NZDUSD failed on the break of the 200 day MA The NZDUSD moved above its 200 day moving average (green line in the chart above) the first day of December, and stayed above that level December 22 when the price closed below the moving average level. However the very next day the price moved back
Month: January 2023
The dot plots revealed that the Fed was seeing a more hawkish outlook for interest rates and it will be interesting to see what is it in the meeting minutes to reveal such sentiment. Especially when we are seeing inflation pressures cool off, not just in the US but also in Europe now. That said,
A woman walks past rundown, shuttered shops in Romford, England. John Keeble | Getty Images News | Getty Images LONDON — The U.K. economic contraction of 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity. In its 2023 macro outlook, Goldman
Oil prices held their ground on Wednesday after tumbling in the previous session as markets braced for minutes from the U.S. Federal Reserve’s December policy meeting. The Fed raised interest rates by 50 basis points (bps) in December after four consecutive increases of 75 bps each. If the Fed intensifies its rate hikes, that could
Aussie rises broadly today on news that China is considering to lift the ban on its coal partially. The move also takes Kiwi higher. On the other hand, Dollar is turning softer together with loonie. Despite yesterday’s rally attempt, the greenback is clearly hesitating ahead of today’s ISM manufacturing and FOMC minutes, as well as
According to MNI, the Reserve Bank of Australia (RBA) believes that “accumulated savings, a tight jobs market and spending cuts will make higher interest rates manageable for most homeowners.” This comes as AUD400 billion of fixed-rate mortgages mature in 2023 and home prices are set to add to eight straight months of declines. Citing sources
Tesla was always something of a bubble and had a long list of detractors when its valuation reached stratospheric levels. At the same time, Elon Musk’s online persona has become a liability to the company, changing the investment thesis. None of those things apply to Apple. Yes, there are the usual concerns about iPhone demand
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla electric cars in Germany on March 21, 2022. Sean Gallup | Getty Images News | Getty Images Tesla just published its fourth-quarter vehicle production and delivery report for 2022. Here are the key numbers. related investing news Some analysts see a buying opportunity in
This is the HARSH Reality of becoming a Forex Trader in 2023. If you want to become a forex trader or day trader in 2023, you need to watch this video first. This video will exposes the trading industry like how most traders are actually not profitable, losing money, whether you can get rich from
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According to a recent report by Hash Rate Index, publicly-listed Bitcoin (BTC) miners took on more than $4 billion worth of debt during the run-up to the crypto bull market. Mesmerized by rising prices, industry rushed hand over fist to purchase Bitcoin application-specific integrated circuits miners on easy credit. However, in today’s context of Bitcoin
New Delhi: Gold price in the national capital jumped Rs 506 to Rs 55,940 per 10 grams on Tuesday amid a rally in prices of the precious metal internationally, according to Securities. The yellow metal had touched Rs 55,434 per 10 grams in the previous trade. Silver also zoomed to Rs 1,374 to Rs 71,224
Dollar rises broadly in the early part of European session for now apparent reason. Risk sentiment is so far positive with rallies in major European indexes and US futures. US benchmark yield is actually falling. There is also no follow through buying in the greenback after lower than expected Germany inflation reading. Sustainability of Dollar’s
AUD/USD drops below 0.6800 toward the 20-day EMA at 0.6736. The US Dollar remains bid, irrespective of falling US bond yields, after the release of weak PMIs. Weak Chinese economic data dampened the prospects of the Australian Dollar. AUD/USD Price Analysis: Likely to remain range-bound in the 0.66/0.68 200 pip range. The Australian Dollar (AUD)
UPCOMING EVENTS: Wednesday: US ISM Manufacturing PMI, FOMC Minutes. Friday: US NFP, US ISM Services PMI. Welcome to 2023 everyone! If 2022 was a nice year in terms of trading opportunities, this year is going to be even better, so get ready. Let’s first start from where we left and continue from there… Inflation is
Oil prices slid on Monday from their highest levels in a month on a stronger dollar and after the head of the International Monetary Fund warned of a tougher 2023 as major economies experience weakening activity. Brent crude futures dropped 98 cents, or 1.1%, to $84.93 a barrel by 0148 GMT while U.S. West Texas
GBP/USD jumps back toward 1.2100 amid risk recovery. US Dollar rebound fizzles out, USD/JPY sell-off weighs. GBP/USD bounces off 200DM, RSI enters into the bullish zone. GBP/USD is holding onto the latest upswing toward 1.2100, as bulls jump back into the game amid holiday-thinned market conditions. The main catalyst behind the pair’s renewed upside is the
Technical analysis of Bitcoin evaluates the crypto king by assessing previous prices and volume. Technical analysts don’t analyze a security’s inherent worth, but instead utilize charts and other tools to uncover trends. Technical analysis also uses patterns to predict future price changes. These patterns may be bullish, bearish, or neutral, indicating a price increase, decrease,