Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
AUD/NZD is trying to reach the resistance
2019-11-11 • Updated
On H4 of AUD/NZD, the pair has been moving to the resistance at 1.0538. The level is strong as before it caused a pullback several times. If bulls are able to push the pair above this level, we can anticipate a further increase towards 1.0558. In the case of the rebound, we will see a decline to 1.0512. The next level to watch is 1.0489.
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
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