Forex & Financial news and FxPro analytics

– Dow Jones broke multi-month resistance level 35735.00 – Likely to rise to resistance level 37000.00 Dow Jones index under the bullish pressure after the earlier breakout of the multi-month resistance level 35735.00, which stopped the previous impulse wave (A)...

– CHFJPY reversed from resistance level 170.30 – Likely to fall to support level 167.40 CHFJPY currency pair recently reversed down from the key resistance level 170.30, which stopped the previous impulse wave (3) earlier this month. The resistance level...

The Dow Jones has taken a high of 36,000, which is only 2.5% below its historical peak of January 2022. Above that round level, the index traded above it for a few days in November 2021 and briefly in December...

Market picture The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks. The upward movement has intensified since the beginning...

The euro was down 0.5%, close to 1.09, on a continuing wave of weak data from Germany and the eurozone, reinforcing expectations of a policy reversal. Wednesday saw weak inflation reports from Germany and Spain. On Thursday, equally weak French...

– Boeing rising inside impulse wave 3 – Likely to reach resistance level 230.00 Boeing rising sharply inside the minor impulse wave 3 of the intermediate impulse wave (C) from the  start of November. The price is currently approaching the...

– GBPCAD reversed from resistance level 1.7280 – Likely to fall to support level 1.7100 GBPCAD currency pair recently reversed down from the long-term resistance level 1.7280 (strengthened by the upper daily Bollinger Band), which has been reversing the pair...

There is a new batch of weak data from China, whose economy has so far failed to respond meaningfully to government stimulus. Official PMI (Purchasing Managers’ Survey) estimates noted that the manufacturing sector remained in contraction mode in November, while...

Market picture The crypto market cap fell 0.5% in 24 hours to $1.42 trillion, showing another pullback as part of a broader uptrend that started in mid-October but has slowed in the last couple of weeks. Bitcoin underwent a sell-off...

– GBPCHF reversed from resistance level 1.1130 – Likely to fall to support level 1.1050 GBPCHF currency pair recently reversed down from the pivotal resistance level 1.1130, which stopped the previous minor correction 2 at the start of this month,...

– AUDJPY reversed from resistance level 98.40 – Likely to fall to support level 96.00 AUDJPY currency pair recently reversed down from the long-term resistance level 98.40, which stopped the sharp weekly uptrend in the middle of 2022, as can...

The Reserve Bank of New Zealand left its key rate unchanged at 5.5%, the highest in 15 years, but on hold for six months now. The decision was in line with market expectations. However, the NZDUSD rallied, adding over 1.2%...