2020-08-18 • Updated
AUD/JPY: The AUD/JPY pair is now trading outside of the Kumo. The next resistance is seen at the Kijun Sen. Further bullish momentum will lead the pair into higher ground.
XAU/USD: The commodity is now testing the key level at 50% of the Fibonacci retracement levels. A successful attempt to move higher will most likely signal stronger bullish implications, targeting the forthcoming level at 61.8%.
The United States stock futures were steady today, with S&P500 takes aim again at last February’s record close.
Builder confidence in the newly-built, single-family home market jumped by six points to 78 this August on the National Association of Home Builders (Wells Fargo Housing Market Index). Any figure above 50 is considered positive sentiment.
New cases of COVID-19 have remained stubbornly high in recent days, with the world facing record numbers daily.
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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