EUR/USD Post-ECB Rally Eyes January High with US NFP Report on Tap

EUR/USD may trade to fresh yearly highs as the exchange rate appears to be on track to test the January high (1.1483).

from DailyFX - Market News https://ift.tt/tvrS681
via IFTTT

S&P 500 Body-Slammed as Meta’s Plunge Sparks Major Tech Rout, NFP in Focus

The S&P 500 falls on Thursday ahead of the January NFP report, amid widespread weakness in the technology sector triggered by a significant drop in Meta Platforms stock prices.

from DailyFX - Market News https://ift.tt/sXJHOo7
via IFTTT

Snap and Pinterest Soar as Facebook Flags - Nasdaq Set to Rise Friday

Snap shares surged more than 50% higher in after-hours trading, an impressive move brought on by the company's first quarterly profit. Pinterest is also rising on a rosy earnings report.

from DailyFX - Market News https://ift.tt/FK5iH9c
via IFTTT

Amazon Stock Surges on Rosy Earnings Report – Stock Price Rises Over 14%

Amazon stock surged in after-hours trading after the company reported impressive fourth-quarter earnings results, sending share prices over 14% higher.

from DailyFX - Market News https://ift.tt/LoPUquX
via IFTTT

Gold Price Rebound Stalls Ahead of US Non-Farm Payrolls (NFP) Report

The recent advance in the price of gold appears to be stalling ahead of the US NFP report as the update is anticipated to show a further improvement in the labor market.

from DailyFX - Market News https://ift.tt/7QZcPkx
via IFTTT

Crude Oil Price Susceptible to Larger Pullback on RSI Sell Signal

Looming developments in the RSI may indicate a larger pullback in the price of oil if the oscillator falls back from overbought territory to offer a textbook sell signal.

from DailyFX - Market News https://ift.tt/buEf0gxYQ
via IFTTT

Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

from DailyFX - Market News https://ift.tt/c9AnkparL
via IFTTT

Value Stocks Remain Attractive but Risks Begin to Rise, Dow Jones Key Technical Levels

Value stocks remain better positioned than growth and tech shares to command strength over the coming months, but the outlook may change if the economy falters and downshifts rapidly

from DailyFX - Market News https://ift.tt/SRqtAr6lC
via IFTTT

Facebook Parent Meta Q4 Earnings Results – Stock Sinks 20% After Hours

Meta, Facebook's parent company, reported fourth-quarter earnings and weak guidance after the closing bell, sending share prices sharply lower in after-hours trading.

from DailyFX - Market News https://ift.tt/132T4uFEh
via IFTTT

New Zealand Dollar Forecast: NZD/USD Rebound Eyes Former Support Zone

The recent rebound in NZD/USD may turn out to be a correction in the broader trend if the former support zone around the December low (0.6701) acts as resistance.

from DailyFX - Market News https://ift.tt/j4idH5KSl
via IFTTT

10 Trading Mistakes to Avoid in Forex Trading

Human error in the FX market is common and can lead to common trading mistakes. See the top 10.

from DailyFX - Market News https://ift.tt/AvyYlt8Ub
via IFTTT

USD/CAD Post-Fed Rally Unravels amid Failed Test of January High

USD/CAD may continue to depreciate over the coming days as the exchange rate reverses course ahead of the January high (1.2814).

from DailyFX - Market News https://ift.tt/iUbfQsNpG
via IFTTT

British Pound Price Analysis: GBP/USD Lacks Momentum Prior to BoE

The British Pound (GBP) has edged slightly higher as investors await the BoE and other major risk events

from DailyFX - Market News https://ift.tt/XeQmYA9PM
via IFTTT

NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

from DailyFX - Market News https://ift.tt/HFwBEfMJ9
via IFTTT

British Pound Boosted by Soft US Dollar. Will GBP/USD Rally into BoE This Week?

The British Pound holds the high ground against the US Dollar in anticipation of a hawkish Bank of England on Thursday. What will a hike mean for GBP/USD?

from DailyFX - Market News https://ift.tt/Q41MvxJVh
via IFTTT

Gold Price Forecast: XAU Faces Conflicting Fundamentals as Jobs Report Nears

Gold prices ended January with a whimper after a promising break above key resistance. Bullion faces conflicting fundamental drivers, but Friday's US non-farm payrolls report may offer direction.

from DailyFX - Market News https://ift.tt/Zfh9MQ1tF
via IFTTT

The Australian Dollar went lower immediately after the RBA left the cash rate target at 0.10% and abolished weekly asset purchases. Where to for AUDUSD

The Australian Dollar went lower immediately after the RBA left the cash rate target at 0.10% and abolished weekly asset purchases. Where to for AUD/USD?

from DailyFX - Market News https://ift.tt/q5Yc7Athb
via IFTTT

Bitcoin Set to Rebound on Improved Sentiment, But Bear Flag Warrants Caution

BTC/USD fell for a third month in January, but improving market sentiment may offer a rallying point for bulls to go on the offense. Today's RBA policy decision is likely to play into broader marke...

from DailyFX - Market News https://ift.tt/ftKXQEd9O
via IFTTT

USD/JPY Rate Reverses Ahead of January High with NFP Report on Tap

USD/JPY may face a larger pullback ahead of the US Non-Farm Payrolls (NFP) report as it appears to have reversed course ahead of the January high (116.32).

from DailyFX - Market News https://ift.tt/pcFEsqfOd
via IFTTT

EUR/USD Price Outlook: Euro Attempts Recovery, GDP Meets Expectations

Euro attempting to retrace recent pullback. GDP fails to move the Euro with focus on this week’s ECB meeting

from DailyFX - Market News https://ift.tt/pqrtQTaSl
via IFTTT