Technical analysis of US Crude, XAUUSD, and EURUSD for today (1 February 2023)
2023.02.01 2023.02.01 Short-term analysis for oil, gold, and EURUSD for 01.02.2023 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. EURUSD tested support […]
Daily Forex and Stock News – Currency – 1 February 2023
FTSE 100 Remains Under PressureEquities in London dropped for a second consecutive session on Wednesday, with the blue-chip FTSE 100 closing around the 7,760 mark, as losses among healthcare and materials offset gains in real estate. All eyes are on the US Federal Reserve’s interest rate decision to be announced later today, with markets expecting […]
EUR/USD and EUR/JPY At Risk of Fresh Decline – Analytics & Forecasts – 1 February 2023
EUR/USD is facing resistance near the 1.0880 zone. EUR/JPY is also facing hurdles and remains at a risk of a downward move below 141.00. Important Takeaways for EUR/USD and EUR/JPY · The Euro started a fresh increase from the 1.0800 zone. · There is a key bearish trend line forming with resistance near 1.0895 on […]
Midweek Market Overview: 01 February 2023
Central Banks are in focus this week as investors eye the FOMC as well as ECB and BoE meetings. Dollar Midway through the week and the Dollar continues to find support above the key 101.28 level, as bears snap a three-day uptrend ahead of the much-anticipated Fed interest rate decision later today. Factors driving this […]
Market Update – February 1 – US100 Posts Best January Since 2001
Stocks and bonds corrected higher on Tuesday as the deceleration in ECI energized short covering and boosted risk appetite. Global Stock market finished solid. Earnings were mixed, but a lot of bad news has been digested, opening the door for bargain hunting. Treasury yields declined, led by the front end as […]
FX option expiries for Wednesday, 1 February 2023 at the 10am New York cut
USD/JPY 130.50 ($635.6mn) 128.00 ($616mn) EUR/USD 1.0900 (EU1.99bn) 1.0885 (EU1.22bn) 1.0800 (EU800.7mn) USD/CNY 6.8200 ($1.1bn) 6.7400 ($1bn) USD/CAD AUD/USD 0.7185 (AUD1.05bn) 0.7000 (AUD572.1mn) 0.6920 (AUD526.7mn) GBP/USD nothing remotely close to spot EUR/GBP 0.8700 (EU765.9mn) 0.8800 (EU510mn) For more information on how to use this data, you may refer to this post here. Source link
Forex and Cryptocurrency Forecast for January 30 – February 03, 2023 – Analytics & Forecasts – 28 January 2023
EUR/USD: Next week: Five Days of Storms and Tsunamis ● It seems that the whole world celebrated the Chinese New Year last week. There was some volatility in all major currency pairs of course, but we got an almost perfect sideways trend in the end. We will not deny the importance of the New Year […]
Future Outlook: Technical Trends for the Week of January 30 – February 3, 2023
While many anticipated reports will come out this week, we have several to focus on in the days ahead. Here’s a breakdown of the week ahead. E-Mini Dow Futures Weekly Chart After the fourth quarter rally off the lows in October, the Dow seems to be in consolidation mode. The Fibonacci retracement levels from that […]
MUFG – bullish EUR, expecting +50bp ECB February rate hike, and most likely in March too
I posted earlier from MUFG: More from analysts at the bank, European Central Bank preview: We expect the ECB to deliver another 50bps hike at next week’s policy meeting and continue to signal that at least one more larger 50bps hike is likely at the March policy meeting. We only expect a slowdown in the […]
Westpac is forecasting a +50bp RBNZ rate hike in February
<p>WPAC forecasting a 50bp Reserve Bank of New Zealand rate hike at the February meeting (22nd)</p><p>(not RBA, WPAC tip +25bpfor RBA on February 7)</p><p>Follows the <a href="https://www.forexlive.com/terms/i/inflation/" class="terms__main-term" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa" target="_blank">inflation</a> data from NZ earlier today:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/news/new-zealand-q4-inflation-14-qq-expected-13-72-yy-expected-71-20230124/" rel="follow" target="_self" class="article-link">New Zealand Q4 inflation 1.4% q/q (expected 1.3%) 7.2% y/y (expected 7.1%)</a></p><p class="article-slot__title title […]