US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
EUR: strategic rise?
2020-12-07 • Updated
EUR has been notably aggressive lately. Against the USD, it broke through the key resistance of 1.19 that has been keeping it in check since July, went through 1.20, and established itself above 1.21.
Against the GBP, after three months of sliding downwards from above 0.92 to below 0.89, it went up to trade above 0.90. These are tactical achievements of the euro no one would deny, but is it a local out-of-the-order event that will later on fall back into established trends, or, it is a beginning of a new phase?
ECB may have a response for that. More specifically, it will probably provide one this week as the EU country leaders are set to meet during the summit, and the ECB is about to announce its monetary policy plans. The historic 1.8trln-euro rescue package is prepared to get the damaged European economy, especially in it southern country members, out of the trouble. Once and if the resistance of Hungary and Poland is set aside, there will be no impediment for this unprecedented rescue to be put to action. With the other quantitative measures the ECB has taken a course on, the EUR should have a pretty solid promise for the upside performance.
Similar
How will the reporting season affect US indices?
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
Stocks to trade in July
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
