The financial industry offers interesting stock investment opportunities. What do we expect from the major US banks?
Daily Market Analysis
The US dollar had a strong week versus the Japanese yen. USD/JPY opened with a gap down on the W1, but is now trading above the highs of the previous week.
Bank of America stock shows interesting price patterns over various perspectives. Is it an attractive investment?
The advance of gold (XAU/USD) this week has been too rapid. The precious metal got overbought.
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
Recently GE stock price crossed the 12-months high. Is that a promise or we need to hold on?
If you look on the weekly chart of GBP/JPY. You will see that the pair has ran into resistance of the 200- and 100-week MAs.
On the H1, you can see that EUR/USD formed an inverted “Head and Shoulders” pattern.
Market sentiment has worsened on the news about the conflict between the United States and Iran. One of the ways to trade in this environment is to sell NZD/USD.
The 2020 year has started and the direction of the markets is unclear especially due to the US-Iran tensions. Take a fast look at the major events that will determine markets’ direction in January 2020.
The New Year just started but risks are already in the arena. The global financial markets’ sentiment turned to be cautious. How the US-Iran tensions may affect markets.
Would you like to get the opinion of US millionaires? CNBC host the regular Millionaire Survey and found out what risks they expect.