S&P 500 met resistance at the 61.8% Fibo of the January 24-27 decline. The index is quite volatile these days offering traders opportunities to make profit.
Daily Market Analysis
The Federal Open Market Committee is meeting today at 21:00 MT time.
An earnings report may easily move Amazon stock price $50-100 away from where it is now. In which direction may it be?
The meeting of the Federal Reserve at 21:00 Mt time will be the highlight of the day. There is a very high possibility that the event will make an impact on USD/JPY.
The stock price of this company presents a lot to think about. Is it a good time to enter the market with Alibaba shares?
CHF/JPY has been declining since the middle of January. It went down, as the yen was the number one safe haven after the outbreak of the coronavirus in China.
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
This time, the coronavirus has affected not only China but the whole market sentiment. Let’s figure out why this has happened.
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
The slingshot strategy is a good way to trade EUR/USD on the ECB meetings. Learn more!
USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
The sideways trading of USD/CAD may be finally over after the meeting of the Bank of Canada at 17:00 MT time.