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.
EUR/USD remains strong in the bearish bias
2019-11-11 • Updated
EUR/USD found resistance around the Fibonacci zone of 38.2% at 1.1672 and now looks forward to reach new lows across the board. Next target is placed at the -23.6% at 1.1510, at which bulls could gather some momentum in order to correct the decline. To the upside, nearest resistance lies at the 200 SMA and if it manages to break above it, next target should be November 3rd highs.
RSI indicator remains in the neutral territory.
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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