Author: FX

Technical analysis of Bitcoin evaluates the crypto king by assessing previous prices and volume,. Technical analysts don’t analyze a security’s inherent worth, but instead utilize charts and other tools to uncover trends.Technical analysis also uses patterns to predict future price changes. These patterns may be bullish, bearish, or neutral, indicating a price increase, decrease, or consolidation. Head-and-shoulders pattern, triangles, flags and pennants are typical chart patterns.Many times, in technical analysis we’ve also got ‘key levels’, or key price levels: Important price level is a chart point where the price has found support or resistance and/or it is expected, in a…

Previewing this week’s upcoming events from the US, TD Securities analysts said that they expect the minutes of the FOMC’s December policy meeting shed additional light on the Fed’s policy outlook for 2023. Job creation likely gained momentum in December “Note that the Committee signalled expectations of a substantially higher terminal rate for 2023 despite implementing a downshift in the pace of rate increases to 50bp at the December meeting. We are of the view that the terminal rate will reach a range of 5.25-5.50% by the May FOMC meeting.” “Job creation likely gained momentum in December, with payrolls strengthening…

Most of the major markets are still out on banking holidays but that doesn’t mean we shouldn’t start hunting for trading opportunities! Today we’re looking at EUR/AUD ahead of China’s Caixin manufacturing PMI and a bunch of inflation reports from the Eurozone. Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check them out before you place your first trades today! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Japan, China, Switzerland, and the U.K. out on bank holidays…

Forex Trading Course Walkthrough Talking Points:This is the sixth of a ten-part series in which we walk through articles from DailyFX Education. The aim of this series is simplicity while addressing some of the more important aspects of the FX market along with traders’ strategies and approaches. If you would like to access the full suite of educational articles offered by DailyFX Education, you can get started with the beginner section at this link: DailyFX Forex for Beginners Over the last two lessons we’ve had a considerable focus on fundamental analysis, first by looking at some of the key players…

With markets in Europe and North America closed today and only a few Asian markets open  there was little direction on very limited volume. Weak PMI and Housing data from China on Saturday and a poor global outlook from the IMF yesterday start the New Year in the same down-beat way 2022 concluded. The Yen is the biggest gainer today. China’s official Services PMI cratered -5.1 points to 41.6 in December after falling -2.0 ticks to 48.7 in November. This is a sixth consecutive monthly decline, a third straight month in contraction, and the lowest level since February 2020. It…

Warning: BY is at high risk of cutting its dividend Source link

Here is what you need to know on Monday, January 2: Major currency pairs remain stuck near Friday’s closing levels on Monday amid thin trading conditions. Bond and stock markets will be closed in Europe and in the US in observance of the New Year holiday. S&P Global will release the final revisions to the December Manufacturing PMIs for Germany and the Eurozone.  Early Saturday, the data from China showed that business activity continued to contract at an accelerating pace in December. The NBS Manufacturing PMI dropped to 47 in December from 48 in November and the Non-Manufacturing PMI slumped…

Fret not. I will still update the expiries board through the week but here’s just a quick glance at what is on the board for the week ahead, as of today. Just scanning through, there doesn’t seem to be any that is too noteworthy but we’ll see how the week develops. Markets will be slow to get back into the groove but there is US non-farm payrolls to be wary about later on Friday.For more information on how to use this data, you may refer to this post here.ADVERTISEMENT – CONTINUE READING BELOW Source link

Who’s ready to take long-term setups? If you are, then you won’t want to miss EUR/JPY, EUR/CAD, and Nasdaq’s charts! Check out their daily time frame setups and see if you can make your first profits this week: EUR/JPY Daily Forex Chart Missed EUR/JPY’s ascending channel support bounce at the end of December? You’ll have your chance to jump on a months-long uptrend this week as the pair returns to the daily chart’s 200 SMA. As you can see, the dynamic support line is also just above the channel support on the chart. EUR/JPY buyers can start scaling in at…

Former FTX CEO Sam Bankman-Fried (SBF), currently free on a $250 million bail bond, will reportedly plead not guilty to the alleged FTX and Alameda-related financial frauds in court on Jan. 3. SBF was arrested in the Bahamas at the request of the United States government under suspicion of defrauding investors and misappropriation of funds held on the FTX crypto exchange. Following a court hearing on Dec. 22, SBF was released on bail and is slated to appear in court on Jan.3 before U.S. District Judge Lewis Kaplan in Manhattan. Continue Reading on Coin Telegraph Source link