Market Notes


The dollar declined to a more than a one-week low after data showed a drop in U.S. private sector employment in January due to the increase in COVID-19 infections. The EURUSD pair moved back up above 1.1307 main level. As long as the pair trades above 1.1307, on a four-hourly basis, w...

03 Feb 22 (Thu)

01:47 pm

ADP reported on Wednesday that U.S. private payrolls dropped by 301,000 jobs last month. Data for December was revised lower to show 776,000 jobs added instead of the initially reported 807,000. The Gold Price is now trading above the 1805 major support level. As long as the price stay...

03 Feb 22 (Thu)

04:42 am

The USDCAD pair moved down below the 1.2772 key resistance level. If the pair stays below 1.2772 on a four-hourly basis, the main support level can be seen at 1.2536. On the other hand, If the price goes beyond 1.2772., we will see the next resistance level at 1.2864. Support : 1.2536 - 1....

03 Feb 22 (Thu)

04:39 am

Sterling rose against the dollar ahead of a Bank of England policy meeting. Investors have fully priced in an expected increase in the BoE base rate by 25 basis points to 0.5% on Thursday As long as the GBPUSD pair stays above 1.3517, on a daily basis, we will follow 1.3599 and 1.3688...

03 Feb 22 (Thu)

04:37 am

In the euro zone, markets are expecting the ECB to turn hawkish after an annualized inflation number of 5.1% in January, up more than twice the ECB's 2% target. The euro depends depend on what ECB President Christine Lagarde says on Thursday. Some analysts believe the bank will stick to its guida...

03 Feb 22 (Thu)

04:32 am

Gold futures heads slightly higher Wednesday, attempting to notch a third straight gain, amid weakness in the dollar and a retreat in yields. As long as the GOLD price stays below 1805, on a four-hourly basis, we will see the daily support level at 1785. On the upside, if the price mov...

02 Feb 22 (Wed)

02:10 pm

The U.S. dollar edged lower Wednesday as gains in global equity markets boosted risk sentiment while Federal Reserve officials reined in interest rate hike expectations. As long as the USDCHF pair stays above 0.9186 on a four-hourly basis, we will see a resistance level at 0.9322. On t...

02 Feb 22 (Wed)

01:52 pm

The euro rose for a third consecutive day on Wednesday, coming off a 20-month low last week, as euro zone inflation rose to a new record last month fuelling bets the European Central Bank could raise interest rates sooner than expected. The EURUSD pair is now trading above 1.1307 main...

02 Feb 22 (Wed)

01:39 pm

A chorus of Fed officials said on Monday they would raise interest rates in March, but spoke cautiously about what might follow and indicated a desire to keep options open given an uncertain inflation outlook. As long as the GOLD price stays below 1805, on a four-hourly basis, we will...

02 Feb 22 (Wed)

04:22 am

Pay attention to the 129.33 main support level in the EURJPY pair. As long as the price stays above 129.33 on a daily basis, we will follow the key resistance level at 130.23. On the downside, if the pair drops below 129.33, the next major support level will be at 128.39 Support : 129.33 -...

02 Feb 22 (Wed)

04:16 am

We will closely watch the 1.3517 key level in the GBPUSD pair. As long as the pair stays below 1.3517, on a daily basis, we will follow 1.3392 as a support level. Otherwise, if the price rises above 1.3517, the next resistance level will be at 1.3599. Support : 1.3392 - 1.3313 - 1.3231...

02 Feb 22 (Wed)

04:09 am

The US dollar showed a downward movement on weaker-than-expected U.S. economic data and after Federal Reserve officials pushed back against aggressive rate hikes this year, lifting risk appetite. As long as the EURUSD pair stays above 1.1237, on a four-hourly basis, we will see 1.1307...

02 Feb 22 (Wed)

03:52 am

The USDCHF pair is trading above the 0.9186 main support level. As long as the pair stays above 0.9186 on a four-hourly basis, we will see a resistance level at 0.9322. On the other hand, If the pair drops below 0.9186, the next support level will be at 0.9064. Support : 0.9186 - 0.9130 -...

01 Feb 22 (Tue)

02:59 pm

The European Central Bank meets on Thursday. While no policy change is expected, analysts said the Fed looming rate hikes will narrow the ECB window for action. As long as the EURUSD pair stays above 1.1237, on a four-hourly basis, we will see 1.1307 as the resistance level. On the dow...

01 Feb 22 (Tue)

02:52 pm

The U.S. dollar nursed its wounds on Tuesday following its biggest drop in nearly three weeks against major peers, as Federal Reserve policymakers allayed investor fears of a very rapid tightening of monetary policy. We are closely watching the 1805 main resistance level in the GOLD pr...

01 Feb 22 (Tue)

06:05 am

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