Market Update – February 9 – FedSpeak supports USD, but the Bard bombs
FEDSpeak – in virtual union about higher rates (along with Dimon “too early to declare victory vs. inflation”) – Fed Funds terminal rate now 5.122%. USDindex holds at 1-mth highs in flat FX markets, US10yr yield 3.653. Google’s AI the “Bard” bombed (got a wrong answer in a promo demo) – #Alphabet shares tanked -9% […]
Trade ideas thread – European session 9 February 2023
A dent to risk sentiment or is this the start of a potential reversal? Things are certainly heating up ahead of next week’s US CPI data release. For today, we might get a bit of a teaser on the market’s appetite or angst with German inflation on the data docket. Meanwhile, the yen is also […]
RELATIVE STRENGTH INDEX INDICATOR – Analytics & Forecasts – 9 February 2023
RSI INDICATOR EXPLAINED – WHAT IS THE RSI INDICATOR? The “Relative Strength Index”, or “RSI”, indicator is a popular member of the “Oscillator” family of technical indicators. J. Welles Wilder created the RSI in order to measure the relative changes that occur between higher and lower closing prices. Traders use the index to determine overbought […]
EUR/USD Reverses Gains While USD/JPY Aims Higher – Analytics & Forecasts – 8 February 2023
EUR/USD is correcting lower and trading below 1.0800. USD/JPY is rising and might aim more upsides if it stays above the 130.20 support. Important Takeaways for EUR/USD and USD/JPY · The Euro started a downside correction from the 1.1035 resistance zone. · There is a key bearish trend line forming with resistance near 1.0750 on […]
Midweek Market Overview 07 February 2023
The Dollar rolls into midweek flexing its muscles against its peers on the back of upbeat US Jobs data. Dollar Midway through the week and the Dollar finds itself nearing a one-month high. Factors driving this renewed buying interest can be attributed to firmer US employment data, as well as president Biden and Treasury secretary […]
Daily Market Outlook, February 8, 2023
Daily Market Outlook, February 8, 2023Powell’s Talking Both Sides Of The Street, Investors Climb The Wall of WorryMixed response from Asian equities to Fed Chair Powell’s speech, as Wall Street whipsawed in reaction to what many investors saw as two sided comments regarding the rate path going forward with markets pricing a higher terminal rate, […]
USER GUIDE – CAP MACD Trader EA – Other – 8 February 2023
USER GUIDE CAP MACD Trader EA MT5 is a flexible and powerful metatrader expert advisor that trades using the MACD indicator and implements many useful features. It using the metatrader basic MACD Indicator. It offers many customizable MACD trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and […]
Market Update – February 8 – Markets Mixed Following Powell
Trading Leveraged Products is risky Chair Powell’s comments – cancelled each other out – talked more “disinflation” with “significant declines in inflation.” in 2023 but the surprise 517k NFP he could not explain – adding to the 5-5.25% range argument. Fed Fund futures are now pricing the terminal rate at 5.15% in July. (up from […]
Daily Market Outlook, February 7, 2023
Daily Market Outlook, February 7, 2023Powell’s Speech The Highlight of The Day, First Post Payrolls Remarks“Asian equities traded with mixed tone overnight following on from a very quiet session on Wall Street, as investors were reluctant to extend risk ahead of a speech by Fed Chair Powell, who addresses the Economic Club of Washington later […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (8 February 2023)
2023.02.08 2023.02.08 Short-term analysis for oil, gold, and EURUSD for 08.02.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. XAUUSD buyers try […]