Time and again, investors brushed off news that could’ve derailed stocks in years past. A contested presidential election, an assault on the Capitol, historically high inflation, supply chain disruptions, naysayers who forecasted a correction that never appeared — none of these events stopped stocks from notching all-time highs. Not even…

This observation is made around 06:40 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Shares slipped and the dollar held firm on Friday as investors assess risks associated with the renewed concerns about COVID-19 and ahead of key U.S. inflation data that could set direction on Federal Reserve rates.
Traders waiting ahead of U.S. CPI data due at 1330 GMT. A higher-than-expected reading would strengthen the case for a policy tightening decision at the U.S. central bank’s meeting.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]

  • The euro…

Oil market recorded its third consecutive weekly losses, albeit with lower percentage compared with the last two weeks. The market was grappled with a stronger U.S. dollar along with concern over increasing U.S. inflation, and after OPEC cut its 2021 oil demand forecast due to high prices.

Expectations of higher…

This observation is made around 05:30 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Stocks climbed on Friday, following a report that China Evergrande Group was preparing to pay interest payment due on bond, though concerns over inflation has raised speculation that central banks will increase interest rates, potentially crimping growth.

The dollar headed for its weekly decline versus most major peers, as traders turned their attention to when the Fed will start raising interest rates. Improved market sentiment, commodity prices and bond yields, are also weighing on the safe-haven dollar.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]

  • The euro…

This observation is made around 06:00 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Equities started the October on the back foot, tumbled on Friday, as risk sentiment soured amid mounting fears about slowing economic growth, elevated inflation, supply-chain bottlenecks, a global energy crunch and regulatory risks emanating from China.

The dollar headed for its weekly gains against its major peers, picking up speed, fueled by a hawkish tilt from the Federal Reserve, rising Treasury yields and concerns over the possibility of a drawn-out battle to raise the U.S. debt ceiling.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]

  • The euro…

Zulbahri Muhammad

Chief Analyst at Golden Brokers. https://goldenbrokers.my/en/blog

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