Author: FX

TradeCompass: Bitcoin Futures Price Prediction and Analysis for Today (January 29, 2025)At the time of this Bitcoin futures analysis, Bitcoin futures are trading at 102,400. Below is the comprehensive breakdown of today’s bullish and bearish scenarios for Bitcoin futures, following the TradeCompass guidelines.Bullish Scenario for Bitcoin Futures TodayWe will turn bullish above 102,670, positioning us above the highest VWAP level of yesterday and the value area high (VAH) of two days ago. Here are the bullish profit targets:102,855 – A quick initial profit target near yesterday’s POC and VAH.Note: The proximity of the first partial profit target to the bullish…

GBP/USD holds ground near 1.2450 ahead of Fed policy decision GBP/USD remains steady after registering losses in the previous session, trading around 1.2440 during the Asian hours on Wednesday. The pair’s downside could be attributed to the increased risk aversion due to tariff threats made by US President Donald Trump. President Trump announced plans on Monday evening to impose tariffs on imports of computer chips, pharmaceuticals, steel, aluminum, and copper. The goal is to shift production to the United States (US) and bolster domestic manufacturing. Read more… GBP/USD drops as Trump’s tariff threat boosts US Dollar The Pound Sterling extended…

After cutting its rates in December, the Fed is expected to keep its interest rates steady in January. But that doesn’t mean we won’t see increased volatility! Our Event Guide for the January FOMC Decision suggests that the Fed could hint at further rate cuts, keeping pressure on USD’s prices. Here’s why we’re looking at EUR/USD and USD/CHF’s trends if JPow and his team turn out to be more dovish than expected: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event…

Is the Fed about to announce a “hawkish cut” this time? Or is there a stronger chance of seeing interest rates stay unchanged? Here are the points you need to know if you’re planning on trading the upcoming FOMC decision. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

Australia reported weaker than expected price pressures for the last quarter of 2024, further stoking expectations that the Reserve Bank of Australia (RBA) could start easing soon. The quarterly reading came in at 0.2% versus the 0.3% consensus, although the annual headline CPI ticked higher from 2.3% to 2.5% as expected. Still, the trimmed mean CPI or the RBA’s preferred inflation measure reflected cooling price pressures at 0.5% versus the previous 0.8% quarterly gain. Key Takeaways: Electricity prices fell 9.9% in the quarter due to Energy Bill Relief Fund rebates Housing and transport costs both declined 0.7% Services inflation remained…

Volatility was the name of the game in the financial markets on Tuesday, as markets reacted to a fresh batch of tariffs plans and geopolitical tensions. Here are the latest headlines and how asset classes fared: Headlines: Protests have forced the shutdown of two crude oil export terminals in Libya U.S. Treasury Secretary Scott Bessent pushed for monthly 2.5% universal U.S. tariffs implemented gradually Australia NAB business confidence index improved from -3 to -2 in December Bank of Japan core CPI improved from 1.7% to 1.9% year-on-year in December Spain’s unemployment rate fell from 11.2% to 10.6% vs. 11.1% forecast…

The CCI Divergence and RSI Bands Forex Trading Strategy is a powerful combination of two proven technical indicators that offer traders a dynamic approach to identifying market reversals and potential price trends. In the highly volatile world of forex trading, relying on a single indicator can often lead to inconsistent results. By integrating the Commodity Channel Index (CCI) and Relative Strength Index (RSI) Bands, this strategy creates a robust system that helps traders filter out market noise, improve entry timing, and optimize exit points. The synergy between these two indicators makes this strategy particularly effective for short-term and swing traders…

Many traders struggle to make sense of market movements. Technical analysis helps predict price changes in currency pairs. This article explains key concepts and tools for beginners. Learn how to spot trading opportunities using charts and indicators. Key Takeaways Technical analysis uses charts and tools to predict forex price moves based on past data. Key concepts include support, resistance, and trends, which help spot price barriers and market direction. Common tools are moving averages (SMAs and EMAs) and oscillators (RSI, MACD, and Stochastic). These methods help traders find good entry and exit points for forex trades. Recognizing price patterns like…

Australian CPI data is due today, for December month 2024 and, more importantly, for Q4 2024. Overall, while headline inflation appears to be within the RBA’s target range, underlying measures remain slightly elevated.Some analyst comments:Westpac anticipates a quarterly CPI increase of 0.3%, bringing the annual rate to 2.5%. Their trimmed mean estimate is a 0.6% rise for the quarter, with the annual pace easing to 3.3% from the previous 3.5%. Westpac notes that energy rebates and cost-of-living assistance have contributed to headline inflation reaching the midpoint of the Reserve Bank of Australia’s (RBA) target band. Commonwealth Bank of Australia (CBA)…

Jan. 28, 2025 6:45 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News EditorSlavkoSereda/iStock via Getty ImagesCrude oil futures posted modest gains Tuesday, following U.S. benchmark stock indexes in recovering part of the previous session’s sharp losses that were propelled by the rout in tech shares, which in turn sparked a round of risk aversion that helped drag down Source link