Recommended Signals

Scan to download

Faster Financial News and Market Quotes

Download App
Invite Friends
7x24 More

More>>

RecommendedXAUUSDWTIUSDXEURUSDUSDJPYGBPUSDAUDUSD

TRADING Bitcoin (BTC) Consolidates at High Levels, Altcoins Decline as Markets Stay Calm

The financial markets remained calm last week, with no significant news or events causing waves. BTC's price remained at high levels, while altcoins suffered a decline. The Federal Reserve's FOMC statement showed that the bank liquidity crisis was not considered severe enough to halt the central bank's interest rate hikes. It is essential to monitor the possible bounce area on the daily chart at the 24800 level and maintain the support and resistance levels at 25000 and 32000, respectively. Traders should also keep an eye on altcoins, as their decline presents an opportunity for a potential entry at lower prices.

Columnist: Warren Takunda

TRADING XAUUSD: Rise in Gold Prices Was in Line with Our Expectations, with Bulls Still Dominating

Central banks have pegged inflation at less than 2%, causing chaos in economic and financial markets. The balance between inflation, growth, and financial pressure will shape the gold market.

Columnist: Eva Chen

TRADING EURCHF Downtrend Continues with Selling Opportunities at 0.9900

EURCHF downtrend looks set to continue, and traders should look for selling opportunities around the 0.9900 zone. The ongoing uncertainty in the market could further support safe-haven currencies like CHF, which could drive EURCHF lower in the coming weeks.

Columnist: Warren Takunda

TRADING GBPUSD: Although Buying at the Lows Persists, the Lack of Structural Adjustment to the Rising Pace Could Lead to Price Sticking

The GBPUSD fell slightly during the European session on Tuesday after trying to break the key threshold of 1.2343 but stalled ahead of the test target; Overall, the firm bullish stance remains. The comments by Bank of England (BOE) Governor Bailey sparked expectations of further interest rate hikes, which supported the GBP.

Columnist: Eva Chen

PROFIT +418 Points "Navigating the DXY: Breaking Down the Recent Rising Wedge Breakout"

The DXY's falling trend has implications for the stock market, which may go up if the trend continues. However, the upcoming CPI data will be a crucial determinant for the DXY's trend. Technical analysis suggests a possible retrace of the trend around 104.7 supply and demand zone. The short-term trend may be volatile until the release of the CPI data.

Columnist: Warren Takunda

LOSS -1722 Points USDX: Is the USD Expected to Complete the Standard "Five Sub-Waves Rising" Structure?

After the Federal Reserve chairman gave testimony in the Senate, the U.S Dollar Index (USDX) tested close to its highest level since early December of 106.00. For now, volatility should remain high and the risk balance in the market is expected to continue to tilt upwards. The focus of today's market will be on testimony 2.0 (the chairman of the Fed testifies in the House of Representatives). Meanwhile, the U.S. ADP employment change in February will be seen as a new driver.

Columnist: Eva Chen

LOSS -1492 Points USDX: RSI Touching Overbought Level Leaves Room for Further Decline

The foreign exchange market started the week on a steady note, buoyed by a strong rally in equities last week and a market that seemed to shrug off a slightly lower-than-expected Chinese growth target.

Columnist: Eva Chen

PROFIT +266 Points USDX: Serious Short-Term Overbought Suggests Possible Retracement

USD may continue to be strong in the near term, but its strength will fade in the medium- to long- term according to the economic fundamentals.

Columnist: King Ten

LOSS -1622 Points EURUSD: Eased Decline, USD Suppressed Above

EUR/USD has not shown any strong movement, try to buy low and sell high in the channel.

Columnist: King Ten

TRADING EURUSD: Beware of Chasing Highs As Spillover Effects and Bull Profit-Taking Lead to Price Slump

The EURUSD was under bearish pressure again, falling below the 1.0750 level on Friday. Despite upbeat PMI data from Germany and the Eurozone, risk-averse flows dominated the market amid sharp declines in European banking stocks.

Columnist: Eva Chen

LOSS -1245 Points EURUSD: 50 Bps Hike As Expected Is the Best Trade-off, Euro May Continue to Fall Later

The European Central Bank raised its three main policy rates by 50 basis points but gave no guidance on the future policy path in line with market expectations. The ECB highlighted the prevailing risks to the economic and inflation outlook, but further rate hikes may be needed if the current crisis is effectively mitigated.

Columnist: Eva Chen

TRADING Bullish on EURUSD: Targeting 1.10 as Next Major Resistance

EURUSD currency pair is currently attracting the attention of traders and investors due to both fundamental and technical factors. The market is anticipating a weaker US dollar, bullish indices, and bullish cryptocurrencies, which is expected to push the euro higher. Traders are closely watching the 1.071 support and resistance zone for a potential buying opportunity, with the next target set at 1.10. As always, it's essential to keep an eye on market developments and adjust trading strategies accordingly

Columnist: Warren Takunda

PROFIT +2076 Points USDJPY Head and Shoulder Pattern Signals Possible Downside

The USDJPY currency pair has been forming a head and shoulder pattern on the weekly and daily timeframes, which suggests a potential downward movement in the market. Additionally, the 1D demand zone was breached and pushed the price up to the height of the right shoulder. This article will examine the technical and fundamental factors that are driving the market and provide a forecast for the USDJPY currency pair.

Columnist: Warren Takunda

TRADING USDJPY: Recovery Signs Emerge After a Significant Decline, and Defending Intraday Lows May Turn Upward

The USDJPY began a correction earlier this week as yields on U.S. Treasury Securities fell. Nonetheless, the USDJPY rebounded after hitting a monthly low of 132.34, with bear covering showing up just before the release of the U.S. consumer price index.

Columnist: Eva Chen

LOSS -739 Points USD/JPY: End of bullish trend

US dollar loses more against other major economies as SVB impact dampens expectations of US interest rate hikes. Over the past three trading sessions, we have witnessed a rapid collapse of the USD/JPY rally.

Columnist: Chandan Gupta

PROFIT +580 Points Yen Emerges as Safe Haven Currency Amid Banking Crisis in the U.S.

In conclusion, the banking crisis in the U.S. has resulted in a liquidity shift towards the safe haven currency of the Yen, which has strengthened more than other currencies. Traders should watch for potential bullish signals around the support level of 132.00 before considering short positions. As the crisis intensifies further, traders may consider buying the JPY against currencies that are affected by the crisis. However, traders should also be cautious and watch for potential bearish signals in the Yen.

Columnist: Warren Takunda

PENDING GBPUSD: Holding the Key Support Needed, Focus on Upside in the Later Term

GBPUSD was trading at a disadvantage on Friday after hitting a new high since early February last Thursday but failing to sustain the gains made after the Bank of England meeting.

Columnist: Eva Chen

TRADING GBPUSD: Although Buying at the Lows Persists, the Lack of Structural Adjustment to the Rising Pace Could Lead to Price Sticking

The GBPUSD fell slightly during the European session on Tuesday after trying to break the key threshold of 1.2343 but stalled ahead of the test target; Overall, the firm bullish stance remains. The comments by Bank of England (BOE) Governor Bailey sparked expectations of further interest rate hikes, which supported the GBP.

Columnist: Eva Chen

TRADING GBPUSD Shows Signs of Reversal with Rising Wedge Pattern

The rising wedge pattern on GBPUSD indicates a potential trend reversal, and the break of the wedge to the downside supports the bearish outlook. The short-term target for this pair is at 1.2000, and traders should monitor the price action carefully for potential opportunities to enter a short position.

Columnist: Warren Takunda

PENDING GBPUSD: The Boe's Intention to Raise Rates by 25 BPs Has Been Fully Reflected in Prices, with the Market Focus Shifted to Voting Proportions

The Bank of England will announce its monetary policy decision on March 23. Market participants focus on the size of any potential rate hikes and any signals of possible future rate hikes. Our base assumption is that the Bank of England will raise its policy rate by 25bps to 4.25%.

Columnist: Eva Chen

TRADING AUDUSD corrective movement towards 0.6680, with focus on Yellen's stance on bank deposits

The AUDUSD pair has been in a downtrend, with the recent successful break below the wedge pattern indicating a potential for further downward movement.

Columnist: Warren Takunda

PROFIT +317 Points AUDUSD: Bearish Strengths Have Full Control of the Situation, but Slowdown in Downward Momentum Could Lead to Corrective Rally

Although the Australian Bureau of Statistics published optimistic monthly retail sales data, the AUD failed to find more buying. The monthly economic data released by the Australian Bureau of Statistics is 1.9%, which is higher than the market expectation of 1.5%. In December, retail sales contracted by 3.9%.

Columnist: Eva Chen

PROFIT +94 Points AUDUSD: RBA's Interest Rate Decision Causes AUD to Drop, but Interest Rate Hikes May Not Be Over

While the RBA's interest rate decision has caused the AUD to drop, it does not necessarily mean that interest rate hikes in Australia are over. The market is currently in a downward trend, and traders should carefully monitor economic data and market trends

Columnist: Warren Takunda

PENDING AUD/USD: Breakout Confirmation Indicates Potential for Bullish Movement

The breakout confirmation on the H4 timeframe indicates a potential for bullish movement in AUD/USD. Traders can look for daily entry opportunities during the Tokyo session or wait for a major rejection signal before entering a position. The key resistance zone at 0.7 on the M30 timeframe provides a clear target for this potential bullish movement, with the next resistance zone at 0.6850. However, traders should exercise caution and carefully consider their risk management strategy

Columnist: Warren Takunda

  • Economic Calendar
  • Events
  • Holiday
TIME
COUNTRY
INDICATORS
IMP.
ACT
PREV
FCST
IMPACT

Calculates the probabilities of certain assets prices going up/down driven by key economic data releases

ALERT

No data

~
Report Introduction
--

      No data

      --

      --

      Central Bank Data

      WM/Reuters Benchmark Rates
      NAMES LATEST
      Monetary Policy
      Policy Rates
      NAMES LATEST
      Major Indicators
      NAMES PERIOD LATEST PREV

      Gold - Fundamental Drivers

      Top 5 Gold- production Areas
      RANKINGS COUNTRIES/REGIONS Production (t oz)
      Global Gold Production Summaries

      Crude Oil - Fundamental Drivers

      Top 5 OPEC Member Countries

      OPEC production data from the U.S. Energy Information Administration (EIA) only includes crude oil production data.

      RANKINGSCOUNTRIES/REGIONSMMB/D PERCENTAGE OF OPEC PRODUCTION
      U.S. Rig Count (Source: Baker Hughes) and Crude Oil Prices
      Data Source
      Release Frequency
      Content
      Terminology
      Formula
      Importance