Five things you need to know before the market opens on Wednesday, October 26: 1. — Stocks Futures Mixed As Big Tech Earnings Spook Markets U.S. equity futures traded mixed Wednesday, while the dollar extended Read more…
Bitcoin rises notably today, following intensified selloff in Dollar in general. The break of 55 day EMA is a positive development for the near term. For now further rise expected as long as 19678 resistance Read more…
AUD/USD is sharply higher for a second straight day. In the European session, the Australian dollar is trading at 0.6484, up 1.412. After losing over 1% on Monday, the Aussie has roared back with gains Read more…
The British Pound started a fresh increase from the 1.1220 support zone against the US Dollar. The GBP/USD pair gained pace for a move above the 1.1350 resistance zone. The pair even settled above the Read more…
USD/CAD falls ahead of the BoC rate decision The BoC is expected to raise interest rates by 75 basis points, marking the fifth straight outsized hike from the central bank. This would take the benchmark Read more…
NZDUSD is testing the 200-period simple moving average (SMA) in the four-hour chart for the first time since August at 0.5764. The pair has been gently trending up following the drop to 0.5510, the lowest Read more…
USDJPY is losing some momentum after the rally towards the fresh 32-year high of 151.93 in the very near-term. However, the market is still rebounding on the 20-day simple moving average (SMA), confirming the long-term Read more…
Tomorrow the ECB meets for its latest policy assessment. The consensus among economists is that there will be a hike of 75bps, and the market appears to be pricing it in. Therefore, the reaction in Read more…
On the 1H timeframe for the USDCHF pair, we see the final part of the proposed large double zigzag consisting of cycle sub-waves w-x-y. This pattern looks fully completed, that is, the price decline in Read more…
The FTSE 100 bounces as traders bet on a slowdown in the hiking cycle. The index has clawed back losses from previous sessions but the bias remains down. The price action is testing the supply Read more…