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/USD: to the six-year highs?
2022-12-20 • Updated
Since March 2020, the Australian dollar has been very tough on the USD. From the crisis depths below 0.60, AUD/USD has risen to the current 0.78. Another leap, and it will reach 0.81 – that will be the six-year highs. It’s very important to have the below strategic picture in your mind when you trade this pair because the closer it gets to 0.81, the harder it should be for it to break the resistance. In the meantime, breaking this resistance may lay the beginning of a large uptrend such as those that took place more than a decade ago and lasted for two years. Don’t rush to see bullish domination though: there are commentaries that the US dollar may get back to strength. If that’s the case, we won’t see AUD/USD go as high as in 2009 or 2007. Let’s see.
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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