Topics Columnists

Trending Topics

Russia-Ukraine Conflict

The war between Russia and Ukraine continues, and it is difficult for the two sides to reach an agreement in negotiations. Western countries have imposed several rounds of sanctions on Russia. The outlook is unpredictable.

The Fed

The Federal Reserve (Fed), or the central bank of the United States, is responsible for regulating the U.S. monetary policy and interest rates. As a provider of liquidity for world trade, the Fed is also known as the world's central bank. Its every move affects the global economy and financial markets.

China-U.S. Relations

Focus on Pelosi's Taiwan Visit ! How will China-U.S. relations develop in the future, win-win cooperation or confrontation?

FastBull Spotlights

Pick the most insightful news around the world for you!

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

FastBull

Hi there! Are you ready to get involved into the financial world?

Devin

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Winkelmann

7 years of stock market, foreign exchange, precious metal and other trading and analysis experience, based on fundamental, technical support, biased towards the top-down transaction logic, focusing on macro cycle and risk control, multi-purpose supply and demand theoretical prediction price Changes, balances the impact of transactions, chips distribution and market sentiment, and steady.

Trading AcademyTradersDaniel Market Outlook

Latest Update

XRP Went Wild, Why? Ted Cruz Tried to Block CBDC?

The bankruptcy case for Celsius has approved a settlement plan for custody account holders, allowing them to receive 72.5% of their crypto holdings. XRP had a 30% surge as Ripple defendants heralded a positive view in their case with the SEC. U.S. Senator Ted Cruz and Florida Governor Ron DeSantis spoke out against the establishment of a CBDC.

Simple Strategy That Generates 70x Gains In 20 Trades!

We used Python to create a simple trading strategy based on the 200-day SMA and RSI indicators. We backtested this strategy on several popular cryptocurrencies and achieved impressive returns. Join us to learn more about the results of this experiment.

Cathie Wood’s ARK Raised $16M for Crypto! NFTs are Abandoning Solana Platform?

Cathie Wood's fund, ARK, has launched a private crypto fund and raised $16.3 million, and possibility to buy bitcoin, because of she prefers decentralized and transparent investments.Solana-based NFT marketplace Formfunction has closed due to the decline in Solana NFT prices and trading volumes.

SVB and Signature Banks Collapsed?

Signature Bank and Silicon Valley Bank, have caused concern about systemic risk in the U.S. banking sector. Regulators have acted quickly to protect depositors, but will the Fed continue to raise interest rates in March?

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular Indicators

Trading Signals

Recommended Signals

Recent Searches
    Trending Searches
      Quotes
      7x24

      View All

      No data

      Scan to download

      Faster Financial News and Market Quotes

      Download App
      Invite Friends

      Australian Unemployment Rate Rose, AUD/USD Dipped 400 Points

      Forex Market
      Summary:

      Australian unemployment rate (seasonally adjusted) reached 3.7% in January, highest since May 2022.

      Sell AUDUSD
      End Time
      CLOSED

      0.69116

      ENTRY PRICE

      0.68658

      TGT PRICE

      0.69197

      SL PRICE

      0.66999 +0.00517 +0.77%

      458

      Points

      Profit

      0.68658

      TGT PRICE

      0.68656

      CLOSING

      0.69116

      ENTRY PRICE

      0.69197

      SL PRICE

      Fundamentals

      After the release of Australia’s unemployment rate, AUD/USD dipped more than 30 points in the short term, but recovered 40 points soon, regaining all the previous losses.
      The dollar was also under pressure as the Australian unemployment rate rose, waiting for the release of the U.S. PPI and "initial jobless claims" data at 20:30 tonight.
      The forecast of U.S. PPI monthly is 0.4%, and the previous is -0.4%. PPI YoY forecast 5.4%, previous 6.2%. Core CPI forecast at 4.9% versus 5.5% previous.
      With the forecast for CPI, the US 10-year Treasury yield dropped during today’s Asian session. In the H4 chart, the price is at 3.782%, testing the 0.786 of Fibonacci. After the release of PPI and "initial jobless claims", the market will fluctuate strongly during the trading time.

      Technical AnalysisAustralian Unemployment Rate Rose, AUD/USD Dipped 400 Points_1

      The dollar broke through 103.5 yesterday. Strong US retail sales data also fueled market sentiment towards further rate hikes by the Fed, which gave the dollar some support.
      Australian Unemployment Rate Rose, AUD/USD Dipped 400 Points_2
      AUD/USD dipped around 400 points as the unemployment rate rose from a forecast of 3.5% to the previous 3.7%. However, the price has regained its losses as the dollar weakened in the same period.
      In the D1 chart, the price has touched the resistance and formed a double-top pattern. The price pullback after the release of the US NFP and CPI, and the price is below the MA34.
      Australian Unemployment Rate Rose, AUD/USD Dipped 400 Points_3
      In the M15 chart, the price tested a short-term resistance area and may continue to fall below the short-term support area of 0.68658.

      Trading Recommendations 

      Trading Direction: Short
      Entry Price: 0.69116
      Target Price:0.68658
      Stop Loss: 0.69197
      Support: 0.68658
      Resistance: 0.69168
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to 7x24

      Quick Access to More Editor-selected Real-time News

      Full Access to Pro Video Channel

      FastBull project team is dedicated to create exclusive videos

      Real-Time Quotes

      View more faster market quotes

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      Ricardo Nguyen

      Analyst

      With more than 7 years of experience in the financial market in general and Forex in particular, I also held many important positions. I cooperated with many units to organize training courses on investment knowledge and skills to share useful knowledge with the participation of thousands of people.

      Rank

      8

      Articles

      35

      Win Rate

      50.00%

      P/L Ratio

      4.25

      Focus on

      XAUUSD, USDJPY, AUDUSD

      Related Analysis

      XAUUSD Dipped in Tuesday’s Session Ahead of Fed Rate Hike Expectations

      LOSS -700 Points

      XAUUSD Dropped More Than $5 in European Session

      PROFIT +1200 Points

      FOMC Remained Hawkish: XAU/USD Dipped over 20 dollars

      LOSS -500 Points

      The Market Is Quiet on President’s Day

      LOSS -600 Points

      Japan’s Manufacturing Activity Contracted: USD/JPY Gained 300 to 134.147

      PROFIT +1512 Points
      English
      English
      简体中文
      繁體中文
      العربية
      TelegramInstagramApp StoreApp StoreGoogle Play
      Copyright © Fastbull Ltd
      Home News Columns AI News Economic Calendar Quotes Videos Data WarehouseAnalysis AI Signals Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.