Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
CHF: losing value
The Swiss franc is losing value, especially against the EUR and the USD: EUR/CHF rose to 1.090 and USD/CHF above 0.90.
Technically, that might be an excellent chance to enter the market. To do that, you will be looking for a bearish reversal/correction that will inevitably happen somewhere on the way. As we neither catch falling knives nor launching rockets, you’d wait until bulls stop pushing. Then, once you start seeing red candles, try to find confirmations that it’s going to be a reversal, and sell. Otherwise, the secondary plan is a temporary sideways move before the next upswing takes place – a series of shorter bearish candles may be a good indication for this scenario.
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Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Forex, stocks, oil, and gold on Feb 28 - March 4
Last week was super intense! Geopolitical turbulence made the Russian ruble the most volatile currency. Gold rose and fell by more than 8000 points each time.
Latest news
The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
