Forex & Financial news and FxPro analytics

– Apple reversed from key resistance level 237.00 – Likely to fall to support level 227.00 Apple recently reversed down from the key resistance level 237.00 (which stopped the previous sharp impulse wave (1) in the middle of July) standing well above.

– Aig reversed from support level 76.60 – Likely to rise to resistance level 79.65 Aig recently reversed up from the pivotal support level 76.60 (former strong resistance level which stopped the previous impulse wave (1)) at the end of August. The.

Market Picture The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring the local highs of late September, while Bitcoin continues to climb. The pause in overall growth has led to a 2-point dip in the Cryptocurrency.

– GBPCAD reversed from resistance zone – Likely to fall to support level 1.7750 GBPCAD currency pair recently reversed down from the key resistance zone between the strong resistance level 1.8085 (which stopped the previous impulse wave i) and the upper.

– USDCHF broke resistance zone – Likely to rise to resistance level 0.8730 USDCHF currency pair recently broke the resistance zone between the resistance level 0.8600 (which stopped the previous impulse wave 3) and the 61.8% Fibonacci correction of the downward.

The British pound fell below the 1.30 level against the dollar after weak inflation data across indicators. This sent the pound to a two-month low on speculation that the Bank of England will cut interest rates further in the coming.

The crypto market is attempting to form an upward trend, with the market capitalization growing and cryptocurrencies showing an increasing bullish sentiment. Bitcoin experienced fluctuations but is trading near $66.8K. Ethereum is approaching but has not yet overcome $2700. Meanwhile, news background includes increased demand for bitcoin and a record fine for TD Bank for facilitating money laundering through crypto.

– Exxon Mobil reversed from the resistance zone – Likely to fall to support level 117.55 Exxon Mobil recently reversed from the resistance zone between the pivotal resistance level 123.25 (former monthly high from April) and the upper weekly Bollinger Band. The.

– EURJPY reversed from the resistance zone – Likely to fall to support level 160.90 EURJPY currency pair recently reversed down from the resistance zone located between the key resistance level 163.00 (which has been reversing the price from the.

The crypto market reached $2.28 trillion, with Bitcoin trading above $66.5K. Chinese stimulus measures and UAE's approval of a stablecoin are driving factors.

The UK unemployment rate dropped to a record low, supporting the pound. However, there are concerns over a drop in employment and a slowdown in wage growth. Further gains for the pound will depend on a global shift in sentiment.

Swiss inflation continues to disappoint, with producer and import prices falling by 0.1% m/m in September, contrary to expectations. This weakness supports the case for further monetary easing by the Swiss central bank. USDCHF rose 0.8%, following the Dollar Index's gains since late September. Key resistance levels are at 0.8720 and 0.8810.