Monday, 2 January 2023

DailyFX Forex Trading Course Walkthrough: Part Five

In our last installment, we looked at the 'who,' and this time we shift our focus to the 'what.' What are the biggest news events for the FX market?

from DailyFX - Market News https://ift.tt/Q32SnHR
via IFTTT

Sunday, 1 January 2023

DailyFX Forex Trading Course Walkthrough: Part Four

Fundamental analysis is key for projections, but since the global financial collapse, there's been a dominant force that traders need to account for, and that's the Central Bank.

from DailyFX - Market News https://ift.tt/GFnH36k
via IFTTT

DailyFX Forex Trading Course Walkthrough: Part Three

Analysis is key for traders' decision making processes, but this is a wide field with numerous topics. In this article, we aim to simplify while helping you to get started.

from DailyFX - Market News https://ift.tt/c9JKCbw
via IFTTT

DailyFX Forex Trading Course Walkthrough: Part Two

What fundamental factor is a primary driver of FX prices? In this second installment in our 10-part series, we shift the focus to an important aspect of market dynamics.

from DailyFX - Market News https://ift.tt/HjP8Au7
via IFTTT

Friday, 30 December 2022

Where Can the S&P 500, Volume and Volatility Go In the First Week and Month of 2023?

We are heading into 2023 with a flimsy sense of stability attempting to offset this past year largely defined by its bearish course. The debate around whether the S&P 500 – and by proxy, markets in general – will re-enter its dive or recovery is a healthy one, but seasonal norms will facilitate their own expectations.

from DailyFX - Market News https://ift.tt/3ys7EIb
via IFTTT

Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

from DailyFX - Market News https://ift.tt/G6NgeY3
via IFTTT

GBP Forecast: Pound Pressure Despite UK Housing Prices Beat

GBP/USD extends its sideways price movement but could breakout with next week’s U.S. economic data.

from DailyFX - Market News https://ift.tt/uqpKN2e
via IFTTT

EUR/USD Outlook: Surrenders Gains as 1.0700 Resistance Holds Firm

EUR/USD enjoyed its best day of gains in 2 weeks. Will we close 2022 above the 1.0700 handle or are we in for more messy price action for the rest of the day?

from DailyFX - Market News https://ift.tt/lo1rVe0
via IFTTT

Commodity Market Focus Shifts from Supply to Demand

Inflation, Ukraine and China’s Covid Response will be the three key commodity market themes in the coming year.

from DailyFX - Market News https://ift.tt/nR0yNQA
via IFTTT

Thursday, 29 December 2022

Hoping For an Early Fed Pivot Does Not Mean We Will Get One

The US Federal Reserve may be more cautious about raising interest rates, but inflation could well force it to carry on doing so for longer than the markets’ cheap-money addicts would like.

from DailyFX - Market News https://ift.tt/5yMOciu
via IFTTT

Top Monthly Charts Heading Into 2023: VIX, Stocks, China and More

It’s that rare time of the year where looking to monthly charts doesn’t generate glowers of disdain from short-term traders and those that don’t rely principally on technical analysis. These are some of the top charts I’m looking at on the higher time frame, speaking to macro themes that will likely carry into 2023 and beyond.

from DailyFX - Market News https://ift.tt/IJCVDG0
via IFTTT

Top Three Themes for Equities into 2023

It’s been a blistering year for equities with solid price action trends on both sides of the equation, but inflation remains a problem going into 2023.

from DailyFX - Market News https://ift.tt/kJ2L6IM
via IFTTT

WTI Oil Remains Under Pressure Below $80 a Barrel Mark

WTI Extended its decline today as concerns grow around a rise in Covid cases following China’s relaxation of Covid Zero policies. Can EIA data out later today prop up WTI prices?

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

USD/JPY Edging Lower as BoJ Announced Unplanned Bond Purchase Operation

USD/JPY likely to remain rangebound for the rest of the week with a light calendar and thin liquidity restricting any significant moves.

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

AUD/USD Forecast: Dwindling Chinese Optimism Hurts Aussie

AUD/USD trades with caution as Chinese influences push markets into a watchful mode.

from DailyFX - Market News https://ift.tt/Lj6XiMe
via IFTTT

Wednesday, 28 December 2022

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is holding support at 103.82 as the door opens to 2023 trade, with major questions hanging around EUR/USD, GBP/USD and USD/JPY.

from DailyFX - Market News https://ift.tt/4PTcXHi
via IFTTT

GBP Forecast: British Pound Consolidates In Thin Liquidity

GBP/USD is seeking a catalyst to breakout of the emerging rectangle pattern.

from DailyFX - Market News https://ift.tt/VMTo5Ll
via IFTTT

EUR/USD Outlook: Doji Candlestick Highlights Messy Price Action

EUR/USD moves higher in European trade following hawkish ECB comments. Without a catalyst a sustained break above 1.07 remains unlikely.

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

Inflation, China Covid Response and Ukraine Top 2023 Risk Charts

2022 offered an awful array of geopolitical and economic problems, none of which are going to get better just because the calendar flips.

from DailyFX - Market News https://ift.tt/xd20pqo
via IFTTT

Tuesday, 27 December 2022

Tesla Market Cap Plunges 72% Since 2021 Peak, Nasdaq 100 Sinks on Fed Woes

Tesla’s market capitalization plunged 72% since last year’s peak, which means it no longer towers over competition like it used to. Meanwhile, the Nasdaq 100 sank with Fed woes.

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

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...