Stanislav_Bernukhov_Exness

Stanislav_Bernukhov_Exness

GBPJPY displays signs of weakness after a strong rally. Technically, RSI flashes the divergence, but the possible weakness of GBPJPY is imposed by increasing yields of 10-year government bonds for Japan, whereas yields of 10-year British guilts are stagnating. This situation makes carry trade operations less attractive and can lead to a strengthening Japanese Yen...

Stanislav_Bernukhov_Exness

ETHUSDT is recovering after a long consolidation. As BTCUSDT has grown substantially after a weak inflation publication yesterday, ETH is still lagging, and the spread between Bitcoin and Ether has reached the extremely "overbought" zone, pointing to a potential of a rotation to ETH from BTC. Overall market conditions stay bullish, as inflation is declining:...

Stanislav_Bernukhov_Exness

Gold might recover within a trading range with a potential target of $2400-2500 area. The demand for "safe haven assets" has not gone anywhere. As yields of 30-year treasury bonds are moving down, and the US dollar is under pressure, Gold may get support this week. From a technical structure standpoint, XAUUSD is moving within a second day of the recovery from...

Stanislav_Bernukhov_Exness

The Japanese yen recently hit its 20-year low, prompting intervention from the BOJ. This is probably not a one-time action, and we may observe similar dynamics in the upcoming days. Yields of 10-year bonds in Japan continue to grow, while 30-year Treasury bond yields in the US are consolidating. Despite the increased "haven demand" (the US dollar), the Yen may be...

Stanislav_Bernukhov_Exness

Volatility had grown across all indices indices. The Nasdaq is still lagging after a spectacular drop in NVDA, AMD, and other related stocks. There is a possibility to observe a sharp pullback for Nasdaq, which would unlikely overwrite the historical highs, but may cover most of the recent decline: that's the usual behavior of the market in the context of rising...

Stanislav_Bernukhov_Exness

Gold is riding a robust upward trend, driven by rising tensions in the Middle East and a general uptick in inflation affecting all commodity markets, including Gold. Additionally, Gold serves as an investment asset, often diverging from other major benchmarks like stock indices and cryptocurrencies. Technically speaking, Gold is clearly in an upward trend and is...

Stanislav_Bernukhov_Exness

After trying to break $69500 - the border of a massive range-bound formation, BTCUSD had retraced to the local support of $68400 = two standard deviations from the breakout line. If it holds above this level, it might skyrocket towards new peaks, with a possible ambitious target of around $81800 - a161.8% Fibo extension of this trading range. Sentiment remains...

Stanislav_Bernukhov_Exness

Copper is setting for a breakout after a record high for the PMI index from ISM, published on Monday. That might be a game changer for commodity markets, as it might point to a production recovery and give relief against the recession narrative. Some commodity markets are already moving (such as Crude oil, Gold, or Cocoa), while others are consolidating around...

Stanislav_Bernukhov_Exness

This week witnessed another low for the British pound. What's next? GBPUSD has been hovering around the 1.2600 mark amidst a temporary surge in the US dollar's strength. Presently, the price is positioned below the confluence of the 20 and 50-day moving averages, which is a dynamic support zone. Additionally, a rebound from the 20-day Bollinger may proceed the...

Stanislav_Bernukhov_Exness

The Nasdaq index may be setting up for the breakout, ahead of the long holidays (Good Friday). Volatility remains low, as VIX keeps below 13. The overall narrative behind the stock market is disinflation, as traders are not yet convinced if the interest rate will be lowered during the meeting of the Fed in May and June. Among other publications, the most...

Stanislav_Bernukhov_Exness

Crude oil is preparing for the breakout after a short-term correction before the interest rate decision from the US. The message from Jerome Powell had temporarily boosted the US dollar, as he pointed out that inflation persists. Energy commodity prices are retracing now after a 4-month decline, and according to the latest CPI publication, there was an uptick in...

Stanislav_Bernukhov_Exness

Crypto markets are starting to rebound after a relatively soft message from Jerome Powell during the press conference yesterday. The interest rate for the US was left unchanged, which was not a surprise. In general, traders discount three interest rate declines for 2024, as inflation persists, but is expected to move down before summer season. The volatility of...

Stanislav_Bernukhov_Exness

Gold is displaying weakness after a failure of buyers to break 2172. After the publication of a strong PPI report for the United States, it's becoming clear that inflation persists and the interest rate might stay at a current level for more time than expected. Yields of 30-year treasury bonds have grown, pushing them above 4.4%, which pressures all assets...

Stanislav_Bernukhov_Exness

BTCUSD is in a strong uptrend, having driven by the strong momentum. The recent inflows in Bitcoin ETFs and rising open interest for all kinds of derivatives have triggered the FOMO rally, which involves consecutive growth with no corrections. Even keeping this in mind, Bitcoin might not be overbought just yet. According to the 1-year HODL wave indicator, the...