ONLINE FOREX BROKER
2020-12-21 • Updated
If we spot the uptrend that started in the middle of 2019 and project it into the future, we will see that the current movement of the gold price pretty much falls into it. Of course, only time will tell whether this projection is right or wrong. But If it is right, then we are to see gold rise to $2 000 by February and $2 100 by May. This projection includes possible downturns on the way and doesn’t assume the gold will be going upwards as smoothly as it did in April-July this year. Therefore, an expectation of $2 100 seems pretty well-balanced and realistic – unless a fundamental shift distorts the environment of the oil market. It may be something like a much-better-than-expected recovery of the global economy (which is rather unlikely, but things happen, right?), or, Bitcoin taking investors away from gold (which seems to be a realistic prospect now). On the other side, take into account the possibility of more aggressive growth. In this case, $ 2 100 may appear on the screen by February-March: at the end, gold rose by $150 in just the first two months of 2020 so expecting $2 100 in two months from December 2020 isn't unrealistic. Anyway, 2021 seems to be an interesting performance to watch - follow the gold news.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Q4 earnings season has been interesting, mainly because of the turbulent global economic outlook. On this premise, analysts forecast a disappointing performance for several stocks ahead of the Q4 earnings report publishing.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
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