At the close, the FTSE 100 came off its highs but still saw a 0.4% gain to close at 7,725 points. The focus now turns to tomorrow's US inflation figures.
The famous Fibonacci numbers often appear to have strong correlations with nature, and their relevance to forex trading is no exception as they influence the financial market as well. Developed by Joseph Granville in 1963, Fibonacci Retracement Indicator helps forex traders identify potential support and resistance levels in a currency pair. This article explains how to use a Fibonacci Retracement Indicator to increase your trading profits!
The US consumer price index for December will be published this week, and there is a chance that the inflation rate has fallen from 7.1% to 6.5% year-on-year. While this is not the most important inflation report for the Fed, it is vital for capital markets.
Traders must watch its movement until become profitable, and traders must know who controls forex because its movement is always unpredictable.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Wednesday, the spot gold started to rise in the Asian session, reaching the intraday high of 1886.53 US dollars, but it gave up all the gains and turned down in the US session, and finally closed up 0.07% to 1875.46 US dollars/ounce; Spot silver once stood at the $24 mark in the day, and then fell with the fall of gold, finally closing down 0.78% at $23.75/ounce. The copper price has exceeded US $9000/ton for the first time since June last year.
WCG Markets:2023年01月12日黄金市况分析
performance, growth, summary, estimation
Some traders will get bankrupt because of some factors that will make them lose money, thus traders should know how to avoid bankruptcy in forex trading.
On Tuesday, spot gold continued to fluctuate and was held back by the 1880 dollar mark, and finally closed up 0.31% at 1877.47 dollars/ounce; Spot silver remained in a narrow range and ended down 0.09% at US $23.61/ounce.
WCG Markets:2023-01-11
Today 10th of January, the USD/CHF pair is trading in the range of Chf0.9195-0.9230 - about the 10-month low of Chf0.9165 reached yesterday.
Subsequent to an upbeat start to the key week, the risk profile fades optimism as the Chine-inspired risk-on mood fails to get many takers while the Fed policymakers push back against dovish bias. Additionally weighing on the risk profile could be the cautious mood ahead of multiple central bankers’ panel discussion at the Riksbank event.
Sequel to missing their annual Santa Claus run in 2022 and starting the New Year in the red, US stocks registered significant gains this week to snap out of their 4-week bear run.
Detecting a strong directional move is one of the essential skills every trader needs to master. Regardless of your strategy, finding a strong trend after you enter a position is essential. Created by legendary trader ‘Welles Wilder’ in 1978, the Average Directional Index (ADX) is a technical indicator widely used to identify strong trends and their direction. This article explains why ADX Indicator is so popular with traders at all levels in detail.
On Tuesday, January 10, the international gold price remained stable. Before the Fed Chairman Powell delivered a speech, investors were cautious, and they would learn about the track of the Fed's interest rate increase. The gold price is 1890 dollars in the short term.
On Monday, spot gold fluctuated and broke the 1880 dollar mark for a time, and finally closed up 0.32% at 1871.62 dollars/ounce; Spot silver took back all the gains and turned down in the European market, and finally closed down 1.47% at $23.66/ounce. In addition, the MSCI emerging market index entered a technical bull market.
NZD/USD is higher by some 0.5% on the day so far and headed for a bullish close to starting the week. However, breakout traders chasing the move could find themselves in trouble as per the following technical analysis. NZD/JPY is testing the limits of the support and resistance channel on the hourly chart as follows:
The JPY had seen some renewed strength after the Bank of Japan finally intervened late in 2022 to widen its target band on its 10-year band to -0.5-0.5% from -0.25-0.25%. This was seen as an overall positive catalyst for the currency and a sign that the Bank may be ready to increase rates.
Monetary policy is a major cause of the increase in inflation, says Stanford economist John Taylor. The Australian Dollar catapulted to a 5-month high above 0.6900 on 9th Jan on the back of the US Dollar being crunched. The ‘big dollar’ is down against all the major currencies.