#MarketNew
WHAT THE FUTURE HOLDS FOR THE FED
Yesterday, the Fed (as expected) raised the rate by 0.5%. Here is what became known from the words of its head Jerome Powell:
→ Signs of a slowdown in inflation do not yet inspire confidence that the battle is won.
→ The Fed will raise interest rates next year, despite the fact that the economy is sliding into a possible recession.
→ Rates will remain high, possibly for 2 years.
→ The Fed forecasts an increase in the unemployment rate to 4.6% from the current 3.7%.
The Fed fears that the current high inflation (3 times the norm) may take root, so tight monetary policy has more supporters than opponents.
What does this all mean for equity investors? Anticipation of a recession and fear of a decline in the value of US stocks. To a greater extent, this applies to technology stocks. As the chart shows, the Nasdaq index has declined since the beginning of autumn, while the S&P 500 and Dow Jones have risen at least slightly.
Note that European stocks show more positive dynamics. Today, by the way, the ECB will announce their decision on interest rates which are also expected to rise. Fluctuations in European financial markets are expected.
To take advantage of fluctuations in the value of stocks and currencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
WHAT THE FUTURE HOLDS FOR THE FED
Yesterday, the Fed (as expected) raised the rate by 0.5%. Here is what became known from the words of its head Jerome Powell:
→ Signs of a slowdown in inflation do not yet inspire confidence that the battle is won.
→ The Fed will raise interest rates next year, despite the fact that the economy is sliding into a possible recession.
→ Rates will remain high, possibly for 2 years.
→ The Fed forecasts an increase in the unemployment rate to 4.6% from the current 3.7%.
The Fed fears that the current high inflation (3 times the norm) may take root, so tight monetary policy has more supporters than opponents.
What does this all mean for equity investors? Anticipation of a recession and fear of a decline in the value of US stocks. To a greater extent, this applies to technology stocks. As the chart shows, the Nasdaq index has declined since the beginning of autumn, while the S&P 500 and Dow Jones have risen at least slightly.
Note that European stocks show more positive dynamics. Today, by the way, the ECB will announce their decision on interest rates which are also expected to rise. Fluctuations in European financial markets are expected.
To take advantage of fluctuations in the value of stocks and currencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
#MarketNew #Banks #EURUSD
ATTACK BY CENTRAL BANKS
This week, the central banks of the leading Western economies agreed (1) to attack inflation by raising base interest rates. Officials have signaled that tight monetary policy will continue in 2023.
Experts (like Vivek Paul of the BlackRock Investment Institute) point out that central bank forecasts point to a recession, but more rate hikes are likely.
What does this mean for a trader? Yesterday, the dollar index showed signs of strength. Accordingly, a bearish candlestick formed on the EURUSD chart. Remarkably, it can become an important element of the pattern (2), indicating the possibility of a bearish reversal. So it is possible that in the last weeks of the year, the trend, which began in early November, may be corrected.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
ATTACK BY CENTRAL BANKS
This week, the central banks of the leading Western economies agreed (1) to attack inflation by raising base interest rates. Officials have signaled that tight monetary policy will continue in 2023.
Experts (like Vivek Paul of the BlackRock Investment Institute) point out that central bank forecasts point to a recession, but more rate hikes are likely.
What does this mean for a trader? Yesterday, the dollar index showed signs of strength. Accordingly, a bearish candlestick formed on the EURUSD chart. Remarkably, it can become an important element of the pattern (2), indicating the possibility of a bearish reversal. So it is possible that in the last weeks of the year, the trend, which began in early November, may be corrected.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
#MarketNews #Cryptocurrency #NFT
TRUMP RELEASES NFT COLLECTION
Donald Trump has released a collection of unique NFTs, where each card is related to the life of the ex-US president.
The cards are sold at a fixed price of $99 and are meant to be collected, not for investment. Although they can then be sold on the secondary market by paying a license fee.
Undeniably, Trump is an outstanding businessman who understands the long-term prospects of the market. This gives hope to those who are dejected by the fall in the price of bitcoin (and other cryptocurrencies) in 2022.
After the surge in volatility associated with the decisions of the central banks, investors have a new cause for concern. The point is candlesticks (1, 2) with a long upper shadow on the daily chart, indicating seller activity near the $18,000 level.
So far, the price is finding support at 17400 (previously it was resistance). But if the dollar index recovers, then the support may be broken. And then the opinion that the crypto winter has reached the bottom will become more dubious.
To take advantage of the rise and fall of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
TRUMP RELEASES NFT COLLECTION
Donald Trump has released a collection of unique NFTs, where each card is related to the life of the ex-US president.
The cards are sold at a fixed price of $99 and are meant to be collected, not for investment. Although they can then be sold on the secondary market by paying a license fee.
Undeniably, Trump is an outstanding businessman who understands the long-term prospects of the market. This gives hope to those who are dejected by the fall in the price of bitcoin (and other cryptocurrencies) in 2022.
After the surge in volatility associated with the decisions of the central banks, investors have a new cause for concern. The point is candlesticks (1, 2) with a long upper shadow on the daily chart, indicating seller activity near the $18,000 level.
So far, the price is finding support at 17400 (previously it was resistance). But if the dollar index recovers, then the support may be broken. And then the opinion that the crypto winter has reached the bottom will become more dubious.
To take advantage of the rise and fall of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
Watch FXOpen's December 12 - 16 Weekly Market Wrap Video
On FXOpen Market News, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports. You can also find text versions of the news reports at our Internet resources.
https://youtu.be/1gIOxMiH64A
On FXOpen Market News, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports. You can also find text versions of the news reports at our Internet resources.
https://youtu.be/1gIOxMiH64A
YouTube
FXOpen Weekly Market Wrap With Gary Thomson : GOLD PRICE, EUR/USD, UK INFLATION, FUTURE FOR THE FED
Watch FXOpen's December 12 - 16 Weekly Market Wrap Video
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
00:17 - Sudden gold price hike attracts speculative attention
01:44 - What…
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
00:17 - Sudden gold price hike attracts speculative attention
01:44 - What…
FXOpen official pinned «Watch FXOpen's December 12 - 16 Weekly Market Wrap Video On FXOpen Market News, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports. You can also find text versions of the news reports at our Internet resources.…»
#MarketNews
WILL THERE BE A SANTA RALLY THIS YEAR?
A Santa Claus rally is a seasonal effect due to the fact that on the eve of Christmas and in the first days of January, stocks usually show an increase. On average, since 1950, the S&P 500 has risen 1.3% during this period and has been positive 79% of the time. Among the possible reasons for the trend are the investment of New Year's bonuses, the vacation season for professional traders, tax optimization and other hypotheses — however, there is no exact answer (and it is unlikely that there can be one).
As Christmas approaches, the question becomes more and more relevant: is it worth buying shares in order to sell them in early January?
The following arguments can be raised against such a decision:
→ Statistically, a Santa rally is usually stronger if November is negative. But in November 2022, the bulls made progress.
→ Anticipation of a recession (if it hasn't already started).
→ The trend is not very potentially profitable. It's just that the term "Santa rally" is used heavily in the media, which needs beautiful stories in the headlines.
→ From a technical perspective, the 2-day chart looks bearish. After the volatility associated with the activity of central banks last week, candlesticks (1) appeared on the chart, indicating the strength of sellers. They indicate a possible downward reversal from the downtrend line (2).
Therefore, the idea of buying stocks in anticipation of a Santa rally looks like an overly risky prospect.
To take advantage of the rise and fall of the stock market, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
WILL THERE BE A SANTA RALLY THIS YEAR?
A Santa Claus rally is a seasonal effect due to the fact that on the eve of Christmas and in the first days of January, stocks usually show an increase. On average, since 1950, the S&P 500 has risen 1.3% during this period and has been positive 79% of the time. Among the possible reasons for the trend are the investment of New Year's bonuses, the vacation season for professional traders, tax optimization and other hypotheses — however, there is no exact answer (and it is unlikely that there can be one).
As Christmas approaches, the question becomes more and more relevant: is it worth buying shares in order to sell them in early January?
The following arguments can be raised against such a decision:
→ Statistically, a Santa rally is usually stronger if November is negative. But in November 2022, the bulls made progress.
→ Anticipation of a recession (if it hasn't already started).
→ The trend is not very potentially profitable. It's just that the term "Santa rally" is used heavily in the media, which needs beautiful stories in the headlines.
→ From a technical perspective, the 2-day chart looks bearish. After the volatility associated with the activity of central banks last week, candlesticks (1) appeared on the chart, indicating the strength of sellers. They indicate a possible downward reversal from the downtrend line (2).
Therefore, the idea of buying stocks in anticipation of a Santa rally looks like an overly risky prospect.
To take advantage of the rise and fall of the stock market, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Trading schedule for the 2022-2023 Winter Holiday period
Dear Traders,
Please be aware of the trading schedule changes for the Christmas and New Year holiday period
https://fxopen.com/en/news/trading-schedule-for-the-2022-2023-winter-holiday-period/
Dear Traders,
Please be aware of the trading schedule changes for the Christmas and New Year holiday period
https://fxopen.com/en/news/trading-schedule-for-the-2022-2023-winter-holiday-period/
😱1
FXOpen official pinned «Trading schedule for the 2022-2023 Winter Holiday period Dear Traders, Please be aware of the trading schedule changes for the Christmas and New Year holiday period https://fxopen.com/en/news/trading-schedule-for-the-2022-2023-winter-holiday-period/»
#MarketNews #Cryptocurrency
NIGERIA WANTS TO LEGALIZE CRYPTOCURRENCIES
A local news outlet reported Nigerian chairman of the House Committee on Capital Markets, Babangida Ibrahim, as saying Nigeria could pass a bill that would allow the recognition of cryptocurrencies and other digital assets as capital.
Despite the fact that cryptocurrency is officially banned in Nigeria for the time being, Nigerians google bitcoin more often than residents of other countries. This is probably why the authorities decide to become more loyal to cryptocurrencies.
“We need an efficient and dynamic capital market in Nigeria. To do this, we must be aware of world practices,” said Ibrahim.
Although news about the adoption of bitcoin constantly comes from different parts of the world, the price of the main cryptocurrency in 2022 does not inspire positivity.
We have repeatedly pointed to the former support level of 18300. On November 10 and December 14, it confirmed that it is now working as resistance. If the crypto winter (and the global recession) spreads, it is possible that the current support level of 15600 will be broken, and then it could become a new key resistance.
To take advantage of the rise and fall of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
NIGERIA WANTS TO LEGALIZE CRYPTOCURRENCIES
A local news outlet reported Nigerian chairman of the House Committee on Capital Markets, Babangida Ibrahim, as saying Nigeria could pass a bill that would allow the recognition of cryptocurrencies and other digital assets as capital.
Despite the fact that cryptocurrency is officially banned in Nigeria for the time being, Nigerians google bitcoin more often than residents of other countries. This is probably why the authorities decide to become more loyal to cryptocurrencies.
“We need an efficient and dynamic capital market in Nigeria. To do this, we must be aware of world practices,” said Ibrahim.
Although news about the adoption of bitcoin constantly comes from different parts of the world, the price of the main cryptocurrency in 2022 does not inspire positivity.
We have repeatedly pointed to the former support level of 18300. On November 10 and December 14, it confirmed that it is now working as resistance. If the crypto winter (and the global recession) spreads, it is possible that the current support level of 15600 will be broken, and then it could become a new key resistance.
To take advantage of the rise and fall of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
👍1
#MarketNews
USDJPY AT 4-MONTH LOW
Today it became known that the Bank of Japan has made adjustments to its policy on the government bond market.
Bank of Japan Governor Haruhiko Kuroda said the move is a fine-tuning of the current ultra-loose monetary policy, not a stimulus cut.
"Overseas market volatility has heightened from around spring ... [T]his has caused some distortions in the shape of the yield curve. We, therefore, decided that now was the appropriate timing to correct such distortions and enhance market functions."
In response to the decisions of the Bank of Japan, the yen rose sharply. The USDJPY fell to mid-August levels, breaking through the December support.
Note that the USDJPY chart shows an important trend curve (1) that has been in effect for most of the year. And she, too, has already been pierced by the bears. From a technical point of view, there is reason to believe that this line may now act as resistance.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
USDJPY AT 4-MONTH LOW
Today it became known that the Bank of Japan has made adjustments to its policy on the government bond market.
Bank of Japan Governor Haruhiko Kuroda said the move is a fine-tuning of the current ultra-loose monetary policy, not a stimulus cut.
"Overseas market volatility has heightened from around spring ... [T]his has caused some distortions in the shape of the yield curve. We, therefore, decided that now was the appropriate timing to correct such distortions and enhance market functions."
In response to the decisions of the Bank of Japan, the yen rose sharply. The USDJPY fell to mid-August levels, breaking through the December support.
Note that the USDJPY chart shows an important trend curve (1) that has been in effect for most of the year. And she, too, has already been pierced by the bears. From a technical point of view, there is reason to believe that this line may now act as resistance.
To take advantage of trends in the currency markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
👍1🔥1
#MarketNews
TSLA NIGHTMARE CONTINUES, GOOD NEWS FOR NFLX
In a poll conducted by Elon Musk, the majority voted for no longer the richest man in the world to step down as CEO of Twitter. To which Musk reacted: he will resign as soon as he finds someone “foolish enough to take the job”.
Meanwhile, analysts at Evercore lowered their target price for TSLA stock from $300 to $200. This spurred the fall of TSLA shares - they dived another 8% down, below $138. TSLA stock posted its worst month, quarter and year ever. Investors are unhappy that Elon has switched to Twitter and is not involved in Tesla.
But for NFLX (which suffered an even worse fall this spring), good news came out: according to Reuters, Microsoft may try to acquire the company in 2023. So far, shares have not reacted to the news, but if the deal is confirmed by officials and moves forward successfully, it could support NFLX shares in the coming months.
By the way, looking at the chart, you can see that the NFLX stopped the fall in the spring near the lower line (1) of the parallel channel. And now a similar pattern (but less obvious) is forming near the corresponding line (2) on the TSLA stock chart. So there is an argument that the stock will at least slow down the fall. This will also certainly be facilitated by the “fool”, if Musk finds one to replace him.
To take advantage of falling and rising share prices of popular companies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
TSLA NIGHTMARE CONTINUES, GOOD NEWS FOR NFLX
In a poll conducted by Elon Musk, the majority voted for no longer the richest man in the world to step down as CEO of Twitter. To which Musk reacted: he will resign as soon as he finds someone “foolish enough to take the job”.
Meanwhile, analysts at Evercore lowered their target price for TSLA stock from $300 to $200. This spurred the fall of TSLA shares - they dived another 8% down, below $138. TSLA stock posted its worst month, quarter and year ever. Investors are unhappy that Elon has switched to Twitter and is not involved in Tesla.
But for NFLX (which suffered an even worse fall this spring), good news came out: according to Reuters, Microsoft may try to acquire the company in 2023. So far, shares have not reacted to the news, but if the deal is confirmed by officials and moves forward successfully, it could support NFLX shares in the coming months.
By the way, looking at the chart, you can see that the NFLX stopped the fall in the spring near the lower line (1) of the parallel channel. And now a similar pattern (but less obvious) is forming near the corresponding line (2) on the TSLA stock chart. So there is an argument that the stock will at least slow down the fall. This will also certainly be facilitated by the “fool”, if Musk finds one to replace him.
To take advantage of falling and rising share prices of popular companies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
👍2
#MarketNews #Cryptocurrency
WHAT WILL 2023 BE LIKE FOR CRYPTO? VITALIK BUTERIN'S OPINION
In 2022, Ethereum lost more than two-thirds of its value. However, Ethereum co-founder Vitalik Buterin is optimistic about 2023.
He believes this will be a year of great opportunities for:
→ development of wallets for storing digital assets;
→ developing stablecoins that can resist high inflation;
→ developing projects that can become an alternative to centralized giants such as Facebook, Google and others that track user data.
The introduction of the Proof-of-Stake algorithm into the Ethereum network allowed the price of ETHUSD to slightly smooth out the negative effect from 2022. However, the current trend remains bearish.
So far, the price of ETH has support from the level of 1100, which originates from the "density" formed in the second half of June - when the current low of the year was reached. If Buterin’s positive is justified, and 2023 becomes a successful year for crypto, then it is possible that the bulls will be able to start a long-term rally from this level.
To take advantage of the rise and fall in the value of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
WHAT WILL 2023 BE LIKE FOR CRYPTO? VITALIK BUTERIN'S OPINION
In 2022, Ethereum lost more than two-thirds of its value. However, Ethereum co-founder Vitalik Buterin is optimistic about 2023.
He believes this will be a year of great opportunities for:
→ development of wallets for storing digital assets;
→ developing stablecoins that can resist high inflation;
→ developing projects that can become an alternative to centralized giants such as Facebook, Google and others that track user data.
The introduction of the Proof-of-Stake algorithm into the Ethereum network allowed the price of ETHUSD to slightly smooth out the negative effect from 2022. However, the current trend remains bearish.
So far, the price of ETH has support from the level of 1100, which originates from the "density" formed in the second half of June - when the current low of the year was reached. If Buterin’s positive is justified, and 2023 becomes a successful year for crypto, then it is possible that the bulls will be able to start a long-term rally from this level.
To take advantage of the rise and fall in the value of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Cryptocurrency CFDs are not available to Retail clients in the UK.
👍2
#MarketNews
THE NATURAL GAS MARKET: A TEST OF IMPORTANT SUPPORT
Mid-December was marked by a sharp drop in the price of gas futures on the NYMEX exchange: on December 16, trading opened at $6.888 per contract, and on December 20 it closed at $5.326. Minus more than 20% in just three working days!
The sharp decline is primarily due to favorable weather forecasts in the US, the prices of these contracts are slightly affected by news related to gas supplies from Russia to Europe and Asia.
Note that having decreased, the price reached an important trend line (1), which has been supporting the market for 2 years already. The price has already bounced off this line twice recently. Note that the bounces are weakening (2) as the second high is lower than the first. This can be interpreted as the depletion of the forces of demand.
If weather forecasts remain favorable, this could lead to a bearish breakout of this line.
To take advantage of trends in the oil and gas markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
THE NATURAL GAS MARKET: A TEST OF IMPORTANT SUPPORT
Mid-December was marked by a sharp drop in the price of gas futures on the NYMEX exchange: on December 16, trading opened at $6.888 per contract, and on December 20 it closed at $5.326. Minus more than 20% in just three working days!
The sharp decline is primarily due to favorable weather forecasts in the US, the prices of these contracts are slightly affected by news related to gas supplies from Russia to Europe and Asia.
Note that having decreased, the price reached an important trend line (1), which has been supporting the market for 2 years already. The price has already bounced off this line twice recently. Note that the bounces are weakening (2) as the second high is lower than the first. This can be interpreted as the depletion of the forces of demand.
If weather forecasts remain favorable, this could lead to a bearish breakout of this line.
To take advantage of trends in the oil and gas markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
🔥1
3 Best Forex Trading Strategies
Whether you are a professional or a beginner trader, you should be equipped with strategies. They involve accurate points on where to enter and exit a trade — only by following specific rules can you stay afloat in Forex trading. Below you will find three effective trading approaches.
https://fxopen.com/blog/en/3-best-forex-trading-strategies/
Whether you are a professional or a beginner trader, you should be equipped with strategies. They involve accurate points on where to enter and exit a trade — only by following specific rules can you stay afloat in Forex trading. Below you will find three effective trading approaches.
https://fxopen.com/blog/en/3-best-forex-trading-strategies/
Market Pulse
3 Best Forex Trading Strategies | FXOpen Trading Blog
The key to success in Forex trading is a working trading strategy. Read about some of the most successful Forex trading strategies from FXOpen.
#MarketNews
’TIS THE SEASON
Forex market participants seem to be leaving for the holiday period. In the euro futures market (CME exchange), trading volumes in the last 5 trading sessions are below average levels. The intensity of trading in dollar index futures is also decreasing. After a shocking Tuesday, the yen went into consolidation.
But the stock market is still active. Yesterday, data on the level of consumer confidence in the US was published. The figure rose to its highest level since April as inflation eased and gasoline prices fell. This helped the stock market rise from the lows of the month.
But on some stock charts, especially technology stocks, the situation looks extremely pessimistic. AMZN shares hit a new low of a year, dropping to price levels that were in effect in the spring of 2020 during the panic caused by the spread of the coronavirus.
It looks like investors in Amazon will have their holidays spoiled. After 2 successful years, which brought more than 55 billion dollars in profit, the company is incurring losses.
Amazon shares have fallen nearly 50% this year, what's next? Looking at the chart, it seems that the price is moving down from a wide bearish candlestick (1) within a descending channel (shown in red). It is possible that during a time of low volatility in the holiday markets, the “coronavirus low” will be broken.
Although in the long term (according to TipRanks), Wall Street analysts believe in recovery. The average forecast of 37 of them is that a share of AMZN will be worth $140 in a year.
To take advantage of trends in the stock markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
’TIS THE SEASON
Forex market participants seem to be leaving for the holiday period. In the euro futures market (CME exchange), trading volumes in the last 5 trading sessions are below average levels. The intensity of trading in dollar index futures is also decreasing. After a shocking Tuesday, the yen went into consolidation.
But the stock market is still active. Yesterday, data on the level of consumer confidence in the US was published. The figure rose to its highest level since April as inflation eased and gasoline prices fell. This helped the stock market rise from the lows of the month.
But on some stock charts, especially technology stocks, the situation looks extremely pessimistic. AMZN shares hit a new low of a year, dropping to price levels that were in effect in the spring of 2020 during the panic caused by the spread of the coronavirus.
It looks like investors in Amazon will have their holidays spoiled. After 2 successful years, which brought more than 55 billion dollars in profit, the company is incurring losses.
Amazon shares have fallen nearly 50% this year, what's next? Looking at the chart, it seems that the price is moving down from a wide bearish candlestick (1) within a descending channel (shown in red). It is possible that during a time of low volatility in the holiday markets, the “coronavirus low” will be broken.
Although in the long term (according to TipRanks), Wall Street analysts believe in recovery. The average forecast of 37 of them is that a share of AMZN will be worth $140 in a year.
To take advantage of trends in the stock markets, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
#MarketNews #Gold
2 FACTORS THAT COULD HELP GOLD GROW IN 2023
In 2022, the price of gold futures almost repeated the all-time high (set in 2020), but then fell to the support line (1), from which it rebounded to current levels.
What will happen to gold in 2023? Here are 2 factors that will support the price:
First, the decline in physical production (according to Crescat). And if the supply falls, then the price tends to increase accordingly.
Second, the recession. Deutsche Bank predicts a deeper fall in US GDP in 2023 than market consensus. And there is a strong positive correlation between falling GDP and the SP-500.
With a favorable set of circumstances, the price may reach the upper limit of the long-term channel — and this means another attempt to surpass the historical maximum.
To take advantage of the rise and fall in the prices of gold and silver, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
2 FACTORS THAT COULD HELP GOLD GROW IN 2023
In 2022, the price of gold futures almost repeated the all-time high (set in 2020), but then fell to the support line (1), from which it rebounded to current levels.
What will happen to gold in 2023? Here are 2 factors that will support the price:
First, the decline in physical production (according to Crescat). And if the supply falls, then the price tends to increase accordingly.
Second, the recession. Deutsche Bank predicts a deeper fall in US GDP in 2023 than market consensus. And there is a strong positive correlation between falling GDP and the SP-500.
With a favorable set of circumstances, the price may reach the upper limit of the long-term channel — and this means another attempt to surpass the historical maximum.
To take advantage of the rise and fall in the prices of gold and silver, consider enlisting the services of a reliable broker like FXOpen.
⚠️
CFDs are complex instruments and come with a high risk of losing your money.
This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
The turbulent trading year of 2022 is soon coming to an end, therefore FXOpen UK COO Gary Thomson has taken the chance to reflect on the major market events of the year. Watch now!
https://youtu.be/XbUc9v23EJ8
https://youtu.be/XbUc9v23EJ8
FXOpen Announces Zero Commission on Index CFDs
FXOpen continues to make enhancements to its ECN liquidity. We know how Zero Commission is important to traders, that’s why we have launched zero commission trading for Index CFDs. Enjoy no commission fees on ECN accounts when you trade on MT4, MT5, or TickTrader platform. Trading indices now becomes as affordable as possible for all our clients.
https://fxopen.com/en/news/fxopen-announces-zero-commission-on-index-cfds/
FXOpen continues to make enhancements to its ECN liquidity. We know how Zero Commission is important to traders, that’s why we have launched zero commission trading for Index CFDs. Enjoy no commission fees on ECN accounts when you trade on MT4, MT5, or TickTrader platform. Trading indices now becomes as affordable as possible for all our clients.
https://fxopen.com/en/news/fxopen-announces-zero-commission-on-index-cfds/