Market Analysis

Market Analysis

IC Markets Europe Fundamental Forecast | 21 March 2023

IC Markets Europe Fundamental Forecast | 21 March 2023 What happened […]

By IC Markets

Technical Analysis

Tuesday 21st March 2023: Technical Outlook and Review

The XAU/USD chart shows a bearish overall momentum, but price could potentially rise towards the 1st resistance in the short term before reversing off it and dropping towards the 1st support. The 1st support level is at 1957.28, which is a pullback support level with a 23.60% Fibonacci retracement.

By IC Markets

Market Analysis

IC Markets Asia Fundamental Forecast | 21 March 2023

IC Markets Asia Fundamental Forecast | 21 March 2023 What happened […]

By IC Markets

Recent

Monday 20th March 2023: UBS-Credit Suisse deal fails to lift Asian markets amid contagion fears

Asian markets fell on Monday despite a weekend rescue deal for Credit Suisse and a coordinated effort by central banks to ease liquidity strains in the global banking system. Investors remained wary of the potential fallout from the collapse of Silicon Valley Bank, which has triggered a confidence crisis in the financial sector.

By IC Markets

Technical Analysis

Monday 20th March 2023: Technical Outlook and Review

Gold prices have been under bearish pressure for quite some time now, and the overall momentum of the XAU/USD chart remains bearish. There are several factors contributing to this bearishness, such as the downtrend being reinforced by a major descending trend line.

By IC Markets

Market Analysis