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Trading Analysis

Buy WTI
TRADING

WTI: Bulls Are Gathering and Buying Dips Recommended

While a sharp increase in U.S. crude inventories for the second week in a row is giving the bulls pause, data showed that China's crude oil demand jumped nearly 1 million barrels per day in November, rising to a new high since February. The International Energy Agency (IEA) Administrator Fatih Birol said Thursday that the energy market may be tighter in 2023; in addition, investors believe that the Fed will slow the pace of interest rate hikes and other news to boost the economy and promote energy demand, helping to extend the rise in crude oil prices.

Eva Chen

Buy AUDUSD
TRADING

AUDUSD: Bullish Momentum Remains Absolutely in Control Despite Bull Stagnation

Following a strong upside halt on Wednesday, AUDUSD stalled after a quick retreat when bulls failed to sustain a stand above the 0.7000 psychological mark and were stopped at the 200-week SMA.

Eva Chen

Sell AUDNZD
LOSS -400 Points

AUDNZD:Is the AUDNZD starting the downtrend?

Australian unemployment rates drive the market 

Saif

Sell DJIA
PROFIT +11489 Points

DJIA: Strong Sell-off May Stop While Bottom Support Not Solid

All major U.S. stock indexes are showing a clear downward trend after ending Wednesday's all-around decline. Early indications from major stock index futures suggest Wall Street may open lower. As of 7:15 a.m. ET, DJIA futures were down 241.00 points, S&P 500 futures were down 29.50 points, and NASDAQ 100 futures were down 92.75 points.

Eva Chen

Buy WTI
PROFIT +1690 Points

WTI: Trend Rally Not Yet Over, Oil Price Correction May Limited

WTI crude oil surged higher yesterday and fell below $80 per barrel again, cooling the market's bullish sentiment for several days. The pickup in API inventory data this week also partially reinforced the weakness in oil prices. Our view remains unchanged that the trend rally is not over and oil price correction may be limited.

Eva Chen

Sell COPPER
TRADING

COPPER: Supply-demand Weakness Is Emerging with the Market Retreating After Surging

In the short and medium term, optimistic macro expectations support nonferrous prices, but the pace of accumulation accelerated or limit the further upward height.

King Ten

Buy DJIA
LOSS -32089 Points

DJIA: It Is Recommended to Go Long at the Lows as U.S. Stocks Diverged

U.S. stocks were relatively flat in Tuesday's trading. Investors are seemingly reluctant to take major action after the long holiday weekend, which leads to divergent moves. Although the Dow narrowed its losses before the close, showing clear signs of a downward trend, the index could move higher again before falling further.

Eva Chen

Buy GBPUSD
TRADING

GBPUSD: Bears Should Leave Once It Breaks Psychological Threshold of 1.2300

UK data show further signs of a labor market reversal, with employment falling but wages rising faster. While wage growth remains largely positive, the real wage growth rate remains negative when adjusted for real prices.

Eva Chen

Buy ETH-USDT
LOSS -2500 Points

ETH-USDT: Liquidity Returns and Retracement Increases

 Depending on the 5-day moving average support, you can try to go long near 1560.

King Ten

Sell XAUUSD
PROFIT +1279 Points

XAUUSD: Recession May Be Hard to Produce and Gold Rally Is at Risk

The global economy may have come out of a severe recession lasting for a long time in the early days, which is not good news for gold

King Ten

Buy WTI
PENDING

WTI: Bullish Market Continues As Economic Expectation Improved

The Chinese New Year is approaching, so try to manage the risk when following the trend to go long.

King Ten

Buy EURCAD
TRADING

EURCAD:Uptrend supported by CPI  

The Canadian dollar Inflation rate CPI Has been released with negative results It was lower than the previous month and the expectation as well at 6.3%, On the other hand, tomorrow we have in the economic calendar inflation rate CPI in the Europe zone with Positive expectations for the euro.

Saif

Sell DJIA
PROFIT +22391 Points

DJIA: Focus on Investment Bank Financial Reports, as Weak Data Performance Will Bring More Bearish Sentiment to The Market

The earnings report could be the highlight of the week. Wall Street generally believed that Morgan Stanley's Q4 GAAP earnings per share were US$1.29 with a revenue of US$12.6 billion. The market will pay close attention to the revenue data as Morgan Stanley's sales failed to meet market expectations in three of the past four quarters.

Eva Chen

Sell XAUUSD
PROFIT +532 Points

XAUUSD: Bear Orders for Uncompleted Tests Have Led to Premiums on the Spot, while Gold Prices Are Expected to Return to the Average

Gold fell slightly on Tuesday for the second day in a row, remaining sluggish as it entered the European session and further away from the previous day's high of US$1,928 since April. Gold is expected to return soon as there are bear orders for unfinished tests at US$1,842. Nevertheless, gold prices have started the year strongly; With the support of China's reopening, both investment and physical demand supported the gold price in 2023.

Eva Chen

Buy USDX
TRADING

USDX: The Economy May Have a Soft Landing and the Dollar Rebound Can Be Expected

The performance of the US economy will gradually improve in the first quarter of 2023, and the Dollar Index may be expected to bottom out.

Damon

Buy USDJPY
PROFIT +2819 Points

USDJPY: Markets Focus on Central Bank Meeting, Beware of Big Swings

The current market is overly traded, and we should be wary of a stampede after the market's overly consistent expectations fall through.

King Ten

Sell COPPER
LOSS -380000 Points

COPPER: Weak Trend Is Emerging with Struggling High Levels of Copper Prices

Copper prices are strong in performance, supported by strong expectations, but the weak trend is difficult to change in the short term. Copper's supply and demand may gradually show a surplus, and the risk of short-term retracement is gradually intensifying.

King Ten

Buy GBPAUD
PROFIT +1500 Points

GBPAUD :Strong Support Bulls Taking Over

GBPAUD is firmly supported in a horizontal zone.

Warren Takunda

Buy GBPJPY
TRADING

GBPJPY  : Short-term Outlook

The pricere bounded from the 156.200 level and encountered resistance at 160.364. It has returned to the support level, and we have decided to enter a long position. However, there is a possibility of the price moving lower if it continues to decline. Only future market developments can confirm our speculation.

Warren Takunda

Sell USDJPY
LOSS -204 Points

USD/JPY: Best Appropriate Buying Levels

Immediately after the emergence of reports that the Japanese central bank will re-evaluate its monetary policy this week with more stringent steps.The price of the Japanese yen jumped strongly against the rest of the other major currencies, without exception.In the case of the USD/JPY currency pair, it moved downwards and strongly towards the support level of 127.45, the lowest for the currency pair in eight months.The week's trading closed around 127.85, waiting for anything new. 

Chandan Gupta

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