
In today's article, we will be performing an interesting analytical experiment - Correlation! To start, I have chosen a few indices that we will be observing. It's just like we're analyzing...
Don’t waste your time – keep track of how NFP affects the US dollar!
Data Collection Notice
We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.
Join Us on Facebook
Stay on top of company updates, trading news, and so much more!
Thanks, I already follow your page!Beginner Forex Book
Your ultimate guide through the world of trading.
Check Your Inbox!
In our email, you will find the Forex 101 book. Just tap the button to get it!
Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77.93% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
Information is not investment advice
Last week blew traders' minds!
The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday. As a result, EURUSD increased to 1.0600, and USDJPY plunged to 128. Stock indices found support levels. Chinese Hang Seng rose for the second week in a row. US500 and US100 plunged at the beginning of the previous week but reversed on Thursday. The critical support levels for US500 and US100 are 3850 and 11 700, respectively. The oil market keeps trading sideways as European Union tries to approve the Russian oil embargo. The crypto market followed the US stock indices. As a result, Bitcoin decreased to the local support of $27 000, and it looks like buyers will hold the asset above this level for a while.
On Monday, the head of the Bank of England will participate in a panel discussion regarding the monetary policy's future. More hawkish than expected statements might boost GBPUSD to 1.2800. Otherwise, the pair might decline below 1.2350 once again. On Tuesday, the German flash manufacturing PMI will shake the euro. Better-than-expected data might push EURUSD to 1.0700.
On the other hand, if the actual result is lower than the expectations, the pair might plunge to 1.0350. The period from Wednesday to Friday will be intense for the US dollar. On Wednesday, the FOMC will present the meeting minutes. On Thursday, the prelim GDP will be posted. On Friday, the bureau of economic analysis will publish the core PCE price index. The US dollar index plunged at the end of the previous week with a strong impulse. The trend might continue if the US economic data signals an upcoming recovery.
Next week, Nvidia and Alibaba will post earnings reports.
Nvidia's price lost 50% of its high in January 2022. Better-than-expected report might push the stock to the $200 resistance. On the other hand, in case of a worse-than-expected release, the price might fall to $150.
Alibaba has found its global support, and the price is ready for the massive uptrend. The upcoming report might confirm investors' opinions about the Chinese market recovery.
XBRUSD has been testing the $112.50 resistance for the past three weeks. As soon as the breakout happens, the price will head towards $118.00. At the same time, XTI is moving towards $120. XAUUSD broke through the upper border of the descending channel. As soon as the price breaks through $1850, it will head towards $1870 and $1900. XAGUSD bounced off the global support of $20.50. If the price breaks through $22.50, it will head towards $24.30.
In today's article, we will be performing an interesting analytical experiment - Correlation! To start, I have chosen a few indices that we will be observing. It's just like we're analyzing...
As expected, the Federal Reserve hiked the key US interest rate by 25 basis points for the second straight time during its two-day meeting ending March 22. The unanimous decision of the FOMC came amid major central banks' commitment to fighting inflation while maintaining economic...
Between October 2022, and January 2023, the Japanese Yen outperformed several other currency pairs, resulting in over a thousand pips move on pairs like EURJPY, GBPJPY, and 2000-plus...
In today's article, we will be performing an interesting analytical experiment - Correlation! To start, I have chosen a few indices that we will be observing. It's just like we're analyzing...
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...
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later