Live Market Analysis

Get valuable insights on hot economic events and follow through market movements with our Live Market Analysis, prepared by professional analysts at NAGA.
28.06.2022
EUR/USD - The Euro Witnesses a Strong Decline
The EUR/USD had originally shown signs of continuing yesterday’s upward trend, however, the price has come under immense pressure over the last 3 hours. The price when looking at the daily performance of the pair shows a decline of 0.24% but the decline over the past 3 hours measures 0.35%.
28.06.2022
The SNP500 Loses Momentum
Last week the SNP500 saw a strong bullish trend and recorded its first positive week after a three-week consecutive decline. The price increased by 6.08% and recovered the losses seen in the previous week. However, the price this week has slightly lost momentum.
27.06.2022
USD/CAD - Canadian Inflation at a Four Decade High
The US Dollar is gaining against the Canadian Dollar but still moves within a downward trend. The USD/CAD pair is currently only 0.14% higher than Friday’s market close and is struggling to form an official “higher high”. The large swing witnessed within the day is actually against the US Dollar but markets are also waiting for the reaction after the US session opens.
27.06.2022
Cryptos - Will the Rebound Last?
In the previous week, the cryptocurrency market managed to form and complete its first bullish week after 3 months of consecutive declines. The price of bitcoin has increased by 6.10% over the past 5 days, Ethereum by 15.79%, and Dogecoin by 25.11%. Overall, the price movement has been positive though it should be noted that most of the gains were seen in a single trading day while the rest of the week saw little volatility.
24.06.2022
What is Driving Lira’s Trend?
Exotic currency pairs are thinly traded instruments and therefore more volatile when compared to other currency pairs. One of the characteristics of exotic currency pairs is that they tend to form strong trends. Whereas major and minor currency pairs tend to see trends change more frequently.
24.06.2022
Oil Reaches a 6-Week Low
Over the past 24 hours, the price of Crude Oil has reached a 6-week low and is close to completing a 3-week consecutive decline. The price has partially been influenced by technical factors but continues to be driven by certain aspects of the economy and market which we will look at.
23.06.2022
EUR/JPY - The Euro Wobbles on Poor PMI Data
The Euro sees the largest decline within a single hour this month, after the Eurozone released its latest PMI (Purchasing Managers Index) reports. The EUR/JPY has declined by 1.05% so far today and has surpassed yesterday’s price lows. When looking at the week as a whole, the price is still higher than the market open, but whether it will stay in the positive zone by the end of the week is now at risk based on the latest data.
23.06.2022
GBP/USD - Fed Says it Doesn't Want a Recession
The GBP/USD pair saw both bullish and bearish price movements over the past 24 hours, and continues to look uncertain in terms of its price direction. The price has fallen into a descending triangle pattern which could indicate that the market is limiting trades until further clarity is obtained.
22.06.2022
Crude Oil - Biden is Aiming for a Temporary Tax Removal
The latest news from the oil market is that President Biden may aim to remove gasoline tax. However, even with the president looking to protect demand, we continue to see the price of oil declining during today’s Asian and European sessions. This morning, the price of oil declined by 5.77% before finding some minor support. Currently, the price stands 4.5% lower than today’s market open.

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