2019-11-11 • Updated
Trade idea
SELL 234.60; TP 233.00; SL 235.00
There are many ways to trade the market sentiment in relation to the US-China trade war. For example, you can bet on the stock of Apple as the American company has strong ties to the Chinese market. The optimism which spiked at the end of the last week is now slowly replaced with caution.
Apple’s stock met resistance in the 238.15 area and formed a lower high on the H1. Given the change in sentiment, a minor correction of the price to 233.00 seems quite likely. All in ll, the price remains in an uptrend, although it has obviously gone far away from the daily MAs.
You can trade stocks with FBS using MetaTrader 5.
For the third time in a row, Apple reports a dip in sales as it releases its report for Q2 2023. The announcement led to a 7% drop in stock prices as more investors seemed to lose confidence in the stock’s performance.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
Are you searching for trade opportunities for December 6-10? Here you go!
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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