Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
EUR/USD very little changed since this morning
2020-10-30 • Updated
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair has just surpassed the Tenkan sen level. A failed attempt to move higher will lead the pair into fresh lows.
US Market View
- EUR/USD very little changed since this morning trading at the area of 1.1680, while USDJPY is trading at 104.50
- Wall Street was set to tumble again on Friday, triggered by a sell-off in tech heavyweights following their underwhelming business updates, with a record rise in coronavirus cases and nerves over the presidential election adding to a downbeat mood.
- Apple fell 4% in trading before the opening bell after it posted the steepest drop in quarterly iPhone sales in two years due to the late launch of new 5G phones.
- Amazon fell 1.7% after it forecast a jump in costs related to COVID-19 and Facebook shed 1.5% as it warned of a tougher 2021.
- Google parent Alphabet Inc climbed 7% after it beat estimates for quarterly sales as businesses resumed advertising.
Similar
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.
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
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 ...
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.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...