ONLINE FOREX BROKER
2020-10-13 • Updated
Yesterday, when this article was out, the gold price was $1 922. Since then, it has moved down to the current $1 914. The question is: will it stay in the channel or not.
Fundamentally, the market starts trading with risk-off moods in the stock and currency sectors. That may change as the day goes by, but so far, that should – by the market’s logic – push gold price back up.
If that happens, you should witness reversal at $1 910. To detect it, watch for reversal chart and candlestick formations on smaller timeframes. Otherwise, $1 910 will be crossed and will open the way to lower bearish targets with 50-MA and $1 900.
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 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.
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?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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