Overview of FXOpen’s Best-performing PAMM Accounts of December 2022 – Analytics & Forecasts – 9 January 2023
Congratulations, traders, providers, investors, FXOpen hopes you have merrily celebrated Christmas and the New Year. For the coming year, we would like to wish you not to be afraid to take risks, to act decisively in any situation, and to be successful in trading and investments! During the New Year holidays, the market is unstable, […]
$$$$ Inside Bar Forex Trading Strategy $$$$ – Analytics & Forecasts – 7 January 2023
Inside Bar is a candlestick pattern signaling low volatility period in a market. It means that there are not many orders coming to the market and that bulls as well as bears stay calm, and waiting for further market development. It is very easy to spot the Inside Bar pattern in your charts. It is simply a candle […]
Dollar: the immediate prospects – Analytics & Forecasts – 4 January 2023
The focus of traders today is the publication (at 15:00 GMT) of the Institute for Supply Management (ISM) report with the most important indicators reflecting the state of the US manufacturing sector (it is predicted to decrease from 49.0 to 48.5 in December), as well as protocols with December Fed meeting (at 19:00 GMT). The […]
EUR/USD: NFP and recommendations as of 01/06/2023 – Analytics & Forecasts – 6 January 2023
At the time of publication of the article, EUR/USD is testing for a breakdown an important short-term support level 1.0504. Despite the fact that the index of business sentiment in the European economy, which determines the trend of the Eurozone economy as a whole, and core inflation in the Eurozone rose in December (by +0.6% […]
VIX Says the S&P 500 Is a Sitting Duck Ahead of NFPs, EURUSD Volatility Stoked by Fed Forecasts
VIX, VVIX, S&P 500, Dollar, EURUSD and NFPs Talking Points: The Market Perspective: S&P 500 Bullish Above 3,900; EURUSD Short Below 1.0600 Expected volatility has slipped to extremely low levels according to the VIX and VVIX, which makes benchmarks like the S&P 500 a ‘sitting duck’ Rate speculation around the Fed swelled this past session […]
Can the Nonfarm Payrolls Beat Forecasts for a Ninth Consecutive Month?
Nonfarm Payrolls (NFP) have surpassed forecasts in the previous eight months. The NFP rarely meets expectations and frequently defies reality. Job growth above pre-pandemic levels cannot last forever. Higher interest rates and inflation have had an impact on the housing market, and possibly the labour sector as well. Nonfarm Payrolls (NFP) have exceeded expectations for […]
USDJPY and GBPUSD: What Happened in 2022, What Will Happen in 2023 – Analytics & Forecasts – 5 January 2023
We talked a week ago about how economists from the world’s leading financial institutions see the future of EUR/USD in 2023. However, our reviews have included two more major pairs for many years, USD/JPY and GBP/USD. And it would be unfair to ignore them this time. Moreover, after the euro, the Japanese yen and the […]
How to build a Renko chart. Renko chart examples. – Analytics & Forecasts – 4 January 2023
A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, “renga”. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick […]