key Highlights Bitcoin price is struggling to clear the $17,400 resistance zone. It traded below a key bullish trend line with support at $16,950 on t...
December 8, 2022, 4:51 am
Aussie trade balance weighs on aud/usd despite higher surplus
AUD/USD is sliding following the data, down some 0.2% and making a low of 0.6709 so far for the session. Technically, the price is ...
December 8, 2022, 1:14 am
How to trade the hanging man candlestick pattern
Every trader has a list of interesting bearish candlestick chart patterns that help them spot a potenti...
December 7, 2022, 7:07 pm
Eur/usd mid-day outlook
Daily Pivots: (S1) 1.0440; (P) 1.0486; (R1) 1.0514; More… Intraday bias in EUR/USD remains on neutral and outlook is unchanged. Considering ...
December 7, 2022, 2:17 pm
Daily market commentary: the uncertainty brought by the latest batch of eu sanctions on russia is impacting market sentiment this week
European Shares Shares opened on a mixed tone in Europe on Wednesday, following a bearish Asian trading...
December 7, 2022, 10:40 am
Bank stocks tumble as ceos warn of looming recession in 2023
Imminent recession next year leads major banks to take necessary steps to maintain profitability. The development leads to ...
December 7, 2022, 9:47 am
Gbp/usd pair is now consolidating near 1.2130
The British Pound started a downside correction from the 1.2350 zone against the US Dollar. The GBP/USD pair declined below 1.2300 to move into a shor...
December 7, 2022, 8:32 am
Aud/usd struggles for support
The Australian dollar softened after the RBA lifted its cash rate by 25bp as expected. On the daily chart, the pair has been grinding up along the 20-...
December 7, 2022, 8:24 am
Equities, oil fall, brent below $80pb for the first time since january
Equities extend the downside recovery, following the failure to clear an important year-to-date resistance last week, which was the S&P500’s year-to...
December 7, 2022, 7:10 am
Nzd/usd price analysis: stays defensive above 0.6300, pokes monthly support line
NZD/USD treads waters around 0.6320-30 as bears flirt with the short-term key support line during early Wednesday. Even so, the Kiwi pair’s failure ...
December 7, 2022, 6:59 am
Eur/usd daily outlook
Daily Pivots: (S1) 1.0440; (P) 1.0486; (R1) 1.0514; More… Intraday bias in EUR/USD remains neutral for the moment. Considering ...
December 7, 2022, 6:56 am
Aud/usd daily report
Daily Pivots: (S1) 0.6665; (P) 0.6704; (R1) 0.6728; More… Intraday bias in AUD/USD remains neutral for the moment. Considering ...
December 7, 2022, 6:16 am