ONLINE FOREX BROKER
2021-07-20 • Updated
Global equities took a notable hit on Monday due to the new fears regarding the Covid19 delta variant, which is spreading around the world once again. But what is interesting is that the new variant is also affecting the fully vaccinated people as well. Some countries already reinitiated partial lockdown and restrictions, which sparked a panic selling across the board. S&P500 is now testing its 50-day MA for the fifth time this year, which should be watched very carefully as a breakthrough that support would be another bearish factor not only in the short term but also in the medium term, meaning S&P500 could be heading to 20% correction. Therefore, we prefer to wait and see how the index reacts at the opening bell before we decide on our next trade.
|
S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
|
4217.90 |
4225.50 |
4231.40 |
4239.00 |
4244.90 |
4252.50 |
4258.40 |
On Wednesday, the US dollar weakened in anticipation of the US CPI data, which could influence market exposure. A Bloomberg survey predicts a year-on-year read of 5.0% to the end of April. Market sentiment is affected by the US debt ceiling and issues with regional banks. While the major APAC equity indices are...
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
On Friday 10th February 2023, the Office for National Statistics published the figures for the Gross Domestic Product (GDP) as 0.1% which turned out greater than the initial forecast of -0.2%. As a result of the positive outlook of this report, we need to examine the short-term impact on GBP pairs from a technical point of view.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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