A break above the 50-day EMA opens up the possibility of reaching the $85 level, but I don’t necessarily see it as the easiest path. The West Texas Intermediate crude oil market moved back...
Read More
2 Minutes
2 Minutes
AUD/USD Forecast: Continues to Trade Between Major Moving Averages
I suspect the volume is anemic at best. Be careful with all your positions because a sudden announcement can send the market into a frenzy and cause a lot of damage that you shouldn’t...
Read More
1 Minute
CHINA’S FINANCE MINISTRY: WILL ADJUST TRADE TARIFFS ON SOME GOODS FROM JANUARY 1
China will adjust import and export tariffs on some goods starting Jan. 1, China’s Ministry of Finance said in a statement Thursday, citing the Tariff Commission of the State Council. ADDITIONAL INFORMATION „China has...
Read More
0 Minutes
EUR/USD TO EXTEND ITS RALLY TO 1.0892/1.0944 – CREDIT SUISSE
EUR/USD swings on average 1.06 seconds. Credit Suisse economists expect the pair to rise to 1.0892/1.09 . CONTINUED STRENGTH IN THE FIRST QUARTER OF 2023 „We expect continued strength in the first quarter of...
Read More
1 Minute
US stocks open mixed. The Nasdaq is down. Dow up marginally.
Major US stock indexes open with mixed results. The Dow rose 11 points, or 0.03%, to 33,250.16. The SandP index rose 2.0 points or 0.05% to 3831.58 points. It only tracks the New York...
Read More
4 Minutes
The Importance of Tracking Economic Events with a Calendar. The Role of Economic Calendars in Forecasting Market Moves
A macroeconomic calendar is a tool that helps investors and traders track important events and publications related to the economy and financial markets. Such a calendar includes information on planned macroeconomic data releases, such...
Read More
3 Minutes
TRY/USD Forecast: Stability of the Lira Against the Dollar after the Interest Rate Hike
Today’s risk recommendation of TRY/USD is 0.50%. Best buy point Pending order entry of 18.50 Place stop point to close below 18.25 support level. Move stop loss to profit zone and watch profit when...
Read More
2 Minutes
Gold Technical Analysis: Gold Price is Holding onto Gains
Continued downward pressure on the US dollar is positive for gold in XAU/USD, whose gains extended resistance at $1,82 /oz. This is despite an expected rise in US interest rates and a shift in...
Read More
2 Minutes
Dow Jones Technical Analysis: The Index is Settling Lower, Almost Unchanged
The central bank will raise the key rate by half a percentage point at its meeting next week, and has raised the key rate six times since March. The , Dow Jones Industrial Average...
Read More
2 Minutes
Dow Jones Technical Analysis: The Index is Settling Lower, Almost Unchanged
The central bank will raise the key rate by half a percentage point at its meeting next week, and has raised the key rate six times since March. The , Dow Jones Industrial Average...
Read More