Monday morning open levels – indicative forex prices – 16 January 2023
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online. As usual for an early Asia Monday morning, prices are liable to swing around on not too much […]
NEXUS: ABOUT HOW IT WORKS – Trading Systems – 15 January 2023
I. Introduction Nexus is a ready-to-use Expert Advisor with 25 market entry strategies. It is important to understand certain concepts for greater user peace of mind. Some of these concepts include technical analysis, fundamental analysis, risk management, and money management. In addition, Nexus also offers the possibility to customize and adapt the strategies to the […]
Advantages and Disadvantages of Simple Moving Average – Analytics & Forecasts – 14 January 2023
Most forex traders, irrespective of their trading skill levels, prefer using SMA because of its simplicity and ease of understanding. Using the indicator tool involves dividing the accumulated total of data points over a set period with the number of periods basing everything on the current currency prices. Furthermore, the indicator tool creates signals that […]
UoM Consumer Confidence Index improves to 64.6 in January vs. 60.5 expected
Consumer confidence in the US continued to rise in early January. US Dollar Index holds in daily range above 102.00 after the data. Consumer sentiment improved in the US in early January with the University of Michigan’s (UoM) Consumer Confidence Index rising to 64.6 from 59.7 in December. This reading came in better than the […]
Forex and Cryptocurrencies Forecast for January 16 – 20, 2023 – Analytics & Forecasts – 14 January 2023
EUR/USD: Low Inflation Has Dropped the Dollar ● The main event of the past week, which dealt another blow to the dollar, was the publication on Thursday, January 12, of data on consumer inflation in the US. The actual figures were fully in line with market expectations. The consumer price index (CPI) in annual terms […]
GROWTH MODELS + MONTHLY SAVINGS – Analytics & Forecasts – 14 January 2023
Next, an investment model is proposed in which with an Initial Balance of €1000, and a small monthly contribution of €100, a great growth in the final balance can be achieved. With a compound interest of 3.5% and reinvesting what is earned month after month, in a period of 10 years a final balance of […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (13 January 2023)
2023-01-13 2023-01-13 Short-term analysis for oil, gold, and EURUSD for 13.01.2023 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 reached Gold […]
Consumer Confidence rises in January buy it may not translate into a spending surge – Wells Fargo
Data released on Friday showed a significant increase in Consumer Confidence in January according to the preliminary report from the University of Michigan. Analysts at Wells Fargo point out the 64.6 reading for consumer sentiment in January marks the top print in the past year. The see that the relief on the inflation front and […]
Daily Market Outlook, January 13, 2023
Daily Market Outlook, January 13, 2023 Markets Poised To Post Weekly Back To Back Gains For The Start of 2023Asian Equities are set to close out the week with a positive tone, following a whipsaw session on Wall Street, as investors digested US inflation data, markets are coalescing around the view that peak inflation is now […]
EUR/USD: brief results and immediate prospects – Analytics & Forecasts – 13 January 2023
The dollar is totally weakening. The US inflation data published yesterday strengthened the opinion of market participants that the Fed will continue to reduce the pace of interest rate hikes, and at the meeting on January 31 – February 1, it will raise the rate by only 0.25% (after increasing by 0.50% in December and […]