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 […]
Trade Statistics of Weekly Market Dominator (5 – 10th. Jan. 2023) – Statistics – 7 February 2023
//////////////////////////////GBPJPY///////////////////////////////////////////////////////// GBPJPY SELLERS‘ ENTRY LEVELS GBPJPY BUYERS‘ ENTRY LEVELS Open Position to be held till Friday of the entry week RECOMMENDED STOP LOSS FOR EACH TRADE – 50 PIPS RECOMMENDED PROFIT TARGET FOR EACH TRADE – 200 PIPS //////////////////////////////GBPUSD///////////////////////////////////////////////////////// GBPUSD SELLERS‘ ENTRY LEVELS GBPUSD BUYERS‘ ENTRY LEVELS 1.1966 – Active trade Open Position to be held till Friday of the entry week […]
Market Update – February 7 – USD Holds on to Gains, Stocks Flat, Oil Rallies
Trading Leveraged Products is risky RBA raised rates as expected by 25bp & signaled more to come – AUD rallied, USD holds at recent 1-mth highs & Yields remain elevated too. US Stocks closed lower but Asian markets & European FUTS are higher. Google announced “Bard”, Baidu “Ernie Bot” and […]
Daily Market Outlook, February 6, 2023
Daily Market Outlook, February 6, 2023 “Asian equities are trading lower this morning as financial markets continued to digest Friday’s blow out jobs data, the stand out performer is the Nikkei as chatter regarding the next BoJ Chief hit the wires overnight, the widely viewed dovish Amamiya has reportedly been tapped for the top job, however, […]
Possible Market Implications for Chinese Balloon
The big story over the weekend, at least as far as social media was concerned, was the Chinese balloon. The US claims it contained spy equipment, China says it was a weather balloon that went off course. The incident has plenty of political fodder, and has heightened tensions between Washington and Beijing. The first policy […]
Market Spotlight: EURUSD Reversal Threat
EURUSD Reverses Sharply Last week holds the potential to mark a clear turning point for EURUSD. The weakness we saw on the back of the ECB meeting, further strengthened by the USD rally in response to Friday’s jobs data, has been accompanied by a sharp shift in retail sentiment. The retail community is now around […]
Market Update – February 6 – USD & Yields higher, Yen, Stocks & Gold sink
A blockbuster NFP on Friday (571k new jobs vs 185k) & strong Services PMI (55.2 vs 50.5) has lifted the Dollar and Yields, sinking Stocks and Gold (the 3 mth Gold rally is over). YEN is weakest this morning with key “Dove” Amamiya (current deputy) a possible to take the […]
XS.com Adds Ahmed Negm as MENA Market Research Head
XS.com, a forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de […]
Weekly Market Dominator (5 – 10th of Jan.2023)
Weekly Market Dominator (5 – 10th of Jan.2023) Source link
Opinion: Market pros are so happy about stocks right now, you have to wonder if they’re too bullish
There’s an old saw about how if you lay all the world’s economists end to end, they still won’t point in any one direction or reach a conclusion.There’s no such adage about market technicians, but in the past six weeks it appears that the diehard group of technical analysts have all reached the same eventuality, […]