ONLINE FOREX BROKER
2020-12-15 • Updated
EUR/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAU/USD: Gold after a remarkable selloff is trading strongly higher and stands below the 23.6% retracement area.
US stock markets look set to break a four-day losing streak later, with the futures contracts for all three major indices trading higher in the overnight session. The International Energy Agency trimmed its forecast for global oil demand by 100 000 barrels a day, but still said it expected a robust recovery in global demand in 2021, resulting in average demand of 96.9 million barrels a day.
The US Food and Drug Administration will release its analysis of data from the stage 3 trial of Moderna’s Covid-19 vaccine, a preliminary step toward the granting of emergency use authorization, which may come by the end of the week. The European Union added to Big Tech’s regulatory woes, publishing a draft regulation on digital services and markets with provisions allowing it to break up companies if they repeatedly offend. The Chinese economy has reached cruise control. Industrial production and retail sales continued to grow in November, underlining the country’s status as the only major world economy likely to grow this year, but the rate of improvement has flattened out in the last couple of months.
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.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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