Market analysis from easyMarkets
Market volatility exploded with the full on Russia invasion of Ukraine, with Oil jumping to $100 and Gold up $40 before the rallies reversed. Oil fell back to $92 and Gold down $80 an ounce and US stocks surged off lows. Now if the low is in and V shape recovery begins then looking to buy dips for short squeeze makes sense on all the risk assets. But with...
The Reserve Bank of New Zealand helped the NZD/USD to fresh month highs back above 0.6750 as they raise interest rates to 1.0% from 0.75%. Importantly they also had a hawkish statement which has helped underpin the squeeze and with Covid and Ukraine War fears subsiding an improving risk appetite will also help push the NZD back to 0.6890 and potentially 0.7000 in...
The path for diplomatic peace between Russia and Ukraine took a big step forward with Putin and Biden now to hold talks as long as Russia does not invade. The high of the gold spike on war fears was just under $1910 now and so if trying to fast is the natural place to put stop. If some tentative peace is found then a return to $1850 is on the cards.
ETH/USD now back under $3000 has followed Bitcoin on its move back toward $40k. Risk appetite in stocks hurt but buying dips at support has be considered. Video by easyMarkets Chief Crypto Dealer Griffin Treloar. easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with...
Gold has been surging as war between Russia and Ukraine edged closer on Friday. We have tested $1900 overnight and then today we have news that US sectary of state Blinken will meet with Russia foriegn minister Lavroz need week. Such moves reduces the chances of a war over weekend and is prompting a short squeeze in stocks and Gold immediately moved back to...
We playing a headline driven game on the edge of war, but we have a fairly well defined $90-$95 range that should let us know the outcome one way or another in the next couple of days. A special summit with US Europe and Russia would be the sort of news to start the downside. Actually Russia troops in Ukraine likely the start of the move to $100 if that comes...
Bitcoin is signalling a potential floor at USD 32K. An inverse head and shoulders pattern is forming, and the right shoulder is attempting to break above neckline resistance at USD 46K If BTC/USD can manage to flip this neckline resistance into support with a bullish break and re-test, then further reversal continuation is likely. Should this occur, then the...
Join easyMarkets Chief Crypto Dealer Griffin Treloar as he reviews charts and technical setups
Oil is up at $95 as Geopolitical tension hit boiling point with nations removing diplomats and US saying a Russian invasion of Ukraine could happen at any time. Its a little late to chase this rally as it wont be a huge surprise if they evade now. Oil is pricing in $5-10 risk premium and Gold about $20-30 now. So peace talks we will see profit taking and to some...
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
With the global stock correction coming to an end, we are looking for opportunities in the rebound. India50 also known as nifty50 has held the 200DMA a few times now and in the last week we have he 3 higher lows. Attention shifts back to the topside now and previous highs are targeted on break of 17900. easyMarkets Account on TradingView allows you to combine...
Join professional crypto trader Griff as he looks at the cryptocurrency markets after a very surprising (to some, Griff's previous forecast played out well) and volatile week. Follow easyMarkets on TradingView for daily and up to date analyses! Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this...
Join easyMarkets Chief Crypto Dealer Griffin Treloar as he reviews charts and technical setups
Algorand is displaying the early signs of a bullish reversal, flipping the daily 20 EMA (exponential moving average) into support around 1.05 USD, is the confluence needed to reinforce this trading idea. Many big cap altcoins are beginning to chase liquidity, and you could not have asked for a more clean technical set-up here. If the D1 20 EMA becomes support,...
Topside targets are Y83 on break of Y82.30. Buying dips into Y81.80. AUD/USD is enjoying a nice rally as stocks reverse and data from Australia recently remained strong leading RBA to end QE. The RBA still doesn't want to open the door to a 2022 rate hike but local big banks are nearly all looking for August or September. Oil and commodities continued to rally...
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.
Join easyMarkets Chief Crypto Dealer Griffin Treloar as he reviews charts and technical setups
The London opening is one of the most popular sessions, because between other big global market openings. Data is available from the recently closed Asian session and it precedes the U.S. market open and overlaps with the U.S. session.