2020-12-15 • Updated
AUD/JPY: The pair is trading below the cloud. Further bearish pressure will lead the currency pair to retest the previous lows.
XAG/USD: Silver consolidates above the 23.6% retracement area during the last hours.
Asian equity markets follow suit to the mixed performance in the US where sentiment was pressured and DJIA pulled back from record highs amid lockdown concerns.
Electoral College officially voted to confirm President-elect Biden's election victory with sufficient electors required to become President. Looking ahead, highlights include UK labor market report, NY Fed manufacturing, industrial production, Australian PMIs, Japanese trade balance, ECB's Lane, BoC's Macklem speeches. COVID crisis continues to create uncertainty with the UK government imposed tighter Covid-19 restrictions on London, citing increased infection rates that may be partly linked to a new variant of the coronavirus.
This follows news that Germany will enter a lockdown from Wednesday that will see the closure of non-essential stores, The Netherlands has announced a new five-week lockdown, while Italy is considering more stringent restrictions over the Christmas holidays.
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.
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.
The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
Gold price (XAU/USD) experienced a notable turnaround, gaining fresh bids after a $125 pullback from its recent peak. Federal Reserve Chair Jerome Powell's recent speech suggested a reluctance towards aggressive rate cuts, dampening speculations of immediate policy easing. Market sentiment leans towards the belief that the Fed has concluded its tightening cycle, with a growing...
Bitcoin's price remains stagnant despite the Fed's slightly less hawkish tone. In contrast, Bitcoin has outperformed other assets, doubling in price from $16K to nearly $38K this year. Improved fundamentals, including the resolution of Binance concerns...
Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means - time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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