Market Outlook

“Australia’s CPI rose significantly in the first quarter.” The Australian dollar managed to recover from the downside on yesterday due to the release of regional economic data which sparks fresh demand. Australia Bureau of Statistics reported that Consumer Price Index for first quarter rose 2.1%, its fastest pace in two decades. The data sparked speculation that Reserve Bank of

“Bullish prospect toward the US dollar as US economy recovers substantially.” Greenback extended its surge during Asian trading hours, on track for its best monthly gains since 2015. Market participants continues to hoard the currency, thrusting the US dollar to its highest level since pre-pandemic over the backdrop of diverging global monetary policy and economic outlook. In Europe,

"At the moment, we have not seen the withdrawal of Russian troops" NATO Secretary General Jens Stoltenberg denied that Russia had withdrawn troops from the Ukrainian border. He said the military alliance saw no sign that Moscow was reducing its troop numbers around Ukraine. NATO accuses Russia of misleading the world by saying it is pulling troops to base. In contrast, NATO reports Moscow is

AUDJPY Pair Rises Up, Test the Resistance Strength at 82.00 Level Since the beginning of the year, the AUDJPY pair has tended to be bearish, even falling 3% or around 250 pips. However, since the end of January, the pair has been showing resistance, even being able to create new higher highs and higher lows which signal the end of the bearish trend. Now the AUDJPY rate looks like it will soon

Bearish structure on all timeframes, will NZDUSD form a lower low? New Zealand's Prime Minister, Jacinda Ardern, is still in self-isolation as New Zealand recorded more than 100 new cases of COVID-19 infection. This indicates that the pandemic situation is still quite massive in New Zealand and maybe a negative sentiment for the NZD currency. On the other hand, yesterday's poor American ADP data

European Economic Growth Slows In Q4 Due to Omicron Hit The Omicron wave of COVID-19 infections slowed eurozone economic growth in the final quarter of 2021 compared to the previous three months although the impact was much stronger in Germany than in France or Italy. The European Union's statistical office estimates that gross domestic product in the 19 countries that use the euro grew 0.3%

The EURCHF monthly candle will close in a few hours, is there a possibility of a correction? 2021 is a tough time for EURCHF. This pair had plunged more than 750 pips from its highest to its lowest point since the 2nd quarter of last year. The euro is indeed being 'threatened' due to the recent heated political situation between Ukraine and Russia. Even Ukrainian civilians have been trained to

USOIL Has Shot Up More than 16% since the Start of 2022 Oil prices have been bullish for a sixth week, the longest weekly record since October. Prices have risen sharply amid geopolitical tensions between Russia and its neighbors such as Ukraine. We know that Russia is the second-largest oil producer in the world and a major supplier of natural gas to Europe. Threats to the United Arab Emirates

Ethereum (ETH) Dropped 41% in Value Since the Start of 2022 Ethereum is a technology that allows its users to send cryptocurrency to anyone. Created by Vitalik Buterin, Ethereum also powers applications that anyone can use and no one can stop. Ethereum is built on Bitcoin innovations, with some big differences. Both allow us to use digital money without the services of a payment provider or

All Eyes of Traders and Investors are on the Fed's Interest Rate Determination in the Upcoming New York Session The FOMC, which will be held in the New York session, will determine the policies taken by the American central bank, namely The Federal Reserve or the Fed. Many think that the Fed will soon increase interest rates given the inflationary pressure that hit America to 7%. Not much