eurusd

Germany released stronger-than-expected gross domestic product data. The GDP increased 0.2 percent on quarter in the first three months of 2022, recovering from a 0.3 percent contraction in the previous period. The GDP expanded by 4% on year in the first quarter, compared to a 1.8% expansion in...

Global equities and commodities started the new week slightly higher on Monday as investors took a breather following the previous week's sell-off. During the last week, the as global equities plunged on concerns that high inflation and monetary policy tightening will fuel an economic slowdown...

Hi everyone. This observation is made around 08:00 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed. Stocks recovered some ground on Friday, though still headed for a negative week as...

The Euro bounced against the US dollar on Thursday boosted by hawkish comments from the European central bank. The ECB minutes showed that a majority of the governing council members expressed concerns over rising inflation. A rate hike in July is no longer uncertain, the only uncertainty is...

Global equities and precious metals extended the losses last week following the release of US inflation data on Wednesday. However, the markets slightly recovered from the previous week's sell-off while the overall momentum remains bearish as investors remained cautious about the rising...

The EURUSD fell again during the trading session on Thursday after forming an inverted hammer on Wednesday, the currency pair plunged to a 5-year low of 1.0425. The strong bearish sentiment is driven by the dollar strength and concerns about the economic fallout from the Ukraine crisis. In the...

Global equities and precious metals ended last week on a downbeat note driven by mixed earnings results, rising inflation and tightening measures by the Fed. Last week, the Federal Reserve raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years. This...

Global markets are extremely volatile on Friday trading ahead of the US jobs report, which is set to be released at 12:30 GMT. Leading indicators point to a weak number, especially after a poor ADP employment report and weak ISM PMI data were released this week. The ADP employment report came in...

Global markets including equities, commodities and precious metals started the new on a bearish note ahead of the Federal Reserve's monetary policy announcement on Wednesday. The Federal Reserve is widely expected to raise rates by a half-point at its meeting. On the other hand, the other key...

Hi everyone. This observation is made around 08:00 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed. Global stocks received a boost from strong corporate earnings, but remain on course for a...

Globally, the markets were cautious last week driven by hawkish comments from ECB and FED policymakers. Moving ahead to the last week of this month the investors and traders have become increasingly concerned about several ongoing issues including rising inflation pressures and China’s worsening...

France, Eurozone, and the UK reported better-than-expected manufacturing PMI data on Friday. Meanwhile, Germany's Manufacturing PMI fell to 54.1 in April from 56.9 in March, below forecasts of 54.1. Moving ahead to the North American session, the US will release the latest manufacturing PMI...

Hi everyone. This observation is made around 07:50 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed. Stocks tumbled on Friday, as traders ramped up interest rate hike bets following hawkish...

Social network company Snap (NYSE: SNAP) is set to report financial results for the first quarter, after the market close today. The company is expected to post quarterly earnings of $0.17 per share and revenues are expected to be $1.04 billion. During the fourth quarter, Snap's total revenue...

The electric vehicle leader, Tesla Inc (NASDAQ: TSLA) is scheduled to announce first-quarter financial results on Wednesday, Apr 20 after market close. Consensus forecast EPS of $2.26 on revenue of $17.8 Billion. For the first quarter of 2022, Tesla delivered 310,048 units – 68 per cent more...

Global stocks ended the last week lower after a bigger-than-expected rise in U.S. consumer prices fanned fears about an increase in inflationary pressure. Consumer prices in the US surged by 8.5 percent in March, the fastest pace since 1981. This week, traders will now turn their attention to...

Hi everyone. This observation is made around 08:15 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed. Stocks fell in Asia on Friday as only few markets open amid Easter holidays. Investors...

Today the attention in the markets remains focused on possible measures and changes that the European Central Bank may undertake in the April meeting to deal with rising inflation. The ECB Monetary Policy Statement is set to be released at 11:45 GMT. Along with this release will see the ECB...

Global stocks and US stock indexes fell last week after minutes from the Fed's March meeting pointed to aggressive rate hikes. The minutes showed that the U.S. central bank is prepared to raise rates sharply and reduce its balance sheet to cool the economy. Moving ahead, this week the key...

Hi everyone. This observation is made around 07:40 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed. Shares were mixed on Friday on bargain-hunting, with most stocks were headed for a weekly...