Author: FX
The dream start to the year or European stocks is continuing as it shakes off the recent turmoil in US markets.Stoxx 600 +0.6%German DAX +0.8%Francis CAC +1.0%UK’s FTSE 100 +0.4%Spain’s Ibex +0.3%Italy’s FTSE MIB +1.2%European stocks sagged late yesterday as the US mood turned but that negativity didn’t extend. There are some worries brewing as this was the second day of closing well below the highs but, hey, a win is a win.Stoxx 600 daily Source link
Share: The USD/JPY 1-hour chart portrays the formation of a bullish continuation chart pattern, keeping bulls hopeful of higher prices. USD/JPY Price Analysis: Long-term is still downward biased unless it breaks resistance around 133.00. The USD/JPY erases Wednesday’s gains and aims toward the lows of the 130.30-132.90 range during the North American session, eyeing a break below the 20-day Exponential Moving Average (EMA) at 130.66. At the time of writing, the USD/JPY exchanges hands at 131.11, below its opening price by 0.18%. From a daily chart perspective, the USD/JPY remains downward biased, though it has been tracking the…
EURO OUTLOOK:EUR/USD resumes its ascent on risk-on market mood after a brief pullback earlier this weekWhile positive momentum is on the euro’s side, the bullish impetus may run out of gas soonThis article explores key EUR/USD technical levels to key an eye on in the near termMost Read: British Pound Outlook – GBP/USD Pushing Higher on US Dollar Weakness Recommended by Diego Colman How to Trade EUR/USD The euro resumed its advance on Thursday and traded around 1.0785 on the back of risk-on sentiment following a slight pullback in recent days. Taking a longer-term view, EUR/USD has staged a powerful…
Share: Gold is seeing a minor setback but remains above the 55-Day Moving Average (DMA) at $1,844, which should act as the bottom of a short-term range for now, according to strategists at Credit Suisse Crucial support aligns at $1,776 “Gold has stalled in the short-term, in line with our view from last week that the market could see a lengthier pause below this level. However, the market has managed to remain above the 55-DMA, currently seen at $1,844, which should act as the bottom of a short-term range for now.” “From a more medium-term perspective, only above…
jaanalisette Twilio (NYSE:TWLO) has had a “fall from grace” over the past few years, as it reaped the benefits from the COVID-19 pandemic and subsequent decline but investment firm Monness, Crespi, Hardt is looking for the company to get back on track with its fourth-quarter results. Analyst Brian White, who has a neutral rating on Twilio (TWLO), noted that the stock fell 91% from its peak in February 2021 to its trough in November 2022, due to the aforementioned bump and fall from the pandemic, but also misplaced priorities, an acquisition spree that has been described as “excessive” and a…
The ECB and BoE both hiked rates by 50 basis points last week. The BoE seems to be inching closer to peak rates, while Lagarde left the ECB on course for another half point hike in March, and most likely additional moves thereafter. Growth is looking better than feared on both sides of the channel. But, the UK is still the under-performer among G7 countries, and long term growth potential has eroded markedly — also thanks to Brexit. The S&P Global Eurozone Manufacturing PMI was confirmed at 48.8 in the final reading for January. The headline remains in negative territory, but at…
DAX (Germany 30) AnalysisSiemens Q1 earnings report keeps the DAX on the front footDax testing top end of the rising wedge patternGerman inflation rises above the December print but rose less than expectedThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Get Your Free Equities Forecast Siemens Reports Strong Earnings – Raises Forecast for FY 23Siemens announced a positive Q1 earnings report, as revenue climbed 10% YoY and orders came in very strong despite printing below Q1 2021. In fact, the…
© Reuters. FILE PHOTO: Deputy Chairman of Russia’s Security Council Dmitry Medvedev gives an interview at the Gorki state residence outside Moscow, Russia on January 25, 2022. Picture taken January 25, 2022. Sputnik/Yulia Zyryanova/Pool via REUTERS (Reuters) – Former Russian president Dmitry Medvedev said during a visit to a tank factory in the Siberian city of Omsk on Thursday that Moscow would increase production of tanks in response to Western arms supplies to Ukraine. “As we know, our adversary (Ukraine) has been begging abroad for planes, missiles, tanks. How should we respond? It is clear that in this case, it…
Traders often look for the perfect trade entry. They would want to enter trades just as the trend or momentum is reversing. This way they would be in profit right away. Although it is not easy mastering the precision of a trade entry, it is not impossible to accomplish, and it feels good every time we get to enter the market just at the right time. Accurate trade entries have the advantage of allowing traders to tighten their stop losses as price moves in the direction of their trades early on. This allows them to minimize their risk and even…
The following Nasdaq technical analysis breaks down price action and charting techniques into:The levels of resistance and support, focusing on the weekly price chart in this caseMoving average Moving average A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial…