legacyFXofficial

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On Wednesday, the Russian rouble slumped, diving around 3% to hit a near two-year low past 81 to the dollar as Ukraine declared a state of emergency, with sanctions and invasion fears hammering Russian bonds and stocks. Ukraine told its citizens in Russia to come home. At the same time, Moscow began evacuating its Kyiv embassy in the latest ominous sign for...

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Russian President Vladimir Putin yesterday recognized breakaway Ukrainian republics Donetsk and Luhansk as an independent. The US and Europe are set to announce sanctions shortly against the two separatist-run regions in Ukraine and will also target Russian interest in their regions. Russia is the main EU supplier of crude oil, natural gas, and solid fossil fuels....

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Canada will deliver its MoM new housing price index for January, which currently doesn’t have any forecast available. We know that the index has been somewhat of a decline since May of last year, when the April figure peaked at +1.9%. Last month’s reading was at +0.2%, but the actual number shows up below it, or even in negative territory, CAD might take a slight...

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On Thursday Roku inc. reported worse than expected quarterly revenue, which led to new bearish momentum. The company reported fourth-quarter revenue of $865.3 million, compared with estimates of $894 million. The next support level for Roku is located at 100. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high...

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Palantir will report earnings for the fourth quarter today. The company is expected to post EPS of $0.04 and Revenues to be $418.1 million. Despite the provided guidance of 30% annual growth for the next 5 years, many analysts are skeptical for the near-term company`s future. Prevalence of software, the company’s relationship with the U.S. government, and the...

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Volkswagen is testing a major resistance level. Bullish scenario: breakout of the resistance will generate new buys and end of the downtrend. Bearish scenario: if the breakout is not successful, the downtrend will continue into the channel with a retest of the support level located at 160 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of...

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Texas-based Bumble is a women-first online dating app that allows women to make the first move. It has millions of users across the world. The company recently announced the acquisition of Fruitz, one of the fastest-growing dating apps in Europe. In a short term, we have a descending price channel on a 4h time frame and ascending RSI forming a classic bullish...

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The earnings report was released last Thursday by Affirm Holdings. The company`s revenue rose more than 70 % year over year to $361 million beating estimates by $28 million, but its net loss widened to $0.57 per share, which missed expectations by $0.20. New sales were triggered and retest of $ 47 support level. Successful breakout will send the price back into...

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The technical figure Falling Wedge can be found in the Italian company FinecoBank S.p.A. (FBK.mi) at daily chart. FinecoBank S.p.A., known as FinecoBank or just Fineco is an Italian bank that specializes in online brokerage. Launched in 1999 with its Fineco Online service for retail traders, Fineco became a listed company in 2014 and has been independent from...

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The technical figure Triangle can be found in the Spanish company International Consolidated Airlines Group S.A. (IAG.mc) at daily chart. International Consolidated Airlines Group S.A., trading as International Airlines Group and usually shortened to IAG, is an Anglo-Spanish multinational airline holding company. It was formed in January 2011 after a merger...

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The yen pair jumped the most in over a week the previous day as Treasury yields rallied across the board. However, mixed comments from US Federal Reserve (Fed) officials and anxiety over inflation, not to forget trade/political fears, seem to challenge the USD/JPY bulls of late. Bond yields struggle to keep recent rally as inflation-linked anxiety escalates, Fed’s...

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GBP/AUD bears are back in play regardless of hawkish BoE. As expected, the Bank of England (BoE) raised the Bank Rate by 25bp to 0.50% and announced the beginning of "passive QT" (ceasing reinvestments of maturing bonds) last week. However, the big surprise was that four out of nine policymakers voted for a 50bp rate hike. In this pair, technical analysis shows a...

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The technical figure Triangle can be found in the Italian company Italgas S.p.A. (IG.mi) at daily chart. Italgas S.p.A. is an Italian company specialised in the distribution of natural gas. It is listed on the Milan Stock Exchange and included in the FTSE MIB index. The Triangle has broken through the support line on 04/02/2022, if the price holds below this level...

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WTI rallied yesterday alongside the depreciation of the USD against EUR. But it appears that it is slowing down. The price of WTI appreciated by nearly 4 points, starting at 85.848 USD and reaching 89.72 USD. The 9 day MA is still above 20 day MA, and the Upper and Lower Bands of the Bollinger Bands are wide open. But still, it is observable that the rally is...

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Technical indicators suggest that the bullish rally of NASDAQ continues. The price is a clear uptrend, it is above both 9 day and 20 day moving average, and 9 day is above 20 day. Upper and Lower Bands of Bollinger bands are expanding, which suggests increasing volatility. The price tried 3 times to brake the resistance at $13 870 dollars with no success, if the...

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BRENT Crude Oil opened with a bullish gap yesterday after the weekend, but it managed to cover it during the trading day and to revert back in long direction, although not managing to reach the levels of yesterday's open. The Upper and the Lower Band of the Bollinger Bands are moving closer together, which is an indicator that the BRENT had lost some of it's...

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The technical figure Descending Triangle can be found in the German company SAP SE (SAP.de) at daily chart. SAP SE is a German multinational software corporation, that develops enterprise software to manage business operations and customer relations. The company is especially known for its ERP software. SAP is the largest non-American software company by revenue,...

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The technical figure Triangle can be found in the Italian company Azimut Holding (AZM.mi) at daily chart. Azimut Holding is an Italian asset management company, based in Milan, Italy, with branches in Australia, Brazil, Chile, China, Egypt, Ireland, Luxembourg, Mexico, Monaco, Singapore, Switzerland, Taiwan, Turkey, United Arab Emirates and the United States....