Author: FX
GBP/USD Prices, News, and AnalysisGBPUSD is still supported by expectations that UK rates have higher to climbStrong wage data this week underlines the viewTechnically, the uptrend from September still dominates Recommended by David Cottle Building Confidence in Trading Sterling bulls still have December’s six-month highs against the United States Dollar firmly in their sights on Thursday, but a London morning of scant domestic economic news may be hampering their will to try it again in the near term.That said the Pound remains underpinned by the thesis that interest rates still have further, and possibly much further, to rise in the…
Trend reversal and trend following strategies are very popular among many traders. This is because traders are often attracted to charts that are moving in one direction, either from the bottom left of the chart to the upper right corner of the chart, or from the upper left corner of the chart to the bottom left corner, depending on the direction of the trade. These types of chart is typical of a trending market and these types of market could mean that traders who entered the market at the start of the trend could be earning so much as long…
The metaverse has been a buzzword inside and out of the Web3 world over the last year. Moreover, development in the metaverse is something that has remained strong relative to the overall turmoil of the decentralized space. It is also a hot topic at the 2023 World Economic Forum (WEF) in Davos, Switzerland. The WEF has been developing its own initiative, “Defining and Building the Metaverse,” with the participation of over 120 participants, for which it held a press conference on Jan. 18. Continue Reading on Coin Telegraph Source link
TAL Education Non-GAAP EPS of -$0.04, revenue of $232.7M Source link
Market pictureBitcoin has lost 2% over the past 24 hours, pulling back to $20.77K, almost $1K below Wednesday’s peak. The first cryptocurrency followed stock indices, which turned sharply lower on Fed officials’ continued hawkish rhetoric simultaneously with growing signals of weakness in consumer demand and business activity.Technical analysis suggests that the latest pullback is a legitimate correction to the accumulated short-term overbought conditions after the rally since the beginning of the year. The correction can only be reclassified as a new downturn only after the BTCUSD consolidates below $19.5K, as the 200-day moving average and the 61.8% Fibonacci retracement level…
Australia’s dismal jobs data weighed on the Reserve Bank of Australia’s (RBA) rate hike expectations, smashing AUD/USD. However, economists at ING maintain a bullish bias. Too early to make strong calls about the end of the RBA hiking cycle “The Australian Dollar has come under pressure after a surprise contraction in employment in December, which endorses the recent cautious stance by the Reserve Bank of Australia. Still, we’d need to see inflation come off more convincingly before making strong calls about the end of the RBA hiking cycle.” “We continue to favour AUD/USD on the back of positive external developments…
EUR/USD ANALYSISECB in focus today – market looking for guidance.Dollar weakness has been a pillar of strength for the euro, will this continue?Long wick candles and bearish divergence could be signs of euro fatigue. Recommended by Warren Venketas GET YOUR COMPREHENSIVE EURO Q1 FORECAST! EURO FUNDAMENTAL BACKDROPThe euro has been receiving fundamental boosts from the both the U.S. and eurozone . Beginning with the EZ region, stickier inflation readings, lower energy costs and a hawkish central bank have all provided sustenance for the EUR. The European Central Bank (ECB) although late to the party in terms if their interest rate…
Weak data (Retail Sales & PPI) from the US added to recession worries – More Hawkish comments from a raft of FED speakers talking 5.25-5.5% terminal rates added to a safe haven bid for the USD, caused Stock markets to collapse (-1.24% to -1.81%) under key technical levels and speculators to back the YEN and push the BOJ once more. Bonds rallied, the US 10-yr yield dropped to 3.75%. Asia markets are lower and rangebeound & European FUTS are also mixed. NZD unmoved from surprise PM Ardern will step down in February ahead of October elections. The USD Index hit…
bluebird bio prices $120M offering at $6 per share Source link
Are U.S. equities in a sluggish mood after seeing downbeat retail sales data? This stock index appears to be retreating from the ceiling visible on the 4-hour time frame. How low can it go from here? Nasdaq 100 (NAS100) 4-hour Chart by TradingView Just when it seemed like the Nasdaq was ready to bust through the ceiling near $11,750, bears took over and spurred a selloff! Technical indicators are also hinting that more losses are in the cards. The 100 SMA is still below the 200 SMA to show that the path of least resistance is to the downside while…