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Technical My Tips
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Technical My Tips (English)
Are you interested in learning more about technical tips and tricks? Look no further than Technical My Tips! This Telegram channel is your go-to source for valuable insights and advice on all things technical. Whether you're a seasoned pro or just starting out, Technical My Tips has something for everyone. From software recommendations to troubleshooting techniques, you'll find a wealth of information to help you navigate the digital world
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What is Technical My Tips? Technical My Tips is a platform where you can access tips, tricks, and tutorials on various technical topics. Whether you're looking to improve your coding skills, optimize your digital workspace, or stay up-to-date on the latest tech news, Technical My Tips has you covered. With a focus on practical advice and real-world applications, this channel is an invaluable resource for anyone looking to enhance their technical knowledge
Join Technical My Tips today and take your technical skills to the next level. Stay informed, stay connected, and stay ahead of the curve with the help of Technical My Tips!
Technical My Tips
10 Jan, 12:17
Stay ahead of the crypto game and trade in the octa app
๐ก What's happening?
BTCUSD kicked off January strong. But just as quickly, rising U.S. bond yields brought the party to an abrupt halt. Bitcoin dropped below the key $100,000 level, losing 6% over the past month. It's now holding steady at around $92,000. Other cryptocurrencies? They're feeling the heat too.
๐ Why the drop?
Bitcoin doesn't like high interest rates! Here's why:
๐ธ Higher rates = less liquidity = fewer risk-takers.
๐ Investors prefer safe options like bonds over volatile assets.
While the Federal Reserve lowered rates three times in 2022, it has signalled a slower pace for future cuts. Add in some global uncertainty and rising bond yields, and Bitcoin has been stuck in a rough patch.
๐ What's Next for BTCUSD?
Right now, Bitcoin's moving in a tight range: $92,000 โ $100,000.
Analysts expect sideways action unless a major shakeup hits the market.
#crypto #BTCupdate #forextrading #cryptonews #marketanalysis
๐ก What's happening?
BTCUSD kicked off January strong. But just as quickly, rising U.S. bond yields brought the party to an abrupt halt. Bitcoin dropped below the key $100,000 level, losing 6% over the past month. It's now holding steady at around $92,000. Other cryptocurrencies? They're feeling the heat too.
๐ Why the drop?
Bitcoin doesn't like high interest rates! Here's why:
๐ธ Higher rates = less liquidity = fewer risk-takers.
๐ Investors prefer safe options like bonds over volatile assets.
While the Federal Reserve lowered rates three times in 2022, it has signalled a slower pace for future cuts. Add in some global uncertainty and rising bond yields, and Bitcoin has been stuck in a rough patch.
๐ What's Next for BTCUSD?
Right now, Bitcoin's moving in a tight range: $92,000 โ $100,000.
Analysts expect sideways action unless a major shakeup hits the market.
#crypto #BTCupdate #forextrading #cryptonews #marketanalysis
Technical My Tips
10 Jan, 08:49
โ ๏ธHIGH IMPACT NEWS ALERTโ ๏ธ
๐น Tonight we will have high impact news at 9:30 PM (NFP)
๐น NFP news is expected to move the market in a volatile manner! So make sure to prepare 2-3 war accs for trade news!
๐น Those who don't dare, don't try to enter! This high impact news is quite high risk for those who do not have backup capitalโโ
๐น Tonight we will have high impact news at 9:30 PM (NFP)
๐น NFP news is expected to move the market in a volatile manner! So make sure to prepare 2-3 war accs for trade news!
๐น Those who don't dare, don't try to enter! This high impact news is quite high risk for those who do not have backup capitalโโ
Technical My Tips
10 Jan, 08:46
Open Account In Exness For Forex Trading & P2P Transaction๐
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Technical My Tips
10 Jan, 08:46
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Technical My Tips
10 Jan, 08:43
๐ Gold rises on economic uncertainty, ahead of the U.S. jobs data
Gold (XAU) gained 0.31% and reached a four-week high on Thursday, supported by safe-haven demand amid investors' uncertainty about the economic and inflationary impact of U.S. President-elect Donald Trump's policies.
๐ Possible effects for traders
โSafe-haven demand is modestly supporting gold, offsetting downside pressure coming from a stronger dollar and higher rates. Market uncertainty is likely to persist with the upcoming inauguration of Donald Trump as the next U.S. presidentโ, UBS analyst Giovanni Staunovo said. Donald Trump will take office on 20 January, and his proposed tariffs, if implemented, could ignite trade wars and exacerbate inflationary trends. This could create a favourable environment for gold, a safe-haven asset which performs well during economic uncertainty and rising prices.
At the same time, the Federal Reserve (Fed) is already considering risks from Trump's possible policies and seems poised to take a careful approach to further rate cuts. According to the last meeting minutes, Fed officials noted that โthe effects of potential changes in trade and immigration policy suggested that the disinflationary process could take longer than previously anticipatedโ. If the Fed continues to maintain its current base rate within the 4.25 โ 4.5% range for an extended period, a rise in XAUUSD may be slow and volatile.
XAUUSD was rising during the Asian and early European trading sessions. Today, the market focuses on the U.S. nonfarm payroll (NFP) report due at 1:30 p.m. UTC. A Reuters survey showed that the U.S. economy likely added 160,000 jobs in December. If the report reveals a smaller figure and shows a slower rise in average hourly earnings, the Fed may be less cautious about easing rates this year. Therefore, XAUUSD will may rally. Conversely, a larger-than-expected increase in NPF figures coupled with strong earning data may push XAUUSD lower, probably below $2,650.
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Partner Codeโก๏ธ 3788810
Gold (XAU) gained 0.31% and reached a four-week high on Thursday, supported by safe-haven demand amid investors' uncertainty about the economic and inflationary impact of U.S. President-elect Donald Trump's policies.
๐ Possible effects for traders
โSafe-haven demand is modestly supporting gold, offsetting downside pressure coming from a stronger dollar and higher rates. Market uncertainty is likely to persist with the upcoming inauguration of Donald Trump as the next U.S. presidentโ, UBS analyst Giovanni Staunovo said. Donald Trump will take office on 20 January, and his proposed tariffs, if implemented, could ignite trade wars and exacerbate inflationary trends. This could create a favourable environment for gold, a safe-haven asset which performs well during economic uncertainty and rising prices.
At the same time, the Federal Reserve (Fed) is already considering risks from Trump's possible policies and seems poised to take a careful approach to further rate cuts. According to the last meeting minutes, Fed officials noted that โthe effects of potential changes in trade and immigration policy suggested that the disinflationary process could take longer than previously anticipatedโ. If the Fed continues to maintain its current base rate within the 4.25 โ 4.5% range for an extended period, a rise in XAUUSD may be slow and volatile.
XAUUSD was rising during the Asian and early European trading sessions. Today, the market focuses on the U.S. nonfarm payroll (NFP) report due at 1:30 p.m. UTC. A Reuters survey showed that the U.S. economy likely added 160,000 jobs in December. If the report reveals a smaller figure and shows a slower rise in average hourly earnings, the Fed may be less cautious about easing rates this year. Therefore, XAUUSD will may rally. Conversely, a larger-than-expected increase in NPF figures coupled with strong earning data may push XAUUSD lower, probably below $2,650.
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Technical My Tips
10 Jan, 08:42
๐ Less dovish Fed policy puts downward pressure on the euro
On Thursday, the euro (EUR) lost 0.19% against the U.S. dollar (USD) as the greenback's value continued to rise on concerns over tariffs under the incoming Donald Trump administration.
๐ Possible effects for traders
Yesterday, a number of the Federal Reserve (Fed) officials laid out their vision on U.S. monetary policy. Susan Collins, the President of the Boston Fed, said that significant uncertainty over the outlook calls for the central bank to move forward cautiously with future rate cuts. Meanwhile, Patrick Harker, Philadelphia Fed President, stated that he still expects rate cuts, but any imminent move isn't needed amid uncertainty over the economic outlook. In addition, Jeff Schmid, Kansas City Fed President, commented that rates are near the point where the economy needs โneither restriction nor supportโ.
It seems like the Fed is preparing to pursue a much less dovish monetary policy in 2025 compared to 2024. This outlook is exerting an upward pressure on the U.S. Dollar Index (DXY), dragging other currencies down. At the same time, the economic situation in the Eurozone continues to deteriorate. Yesterday's data revealed that exports in Germany, the Eurozone's largest economy, fell by 3.5% in November.
EURUSD was falling during the Asian and early European trading sessions. Today, all eyes will be on the U.S. macroeconomic data: the nonfarm payroll (NFP) report at 1:30 p.m. UTC and the preliminary consumer sentiment report at 3:00 p.m. UTC. Stronger-than-expected figures may push EURUSD towards new multi-month lows, below 1.02600. Conversely, weaker-than-expected numbers may offer euro bulls a temporary relief and drive EURUSD above 1.03500.
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Partner Codeโก๏ธ 3788810
On Thursday, the euro (EUR) lost 0.19% against the U.S. dollar (USD) as the greenback's value continued to rise on concerns over tariffs under the incoming Donald Trump administration.
๐ Possible effects for traders
Yesterday, a number of the Federal Reserve (Fed) officials laid out their vision on U.S. monetary policy. Susan Collins, the President of the Boston Fed, said that significant uncertainty over the outlook calls for the central bank to move forward cautiously with future rate cuts. Meanwhile, Patrick Harker, Philadelphia Fed President, stated that he still expects rate cuts, but any imminent move isn't needed amid uncertainty over the economic outlook. In addition, Jeff Schmid, Kansas City Fed President, commented that rates are near the point where the economy needs โneither restriction nor supportโ.
It seems like the Fed is preparing to pursue a much less dovish monetary policy in 2025 compared to 2024. This outlook is exerting an upward pressure on the U.S. Dollar Index (DXY), dragging other currencies down. At the same time, the economic situation in the Eurozone continues to deteriorate. Yesterday's data revealed that exports in Germany, the Eurozone's largest economy, fell by 3.5% in November.
EURUSD was falling during the Asian and early European trading sessions. Today, all eyes will be on the U.S. macroeconomic data: the nonfarm payroll (NFP) report at 1:30 p.m. UTC and the preliminary consumer sentiment report at 3:00 p.m. UTC. Stronger-than-expected figures may push EURUSD towards new multi-month lows, below 1.02600. Conversely, weaker-than-expected numbers may offer euro bulls a temporary relief and drive EURUSD above 1.03500.
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Technical My Tips
10 Jan, 08:42
๐ Bitcoin's dynamic weakens due to economic uncertainty
Bitcoin (BTC) decreased by 2.62% as yields on U.S. Treasury securities reached their highest levels in a year. This caused a decline in risk assets due to the uncertainty surrounding potential tariffs under the new administration.
๐ Possible effects for traders
January began with a strong start as stocks and digital assets grew significantly due to the so-called โTrump tradesโ due to anticipation of a more favourable climate for digital assets and corporate financial statements. However, this positive sentiment soon faded as U.S. bond yields increased, causing the early New Year's rally to end abruptly and causing digital assets and stocks to lose some gains. Historically, there has been a negative correlation between the price of Bitcoin and U.S. interest rates. According to Eloisa Cadenas, chief innovation officer at Monetae Exchange, markets like Bitcoin thrive on liquidity to fuel their growth. However, increasing interest rates reduces global liquidity and makes traditional instruments such as bonds more attractive to investors. Bitcoin couldn't hold above $100,000 and decreased by approximately 6% in the past 30 days, dropping to a support level of $92,000, while other digital currencies declined even more substantially.
While rate cuts encourage investment in higher-risk assets, such as cryptocurrencies, the Federal Reserve's (Fed) cautious approach to the monetary policy has heightened market volatility. Despite three rate reductions in 2024, the Fed indicated that future easing will happen much slower than anticipated. Thus, yields on U.S. government debt have increased significantly. With the upcoming release of the U.S. nonfarm payroll data and the decline in global interest rates, market volatility in digital assets increased. The political climate under the Donald Trump administration could be positive for the cryptocurrency industry. However, concerns about the budget deficit and potential trade disputes could hinder economic growth and lead to uncertainty for risk-averse investors.
BTCUSD has been bullish during Asian and early European trading hours, reaching the local resistance level at $94,000. Today, the market awaits the U.S. nonfarm payroll report data at 1:30 p.m. UTC. Analysts forecast that 164,000 jobs were added in December. A higher-than-expected figure may trigger a further bearish correction in Bitcoin, while soft data may push BTCUSD higher.
Sign Up Nowโก๏ธ https://tlt.ink/octa
Partner Codeโก๏ธ 3788810
Bitcoin (BTC) decreased by 2.62% as yields on U.S. Treasury securities reached their highest levels in a year. This caused a decline in risk assets due to the uncertainty surrounding potential tariffs under the new administration.
๐ Possible effects for traders
January began with a strong start as stocks and digital assets grew significantly due to the so-called โTrump tradesโ due to anticipation of a more favourable climate for digital assets and corporate financial statements. However, this positive sentiment soon faded as U.S. bond yields increased, causing the early New Year's rally to end abruptly and causing digital assets and stocks to lose some gains. Historically, there has been a negative correlation between the price of Bitcoin and U.S. interest rates. According to Eloisa Cadenas, chief innovation officer at Monetae Exchange, markets like Bitcoin thrive on liquidity to fuel their growth. However, increasing interest rates reduces global liquidity and makes traditional instruments such as bonds more attractive to investors. Bitcoin couldn't hold above $100,000 and decreased by approximately 6% in the past 30 days, dropping to a support level of $92,000, while other digital currencies declined even more substantially.
While rate cuts encourage investment in higher-risk assets, such as cryptocurrencies, the Federal Reserve's (Fed) cautious approach to the monetary policy has heightened market volatility. Despite three rate reductions in 2024, the Fed indicated that future easing will happen much slower than anticipated. Thus, yields on U.S. government debt have increased significantly. With the upcoming release of the U.S. nonfarm payroll data and the decline in global interest rates, market volatility in digital assets increased. The political climate under the Donald Trump administration could be positive for the cryptocurrency industry. However, concerns about the budget deficit and potential trade disputes could hinder economic growth and lead to uncertainty for risk-averse investors.
BTCUSD has been bullish during Asian and early European trading hours, reaching the local resistance level at $94,000. Today, the market awaits the U.S. nonfarm payroll report data at 1:30 p.m. UTC. Analysts forecast that 164,000 jobs were added in December. A higher-than-expected figure may trigger a further bearish correction in Bitcoin, while soft data may push BTCUSD higher.
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Technical My Tips
10 Jan, 05:45
๐ฅ NFP Friday is Here! ๐ฅ
Non-Farm Payroll (NFP) is dropping tonight, and you know what that meansโbig moves, high volatility, and massive opportunities. ๐๐
โ ๏ธ Key Reminders:
- Manage your risk! NFP can be unpredictable, so keep your position sizes smart.
- Donโt chase the marketโwait for clear setups after the news is released.
- Volatility means opportunity, but also risk. Stay sharp and disciplined.
This is a traderโs playground if you play it right.
Letโs end the week with precision and focus! ๐๐ฐ
Non-Farm Payroll (NFP) is dropping tonight, and you know what that meansโbig moves, high volatility, and massive opportunities. ๐๐
โ ๏ธ Key Reminders:
- Manage your risk! NFP can be unpredictable, so keep your position sizes smart.
- Donโt chase the marketโwait for clear setups after the news is released.
- Volatility means opportunity, but also risk. Stay sharp and disciplined.
This is a traderโs playground if you play it right.
Letโs end the week with precision and focus! ๐๐ฐ
Technical My Tips
10 Jan, 05:44
Technical My Tips
09 Jan, 17:03
Already having Exness Account and still need access to learning material free of cost ?
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Contact our Team to change your partner code.
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Technical My Tips
09 Jan, 17:02
Open Account In Exness For Forex Trading & P2P Transaction๐
Link: https://tlt.ink/exness
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Technical My Tips
09 Jan, 16:32
The iPhone was unveiled by Steve Jobs on January 9, 2007, changing the tech landscape forever.
Start Trading: https://bit.ly/attexpertoption
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Technical My Tips
03 Jan, 11:46
Kickstart the New Year with expert insights and real-time market analysis. Our live trading sessions are designed to help you make informed trading decisions while exploring Januaryโs market opportunities.
๐ Mark your calendar for these live sessions:
9 January, 12 noon UTCโNews trading with Vito Henjoto
14 January, 1 p.m. UTCโadvanced live trading with Kar Yong Ang
23 January, 5 p.m. UTCโlive trading with Tunmise Olaoluwa
28 January, 1 p.m. UTCโadvanced live trading with Kar Yong Ang
30 January, 5 p.m. UTCโlive trading with Tunmise Olaoluwa
๐ป Where to join?
All sessions will be streamed live on our YouTubeโthe linkโs in bio.
โ Why attend?
Gain actionable insights from market experts.
Ask your questions live and get instant answers.
Learn how to adapt your strategy to market events.
Donโt miss out on these sessions! Share the schedule with your trading friends and prepare to elevate your trading game this January.
#LiveTrading #trading101 #ForexTips #forexforbeginners #TradingEducation
๐ Mark your calendar for these live sessions:
9 January, 12 noon UTCโNews trading with Vito Henjoto
14 January, 1 p.m. UTCโadvanced live trading with Kar Yong Ang
23 January, 5 p.m. UTCโlive trading with Tunmise Olaoluwa
28 January, 1 p.m. UTCโadvanced live trading with Kar Yong Ang
30 January, 5 p.m. UTCโlive trading with Tunmise Olaoluwa
๐ป Where to join?
All sessions will be streamed live on our YouTubeโthe linkโs in bio.
โ Why attend?
Gain actionable insights from market experts.
Ask your questions live and get instant answers.
Learn how to adapt your strategy to market events.
Donโt miss out on these sessions! Share the schedule with your trading friends and prepare to elevate your trading game this January.
#LiveTrading #trading101 #ForexTips #forexforbeginners #TradingEducation
Technical My Tips
03 Jan, 07:52
๐ Gold rises towards $2,660
Yesterday, gold (XAU) rose by 1.32%, continuing an upward trend that started at the end of December.
๐ Possible effects for traders
Meanwhile, the U.S. Dollar Index (DXY) hit a new multi-year high of 109.530 on Thursday, limiting the potential gold gains. At recent Federal Reserve (Fed) meetings, the central bank indicated it would lower interest rates less aggressively than anticipated. This suggests a shift towards a more restrictive monetary policy. The more hawkish stance is driven by uncertainties surrounding the economic policies of the incoming Donald Trump administration.
According to several sources quoted by Axios, U.S. President Joe Biden has discussed the possibility of a military attack on Iran's nuclear facilities in case of unforeseeable circumstances. The U.S. is concerned that Iran could make significant progress in its nuclear program before Donald Trump's inauguration on 20 January, during the transition between administrations. Thus, geopolitical tensions are the main factor driving gold prices upwards. Following last year's significant XAUUSD growth, increased gold demand is expected further in 2025.
During the Asian trading session today, XAUUSD was moving within a narrow range. The price rose yesterday and hit the resistance level of $2,660, so now XAUUSD may correct towards the support level of $2,640. Today, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) report will come out at 3:00 p.m. UTC. A higher-than-expected figure may put downward pressure on gold, while weaker data may support XAUUSD upward trend.
Sign Up Nowโก๏ธ https://tlt.ink/octa
Partner Codeโก๏ธ 3788810
Yesterday, gold (XAU) rose by 1.32%, continuing an upward trend that started at the end of December.
๐ Possible effects for traders
Meanwhile, the U.S. Dollar Index (DXY) hit a new multi-year high of 109.530 on Thursday, limiting the potential gold gains. At recent Federal Reserve (Fed) meetings, the central bank indicated it would lower interest rates less aggressively than anticipated. This suggests a shift towards a more restrictive monetary policy. The more hawkish stance is driven by uncertainties surrounding the economic policies of the incoming Donald Trump administration.
According to several sources quoted by Axios, U.S. President Joe Biden has discussed the possibility of a military attack on Iran's nuclear facilities in case of unforeseeable circumstances. The U.S. is concerned that Iran could make significant progress in its nuclear program before Donald Trump's inauguration on 20 January, during the transition between administrations. Thus, geopolitical tensions are the main factor driving gold prices upwards. Following last year's significant XAUUSD growth, increased gold demand is expected further in 2025.
During the Asian trading session today, XAUUSD was moving within a narrow range. The price rose yesterday and hit the resistance level of $2,660, so now XAUUSD may correct towards the support level of $2,640. Today, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) report will come out at 3:00 p.m. UTC. A higher-than-expected figure may put downward pressure on gold, while weaker data may support XAUUSD upward trend.
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Technical My Tips
03 Jan, 07:52
โฌ๏ธ The euro remains under strong bearish pressure
The euro (EUR) declined by 0.86% on Thursday, reaching levels last seen in November 2022. Simultaneously, the U.S. (USD) dollar had its strongest week in a while due to the anticipation of fewer interest rate cuts this year and a strong U.S. economy.
๐ Possible effects for traders
The U.S. dollar started the new year on a positive note, reaching a two-year high against a basket of currencies at 109.530 on Thursday. The rise is a result of a strong rally from the previous year, fuelled by a more hawkish stance of the Federal Reserve (Fed) and the strong U.S. economy. Charu Chanana, chief investment strategist at Saxo Bank, believes that this strength of the U.S. dollar will likely continue in the early months of 2025 due to the uniqueness of the U.S. situation and the high interest rates in the country. The uncertainty around the incoming Trump administration's policies also enhances the U.S. dollar's appeal as a safe haven asset. Markets cautiously approach the upcoming inauguration of Donald Trump as President on 20 January, given his potential plans for imposing import tariffs, tax reductions, and immigration restrictions.
Meanwhile, the euro has been weakening significantly against the strengthening U.S. dollar. โFor the eurozone, there could be direct impacts from higher trade barriers on its economies. However, perhaps even more significantly, higher tariffs imposed on China would also contribute to the weakening of the euroโ, stated Kyle Rodda, a senior financial analyst at Capital. com.
EURUSD was moving within the 1.02500โ1.02750 range during Asian and early European trading hours. Today, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) report will be released at 3:00 p.m. UTC. A higher-than-expected number may trigger another bearish momentum in EURUSD, while softer data may slow the downward trend.
Sign Up Nowโก๏ธ https://tlt.ink/octa
Partner Codeโก๏ธ 3788810
The euro (EUR) declined by 0.86% on Thursday, reaching levels last seen in November 2022. Simultaneously, the U.S. (USD) dollar had its strongest week in a while due to the anticipation of fewer interest rate cuts this year and a strong U.S. economy.
๐ Possible effects for traders
The U.S. dollar started the new year on a positive note, reaching a two-year high against a basket of currencies at 109.530 on Thursday. The rise is a result of a strong rally from the previous year, fuelled by a more hawkish stance of the Federal Reserve (Fed) and the strong U.S. economy. Charu Chanana, chief investment strategist at Saxo Bank, believes that this strength of the U.S. dollar will likely continue in the early months of 2025 due to the uniqueness of the U.S. situation and the high interest rates in the country. The uncertainty around the incoming Trump administration's policies also enhances the U.S. dollar's appeal as a safe haven asset. Markets cautiously approach the upcoming inauguration of Donald Trump as President on 20 January, given his potential plans for imposing import tariffs, tax reductions, and immigration restrictions.
Meanwhile, the euro has been weakening significantly against the strengthening U.S. dollar. โFor the eurozone, there could be direct impacts from higher trade barriers on its economies. However, perhaps even more significantly, higher tariffs imposed on China would also contribute to the weakening of the euroโ, stated Kyle Rodda, a senior financial analyst at Capital. com.
EURUSD was moving within the 1.02500โ1.02750 range during Asian and early European trading hours. Today, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) report will be released at 3:00 p.m. UTC. A higher-than-expected number may trigger another bearish momentum in EURUSD, while softer data may slow the downward trend.
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Technical My Tips
03 Jan, 07:51
๐ BTC rises despite record outflows from Bitcoin ETF
Bitcoin (BTC) rose yesterday, gaining 2.67%. The iShares Bitcoin Trust (IBIT), managed by BlackRock, has experienced its largest daily outflow since its launch in 2024. Meanwhile, Binance has received its 21st regulatory approval worldwide in Brazil.
๐ Possible effects for traders
Bitcoin investors have withdrawn funds from the iShares Bitcoin Trust by BlackRock, marking a significant outflow from the fund. According to Thomas Fahrer, CEO of Apolloโa cryptocurrency market insights platform, the outflow amounted to over $330 million, equivalent to over 3,500 Bitcoins. The outflow follows the market closure on the New Year's holiday and marks the third consecutive day of withdrawals for the BTC investment product. Over the past week, there has been an outflow of nearly $400 million from the fund.
Meanwhile, Binance has achieved a significant milestone in adopting cryptocurrencies in Latin America, with approval from the Brazilian central bank. The largest cryptocurrency exchange has been granted the status of a licensed broker, making it the first exchange to obtain this license in Brazil. This approval allows Binance to partner with Sim Paul, an investment platform based in Sรฃo Paulo, licensed as a broker-dealer and authorised to distribute securities and issue electronic money. This partnership will allow Binance to provide its services to Brazilian users and investors. Binance's latest regulatory approval came after it had obtained licenses in other countries such as Argentina, India, Kazakhstan, and Indonesia. These licenses demonstrate the company's commitment to complying with regulations and operating within the legal framework of each country.
BTCUSD has been trading sideways during Asian and early European trading hours. Today, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) report comes out at 3:00 p.m. UTC. A higher-than-expected number may trigger a bearish correction in BTCUSD, while softer data may support Bitcoin.
Sign Up Nowโก๏ธ https://tlt.ink/octa
Partner Codeโก๏ธ 3788810
Bitcoin (BTC) rose yesterday, gaining 2.67%. The iShares Bitcoin Trust (IBIT), managed by BlackRock, has experienced its largest daily outflow since its launch in 2024. Meanwhile, Binance has received its 21st regulatory approval worldwide in Brazil.
๐ Possible effects for traders
Bitcoin investors have withdrawn funds from the iShares Bitcoin Trust by BlackRock, marking a significant outflow from the fund. According to Thomas Fahrer, CEO of Apolloโa cryptocurrency market insights platform, the outflow amounted to over $330 million, equivalent to over 3,500 Bitcoins. The outflow follows the market closure on the New Year's holiday and marks the third consecutive day of withdrawals for the BTC investment product. Over the past week, there has been an outflow of nearly $400 million from the fund.
Meanwhile, Binance has achieved a significant milestone in adopting cryptocurrencies in Latin America, with approval from the Brazilian central bank. The largest cryptocurrency exchange has been granted the status of a licensed broker, making it the first exchange to obtain this license in Brazil. This approval allows Binance to partner with Sim Paul, an investment platform based in Sรฃo Paulo, licensed as a broker-dealer and authorised to distribute securities and issue electronic money. This partnership will allow Binance to provide its services to Brazilian users and investors. Binance's latest regulatory approval came after it had obtained licenses in other countries such as Argentina, India, Kazakhstan, and Indonesia. These licenses demonstrate the company's commitment to complying with regulations and operating within the legal framework of each country.
BTCUSD has been trading sideways during Asian and early European trading hours. Today, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) report comes out at 3:00 p.m. UTC. A higher-than-expected number may trigger a bearish correction in BTCUSD, while softer data may support Bitcoin.
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Technical My Tips
02 Jan, 17:41
New year, new trading goals! As we step into 2025, itโs time to level up your strategy and focus on growth. Whatโs your top trading resolution this year? Share your goals in the comments and letโs motivate each other to make 2025 a year of success!
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Technical My Tips
02 Jan, 15:31
๐น 2 JanuaryโManufacturing PMI. Influences USD, EUR, GBP, AUD, CAD pairs.
๐น 6 JanuaryโServices & Composite PMI. Influences USD, EUR, GBP, AUD, CAD, JPY pairs.
๐น 7 JanuaryโEU Flash Estimate Inflation.
๐น 8 JanuaryโAustralia CPI Inflation.
๐น 10 JanuaryโU.S. Employment Situation.
๐น 15 JanuaryโU.S. CPI Inflation.
๐น 15 JanuaryโU.K. Inflation.
๐น 16 JanuaryโU.K. GDP monthly estimate.
๐น 17 JanuaryโEU HICP Inflation.
๐น 20 JanuaryโU.S. Presidential inauguration.
๐น 21 JanuaryโCanada CPI Inflation.
๐น 22 JanuaryโNew Zealand CPI Inflation.
๐น 24 JanuaryโBoJ Key rate, CPI inflation.
๐น 24 JanuaryโFlash PMI. Influences USD, EUR, JPY, AUD, GBP pairs.
๐น 29 JanuaryโUS Key rate.
๐น 29 JanuaryโBoC Key rate.
๐น 29 JanuaryโAustralia CPI Inflation.
๐น 30 JanuaryโECB Key rate.
๐น 30 JanuaryโU.S. GDP.
๐น 30 JanuaryโEU Preliminary Flash Estimate GDP.
๐น 31 JanuaryโCanada GDP by Industry.
๐น 31 JanuaryโTokyo CPI Inflation.
#TradingCalendar
๐น 6 JanuaryโServices & Composite PMI. Influences USD, EUR, GBP, AUD, CAD, JPY pairs.
๐น 7 JanuaryโEU Flash Estimate Inflation.
๐น 8 JanuaryโAustralia CPI Inflation.
๐น 10 JanuaryโU.S. Employment Situation.
๐น 15 JanuaryโU.S. CPI Inflation.
๐น 15 JanuaryโU.K. Inflation.
๐น 16 JanuaryโU.K. GDP monthly estimate.
๐น 17 JanuaryโEU HICP Inflation.
๐น 20 JanuaryโU.S. Presidential inauguration.
๐น 21 JanuaryโCanada CPI Inflation.
๐น 22 JanuaryโNew Zealand CPI Inflation.
๐น 24 JanuaryโBoJ Key rate, CPI inflation.
๐น 24 JanuaryโFlash PMI. Influences USD, EUR, JPY, AUD, GBP pairs.
๐น 29 JanuaryโUS Key rate.
๐น 29 JanuaryโBoC Key rate.
๐น 29 JanuaryโAustralia CPI Inflation.
๐น 30 JanuaryโECB Key rate.
๐น 30 JanuaryโU.S. GDP.
๐น 30 JanuaryโEU Preliminary Flash Estimate GDP.
๐น 31 JanuaryโCanada GDP by Industry.
๐น 31 JanuaryโTokyo CPI Inflation.
#TradingCalendar
Technical My Tips
02 Jan, 15:30
Donโt miss out on the latest trading trends! Stay ahead of the curve, follow their lead, and capitalize on potential opportunities.
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Technical My Tips
02 Jan, 08:51
๐ Bullish trend in gold may continue further in 2025
Gold (XAU) rose during the last trading session of 2024, gaining 26% over the year. The rise was fueled by safe-haven demand and central banks' rate cuts. However, the market may become more cautious as the U.S. monetary policy may shift under the Donald Trump administration.
๐ Possible effects for traders
Market participants are awaiting economic data that could impact interest rate expectations for 2025. These include U.S. economic indicators and the potential effects of Trump's tariff policies. Traders expect the Federal Reserve (Fed) to take a cautious approach to rate cuts in 2025 as inflation remains above the 2% target. According to the CME's FedWatch Tool, the market is pricing in an 11.2% chance of a U.S. rate cut in January, with an 88.8% chance of no change.
Gold is expected to continue rising in 2025, supported by geopolitical uncertainty and a projected increase in U.S. government debt from the large fiscal deficit under Trump. Despite challenges, such as slower Fed rate cuts and a stronger U.S. dollar (USD), Kyle Rodda, financial market analyst at Capital.com, expects gold to maintain its bullish trend. Daan Struyven, commodities strategist at Goldman Sachs, forecasts gold could rise toward $3,000 due to stronger demand from central banks and a gradual increase in exchange-traded fund (ETF) holdings because of the Fed rate cuts.
XAUUSD continued its bullish movement during Asian and early European trading hours. Market participants are awaiting the U.S. Initial Jobless Claims report at 1:30 p.m. UTC. A higher-than-expected reading will support the bullish trend, while a lower reading may trigger a correction in gold.
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Gold (XAU) rose during the last trading session of 2024, gaining 26% over the year. The rise was fueled by safe-haven demand and central banks' rate cuts. However, the market may become more cautious as the U.S. monetary policy may shift under the Donald Trump administration.
๐ Possible effects for traders
Market participants are awaiting economic data that could impact interest rate expectations for 2025. These include U.S. economic indicators and the potential effects of Trump's tariff policies. Traders expect the Federal Reserve (Fed) to take a cautious approach to rate cuts in 2025 as inflation remains above the 2% target. According to the CME's FedWatch Tool, the market is pricing in an 11.2% chance of a U.S. rate cut in January, with an 88.8% chance of no change.
Gold is expected to continue rising in 2025, supported by geopolitical uncertainty and a projected increase in U.S. government debt from the large fiscal deficit under Trump. Despite challenges, such as slower Fed rate cuts and a stronger U.S. dollar (USD), Kyle Rodda, financial market analyst at Capital.com, expects gold to maintain its bullish trend. Daan Struyven, commodities strategist at Goldman Sachs, forecasts gold could rise toward $3,000 due to stronger demand from central banks and a gradual increase in exchange-traded fund (ETF) holdings because of the Fed rate cuts.
XAUUSD continued its bullish movement during Asian and early European trading hours. Market participants are awaiting the U.S. Initial Jobless Claims report at 1:30 p.m. UTC. A higher-than-expected reading will support the bullish trend, while a lower reading may trigger a correction in gold.
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Technical My Tips
02 Jan, 08:49
๐ The euro finishes the year at its lowest mark
The euro (EUR) traded bearish on Tuesday, finishing 2024 at its lowest point. Meanwhile, the U.S. dollar (USD) gained more than 6% last year as traders scaled back expectations for the magnitude of Federal Reserve (Fed) rate cuts in 2025.
๐ Possible effects for traders
In December, members of the Federal Open Market Committee (FOMC) reduced their interest rate cut forecast for 2025. They projected 50 basis points (bps) of rate cuts instead of the previously expected 100 bps due to persistent inflation and signs of strength in the labour market. This decision was based on the expectation that the policies of President-elect Donald Trumpโeasing regulations, reducing taxes, increasing tariffs, and tightening immigration rulesโwould promote economic growth and inflation, keeping U.S. interest rates high. Furthermore, concerns about slower growth in other major economies and geopolitical uncertainty enhanced the appeal of safe-haven assets such as the U.S. dollar.
EURUSD was under buying pressure during Asian and early European trading hours, trying to regain some previous losses. Today, traders will carefully monitor the U.S. Jobless Claims report at 1:30 p.m. UTC to better understand the current state of the U.S. labour market.
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The euro (EUR) traded bearish on Tuesday, finishing 2024 at its lowest point. Meanwhile, the U.S. dollar (USD) gained more than 6% last year as traders scaled back expectations for the magnitude of Federal Reserve (Fed) rate cuts in 2025.
๐ Possible effects for traders
In December, members of the Federal Open Market Committee (FOMC) reduced their interest rate cut forecast for 2025. They projected 50 basis points (bps) of rate cuts instead of the previously expected 100 bps due to persistent inflation and signs of strength in the labour market. This decision was based on the expectation that the policies of President-elect Donald Trumpโeasing regulations, reducing taxes, increasing tariffs, and tightening immigration rulesโwould promote economic growth and inflation, keeping U.S. interest rates high. Furthermore, concerns about slower growth in other major economies and geopolitical uncertainty enhanced the appeal of safe-haven assets such as the U.S. dollar.
EURUSD was under buying pressure during Asian and early European trading hours, trying to regain some previous losses. Today, traders will carefully monitor the U.S. Jobless Claims report at 1:30 p.m. UTC to better understand the current state of the U.S. labour market.
Learn moreโvisit our website
Partner Code
and start trading with Octa.
Technical My Tips
02 Jan, 08:30
๐ Where is the market headed in 2025? Here are the top sectors to watch:
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1๏ธโฃ Tech & AI ๐ค: The AI market is projected to reach $1.3 trillion by 2030, growing at a CAGR of 36.8%. From automation and robotics to personalized healthcare, companies like Nvidia, Microsoft, and Alphabet continue to lead the charge in AI innovation and adoption.
2๏ธโฃ Green Energy ๐ฑ: With global sustainability goals like net-zero emissions by 2050, the renewable energy market is expected to grow at 8.4% CAGR through 2030. Solar, wind, and EVs remain the focus, with leaders like Tesla, NextEra Energy, and emerging players in hydrogen tech driving innovation.
3๏ธโฃ Healthcare & Biotech ๐ฅ: The global healthcare market is set to hit $12 trillion by 2025, driven by aging populations and breakthroughs in medical technology. Biotech innovations, AI-driven diagnostics, and telemedicine are paving the way for growth.
4๏ธโฃ Crypto & Blockchain ๐: Despite volatility, blockchain is gaining momentum, with the global blockchain market expected to grow at 59.9% CAGR through 2030. Key players like Bitcoin, Ethereum, and DeFi applications are leading adoption across finance and supply chains.
5๏ธโฃ Consumer Goods & E-Commerce ๐๏ธ: E-commerce sales are projected to surpass $8 trillion globally by 2026, fueled by experiential retail, omnichannel strategies, and faster delivery innovations. Companies like Amazon, Alibaba, and Shopify are at the forefront of this evolution.
๐ฌ Which sector do you think will lead the charge in 2025? Drop your insights in the comments below!
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1๏ธโฃ Tech & AI ๐ค: The AI market is projected to reach $1.3 trillion by 2030, growing at a CAGR of 36.8%. From automation and robotics to personalized healthcare, companies like Nvidia, Microsoft, and Alphabet continue to lead the charge in AI innovation and adoption.
2๏ธโฃ Green Energy ๐ฑ: With global sustainability goals like net-zero emissions by 2050, the renewable energy market is expected to grow at 8.4% CAGR through 2030. Solar, wind, and EVs remain the focus, with leaders like Tesla, NextEra Energy, and emerging players in hydrogen tech driving innovation.
3๏ธโฃ Healthcare & Biotech ๐ฅ: The global healthcare market is set to hit $12 trillion by 2025, driven by aging populations and breakthroughs in medical technology. Biotech innovations, AI-driven diagnostics, and telemedicine are paving the way for growth.
4๏ธโฃ Crypto & Blockchain ๐: Despite volatility, blockchain is gaining momentum, with the global blockchain market expected to grow at 59.9% CAGR through 2030. Key players like Bitcoin, Ethereum, and DeFi applications are leading adoption across finance and supply chains.
5๏ธโฃ Consumer Goods & E-Commerce ๐๏ธ: E-commerce sales are projected to surpass $8 trillion globally by 2026, fueled by experiential retail, omnichannel strategies, and faster delivery innovations. Companies like Amazon, Alibaba, and Shopify are at the forefront of this evolution.
๐ฌ Which sector do you think will lead the charge in 2025? Drop your insights in the comments below!
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02 Jan, 08:26
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Technical My Tips
02 Jan, 08:22
From record-breaking highs to surprising lows, 2024 kept us all on our toes.
๐ฅ Who soared?
๐ Who stumbled?
Swipe through to see the biggest winners and losers of the year and let us know which trend caught your eye! ๐
#MarketRecap #TradingHighlights #Exness
๐ฅ Who soared?
๐ Who stumbled?
Swipe through to see the biggest winners and losers of the year and let us know which trend caught your eye! ๐
#MarketRecap #TradingHighlights #Exness
Technical My Tips
01 Jan, 17:29
On January 1, 1999, the euro was officially launched as a shared currency by 11 European countries, marking a significant milestone in economic and political integration. It was first adopted for electronic transactions and financial markets, with physical euro banknotes and coins introduced three years later in 2002.
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07 Dec, 16:31
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07 Dec, 16:20
Preparation helps navigate market shifts. Take time to study trends and adapt your strategies when needed.
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07 Dec, 09:24
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07 Dec, 09:21
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07 Dec, 09:19
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Technical My Tips
06 Dec, 09:02
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Technical My Tips
06 Dec, 08:55
๐ฅ BTCUSD broke above $100,000 but later retreated
Bitcoin (BTC) reached a new high yesterday, surpassing the $100,000 mark, driven by the appointment of a crypto-friendly chair for the U.S. Securities and Exchange Commission (SEC) by President-elect Donald Trump.
๐ Possible effects for traders
Trump has selected Paul Atkins to succeed Gary Gensler, who implemented stringent regulations on digital assets. The President has promised to appoint regulators who are more accommodating to the digital asset industry and support the idea of making a strategic reserve in Bitcoin. Paul Atkins, a proven leader in implementing sensible regulations, believes in the potential of robust and innovative capital markets catering to investors' needs and providing capital to fuel the economy, said Trump on his Truth Social platform. Dan Gallagher, legal chief of Robinhood Inc., has welcomed Atkins' appointment, describing him as the ideal candidate. Atkins is a strong supporter of digital assets, making his appointment a positive development for digital currencies.
Later on Thursday, the price of Bitcoin dropped significantly, falling from its all-time high below $94,000 and then rebounding slightly towards around $97,000. This was in line with the overall performance of U.S. stock markets, as the Dow Jones lost more than 0.5%, and both S&P and NASDAQ lowered. MicroStrategyโthe largest institutional investor in Bitcoinโlost approximately 5%. Many market participants believe that the true test for the recent rally in Bitcoin will occur when risk aversion increases and investors will shift towards safer assets, leading to a correction in stock prices. A Bloomberg report indicated that there has been an increase in demand for Bitcoin options, suggesting investors are seeking to secure some profits in case of a crypto market downturn. The report states that puts with strike prices of $95,000 and $100,000 currently have the highest number of open positions. Additionally, there has also been an increase in interest in puts with lower strike prices, such as $75,000 and $70,000.
BTCUSD recovered during Asian and early European trading hours from yesterday's decline. Today, market participants will wait for the U.S. nonfarm payrolls report at 1:30 p.m. UTC. Higher employment numbers will put some pressure on BTCUSD, while weak labour data will favour the uptrend in the pair.
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Bitcoin (BTC) reached a new high yesterday, surpassing the $100,000 mark, driven by the appointment of a crypto-friendly chair for the U.S. Securities and Exchange Commission (SEC) by President-elect Donald Trump.
๐ Possible effects for traders
Trump has selected Paul Atkins to succeed Gary Gensler, who implemented stringent regulations on digital assets. The President has promised to appoint regulators who are more accommodating to the digital asset industry and support the idea of making a strategic reserve in Bitcoin. Paul Atkins, a proven leader in implementing sensible regulations, believes in the potential of robust and innovative capital markets catering to investors' needs and providing capital to fuel the economy, said Trump on his Truth Social platform. Dan Gallagher, legal chief of Robinhood Inc., has welcomed Atkins' appointment, describing him as the ideal candidate. Atkins is a strong supporter of digital assets, making his appointment a positive development for digital currencies.
Later on Thursday, the price of Bitcoin dropped significantly, falling from its all-time high below $94,000 and then rebounding slightly towards around $97,000. This was in line with the overall performance of U.S. stock markets, as the Dow Jones lost more than 0.5%, and both S&P and NASDAQ lowered. MicroStrategyโthe largest institutional investor in Bitcoinโlost approximately 5%. Many market participants believe that the true test for the recent rally in Bitcoin will occur when risk aversion increases and investors will shift towards safer assets, leading to a correction in stock prices. A Bloomberg report indicated that there has been an increase in demand for Bitcoin options, suggesting investors are seeking to secure some profits in case of a crypto market downturn. The report states that puts with strike prices of $95,000 and $100,000 currently have the highest number of open positions. Additionally, there has also been an increase in interest in puts with lower strike prices, such as $75,000 and $70,000.
BTCUSD recovered during Asian and early European trading hours from yesterday's decline. Today, market participants will wait for the U.S. nonfarm payrolls report at 1:30 p.m. UTC. Higher employment numbers will put some pressure on BTCUSD, while weak labour data will favour the uptrend in the pair.
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Technical My Tips
06 Dec, 08:54
Gold (XAU) declined by 0.67% on Thursday as traders repositioned ahead of the U.S. nonfarm payroll (NFP) report.
๐ Possible effects for traders
Yesterday's U.S. Weekly Jobless Claims figures were higher than expected, suggesting that the labour market continued to cool, albeit slowly. The U.S. Dollar Index (DXY) weakened immediately after the data release, but gold struggled to find support. โWe're in a period of stagnation, some range bound activity at the moment, searching for that next piece of data or that next stimuli that could push gold out of this rangeโ, said David Meger, director of metals trading at High Ridge Futures. Fundamentally, gold remains in a major uptrend as geopolitical uncertainty spurs safe-haven demand, while global central banks remain focused on cutting interest rates. The market currently prices in more than a 70% chance of a 25-basis-point (bps) rate reduction by the Federal Reserve (Fed) in December. Gold, which offers no yield, usually performs well in a low-interest-rate environment.
XAUUSD was falling noticeably during the Asian and early European trading sessions but managed to recover by the early European trading session. Today, investors will monitor the U.S. NFP report due at 1:30 p.m. UTC. Given its potential to influence interest rate expectations and investors' sentiment, we expect sharp price movements in XAUUSD. The forecast is for the number of jobs created to increase by 200,000 in November and hourly earnings to grow by 3.9% annually. โA robust NFP number is more or less priced in, and if we see weakness in the report, it could add some support to gold pricesโ, said Ole Hansen, head of commodity strategy at Saxo Bank. If the NFP report reveals stronger-than-expected figures, XAUUSD may pull back noticeably.
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Technical My Tips
06 Dec, 08:54
On Thursday, the euro (EUR) gained 0.72% against the U.S. dollar (USD) after the worse-than-expected U.S. Weekly Jobless Claims report pushed the greenback lower.
๐ Possible effects for traders
Michel Barnier, Prime Minister of France, officially resigned a day after opposition lawmakers voted to oust his government. In his address to the nation, French President Emmanuel Macron said he would name a successor to Barnier in the coming days and stressed that the 2025 budget will be his top priority. A genuine desire by Macron to swiftly appoint a new prime minister and find a quick way out of the political impasse reassured the investors. โThe market is looking at the financial implications of the French government's collapse. The takeaway seems to be that it's not as impactful to the spending plans as initially thought, and that's keeping the euro alive. However, we got two large economies within the eurozone with struggling governments: France and Germany and analysts are concerned about the euro, and they have already lowered their projections as a resultโ, said Amo Sahota, executive director at FX consulting firm Klarity FX.
Overall, the outlook for the eurozone economy remains rather gloomy, even as yesterday's German factory orders were substantially higher than expected. A recent Bloomberg survey showed that economists expect the European Central Bank (ECB) to cut interest rates more rapidly than previously expected to support the struggling economy.
EURUSD was falling during the Asian and early European trading sessions. Today's key event is the release of the highly anticipated U.S. nonfarm payroll (NFP) report at 1:30 p.m. UTC. The market expects to see 200,000 new jobs added. If the figures are lower than expected, EURUSD may rally strongly, possibly above the important 1.06440 level. Otherwise, the pair may drop towards 1.05320.
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Technical My Tips
05 Dec, 08:58
๐ Bitcoin has done it! On Dec 5th, 2024, BTC surpassed $100K for the first time, proving its resilience and adoption. ๐ ๐ ๐
Technical My Tips
05 Dec, 08:55
Gold (XAU) gained 0.24% yesterday after a report showed private sector hiring fell more than expected last month.
๐ Possible effects for traders
The ADP Employment Change report released on Wednesday revealed that the private sector added 146,000 jobs in November, down from 233,000 in the previous month. This data weakened the U.S. dollar (USD), with the U.S. Dollar Index (DXY) decreasing towards 106.190. Furthermore, expectations of lower U.S. interest rates support gold, as the Federal Reserve (Fed) is expected to cut rates by 25 basis points later this month and continue reducing rates in 2025. Yesterday, Fed Chair Jerome Powell stated that officials will proceed with caution as they continue to lower rates while highlighting the strength of the U.S. economy. โOur baseline scenario for 2025 is for gold to initially face pressure from a strengthening U.S. dollar but to be supported by increased physical buying and steady demand from the official sector. After that, we anticipate a renewed boost from investors as the FOMC brings rates down towards 4%โ, said Marcus Garvey, head of commodities strategy at Macquarie.
In the meantime, the metal market continued to benefit from its safe haven status amidst global geopolitical tensions. Gold gains from political instability in South Korea and France, the ongoing conflict between Russia and Ukraine, and the potential escalating tensions between Israel and Lebanon if the ceasefire with Hezbollah is breached.
XAUUSD was growing during the Asian and early European trading hours. Today, the U.S. Jobless Claims report data will be released at 1:30 p.m. UTC. A higher-than-expected reading will be positive for gold, while strong labour data may trigger a correction in the precious metal.
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Technical My Tips
05 Dec, 08:55
The euro (EUR) moved within a narrow range of 1.04720โ1.05440 against the U.S. dollar (USD) yesterday but finished the day essentially unchanged.
๐ Possible effects for traders
As the market expected, the French government collapsed following a no-confidence vote by opposition lawmakers against Prime Minister Michel Barnier. Barnier is now expected to tender his and his government to President Emmanuel Macron. โAt this point, it really becomes a question of how much worse the situation gets from hereโ, said Eugene Epstein, head of trading and structured products at Moneycorp. Reuters reported that French President Emmanuel Macron aims to install a new prime minister quickly. Still, Barnier's removal deepens the political crisis in the eurozone's second-largest economy and could further weigh down on the euro.
Investors also digested comments from European Central Bank (ECB) President Christine Lagarde in a parliamentary hearing on Wednesday. She said the ECB would continue to lower rates but didn't commit to any pace of easing. Meanwhile, the latest data pained a somewhat mixed picture of the U.S. economy. On the one hand, the labour market appears to be in relatively good shape, with the ADP Nonfarm Payroll report aligning with expectations. On the other hand, the ISM Services Index was much weaker than expected. Nonetheless, the U.S. economy's outlook remains favourable. The Federal Reserve's (Fed) Beige Book report on Wednesday showed that businesses were optimistic that demand would rise in the months ahead.
EURUSD was rising during the Asian and early European trading sessions. Today, volatility may subside, given that traders may prefer to refrain from entering large positions ahead of tomorrow's nonfarm payroll report. Still, today's U.S. Weekly Jobless Claims report, due at 1:30 p.m. UTC, may trigger notable fluctuations in all USD pairs. Higher-than-expected figures may lift the euro slightly, but the 1.06000 level will likely remain intact. Lower-than-expected results may push EURUSD below 1.05000 again.
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Technical My Tips
05 Dec, 08:54
USDCAD movements slowed as investors continued to bet on an interest rate cut by the Federal Reserve (Fed) this month.
๐ Possible effects for traders
Jerome Powell, Fed Chairman, stated yesterday that the U.S. economy is in a better state than was thought in September when the central bank reduced interest rates. This allows policymakers to be more cautious about future adjustments to the base rate. Still, Powell's comments haven't significantly changed market expectations that the Fed will likely reduce rates at the 18 December meeting, notes Sal Guatieri, a senior economist at BMO Capital Markets.
Meanwhile, Canadian service sector activity grew for the second consecutive month in November, with firms increasing their workforce, according to S&P Global Purchasing Managers' Index (PMI) data. The headline business activity index rose towards 51.2 from 50.4 in October. At the same time, the price of oil, an important Canadian export, decreased by 2% towards $68.54 per barrel as traders awaited a decision from OPEC+. However, investors expect the Bank of Canada to maintain its accommodative monetary policy at the upcoming meeting, with a high chance of another significant reduction of 50 basis points.
The pair was moving sideways during Asian and early European trading hours. Today, the U.S. Jobless Claims report at 1:30 p.m. UTC and Canadian Ivey PMI at 3:00 p.m. UTC will affect USDCAD. Tomorrow, the Canadian Unemployment Rate will come out at 1:30 p.m. UTC. Higher-than-expected data may push the pair towards new highs, while lower data may trigger a downward correction.
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Technical My Tips
05 Dec, 05:33
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05 Dec, 05:33
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05 Dec, 05:32
The STARC Bands approach is a tool that combines two essential indicators: the Simple Moving Average and the Average True Range. Hereโs what you need to know:
๐ What Are STARC Bands?
STARC Bands consist of a middle line (Simple Moving Average) and two outer bands that indicate potential price movement. This channel helps you identify optimal entry and exit points for trades.
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๐ How to Use the STARC Bands Strategy
๐ Uptrend: Consider a BUY when the price approaches the lower band and sell when it nears the upper band.
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๐ก Indicator Setup
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๐ฉ Risk Warning: CFDs are complex instruments and entail a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
๐ What Are STARC Bands?
STARC Bands consist of a middle line (Simple Moving Average) and two outer bands that indicate potential price movement. This channel helps you identify optimal entry and exit points for trades.
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๐ How to Use the STARC Bands Strategy
๐ Uptrend: Consider a BUY when the price approaches the lower band and sell when it nears the upper band.
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๐ก Indicator Setup
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Technical My Tips
05 Dec, 05:27
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Technical My Tips
02 Dec, 11:12
New Video Out
Must Watch ๐
Technical My Tips
02 Dec, 11:10
GBPUSD, 1-hour timeframe chart
GBPUSD retested the support level of 1.26790
๐Level explanation
GBPUSD has been under buying pressure within the last couple of hours. The pair moved down to the support level of 1.26790.
๐Possible scenario
The best way to use this opportunity is to place a Buy order at 1.27055.
Set your stop loss at 1.26705 below the previous low ($3.50 loss for 0.01 lot) and take profit at 1.27405 ($3.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
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GBPUSD retested the support level of 1.26790
๐Level explanation
GBPUSD has been under buying pressure within the last couple of hours. The pair moved down to the support level of 1.26790.
๐Possible scenario
The best way to use this opportunity is to place a Buy order at 1.27055.
Set your stop loss at 1.26705 below the previous low ($3.50 loss for 0.01 lot) and take profit at 1.27405 ($3.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Partner Code
Technical My Tips
02 Dec, 09:47
Trading strategies might feel complex, but donโt let them intimidate you! Learn the basics and build your confidence one step at a time. Every pro trader started somewhere.
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Technical My Tips
02 Dec, 09:37
๐๏ธ *These are the biggest events to watch this week:*
The ISM mfg and non-mfg PMI data will be followed by the all-important NFP report, with positive surprises having the potential to increase the likelihood of a Fed pause in December.
In Australia, upbeat GDP numbers could corroborate the case for the RBA to start lowering interest rates well after the turn of the year.
Canadaโs employment data could prove decisive on whether the BoC will proceed with a 25bps or a 50bps rate reduction at its upcoming gathering.
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The ISM mfg and non-mfg PMI data will be followed by the all-important NFP report, with positive surprises having the potential to increase the likelihood of a Fed pause in December.
In Australia, upbeat GDP numbers could corroborate the case for the RBA to start lowering interest rates well after the turn of the year.
Canadaโs employment data could prove decisive on whether the BoC will proceed with a 25bps or a 50bps rate reduction at its upcoming gathering.
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Technical My Tips
02 Dec, 09:36
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Technical My Tips
01 Dec, 08:51
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01 Dec, 08:49
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Technical My Tips
01 Dec, 08:48
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Technical My Tips
01 Dec, 05:44
Sunday Ki Study๐
Learn all about recognizing common candlestick patterns ๐
Understanding these formations is key to decoding market psychology, anticipating trends, and gaining insights ๐ฅ
Do let us know by reacting ๐ if you found this information useful.
Disclaimer: The information provided is for educational purposes only and is not intended as financial or investment advice.
Candlestick patterns are a tool for understanding market trends, but they do not guarantee future market behaviour. For a comprehensive understanding.
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Learn all about recognizing common candlestick patterns ๐
Understanding these formations is key to decoding market psychology, anticipating trends, and gaining insights ๐ฅ
Do let us know by reacting ๐ if you found this information useful.
Disclaimer: The information provided is for educational purposes only and is not intended as financial or investment advice.
Candlestick patterns are a tool for understanding market trends, but they do not guarantee future market behaviour. For a comprehensive understanding.
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Technical My Tips
30 Nov, 13:09
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Technical My Tips
30 Nov, 10:23
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29 Nov, 15:05
Given the Thanksgiving holiday in the U.S., gold (XAU) moved within a narrow range yesterday. XAUUSD rose only by 0.06%.
๐ Possible effects for traders
Geopolitical risks and fears of a trade war continue to support the price of gold as a safe haven asset. Russian President Vladimir Putin said that Russia might use its new hypersonic missile to attack decision-making centres in Ukraine in response to the launch of Western missiles on its territory. Also, U.S. President-elect Donald Trump promised earlier this week that tariffs would be imposed on all goods from Canada, Mexico, and China, which could provoke trade wars. Investors appear convinced that Trump's policies will lead to higher inflation.
Meanwhile, the U.S. Dollar Index (DXY) has been decreasing throughout the week in anticipation of prospects for further Federal Reserve (Fed) rate cuts, which is another factor supporting gold price growth. However, the U.S. Personal Consumption Expenditure (PCE) Price Index figures indicated a slowing in disinflation, suggesting that the Fed may slow its rate-cutting cycle.
XAUUSD broke above the resistance level of $2,650 and began to grow during the Asian session. Now, the pair may rise towards the next resistance at $2,700. However, it may test $2,650 again before continuing to grow further.
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Technical My Tips
29 Nov, 15:05
The euro (EUR) lost 0.1% against the U.S. dollar (USD) during a rather quiet trading session on Thursday.
๐ Possible effects for traders
The EURUSD exchange rate didn't change significantly yesterday, given the reduced trading volume on U.S. markets due to a Thanksgiving holiday. Overall, the fundamental outlook for the pair is rather mixed. A lot of bearish factors have already been priced in, but investors still continue to lack strong reasons to invest in the euro. German annual inflation remained unchanged in November, contrary to forecasts of a second consecutive uptick. Political uncertainty in Germany, with federal elections scheduled for February 2025, and Franch, with a coalition government struggling to pass a budget, are putting more downward pressure on EURUSD.
Conversely, the recent hawkish commentary from Isabel Schnabel, a member of the Executive Board of the European Central Bank (ECB), advocating for a gradual reduction in interest rates, has induced investors to temper their expectations of more aggressive rate cuts. Money markets now see only a 13% chance of a larger 50-basis-point (bps) rate cut by the ECB in December, whereas a 25-bps move is fully priced in.
EURUSD was rising during the Asian and early European trading sessions. Today, traders should focus on the eurozone Consumer Price Index (CPI) report due at 10:00 a.m. UTC. It could offer hints on the ECB's next steps. โToday's macro data releases in the eurozone should encourage the ECB hawks to object to a 50bp rate cut in Decemberโ, said Carsten Brzeski, global head of macro at ING. If CPI figures are higher than expected, EURUSD may break above the 1.06100 level. However, lower-than-expected results may push the pair below 1.05000.
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Technical My Tips
29 Nov, 15:04
Bitcoin (BTC) has been trading sideways in a range of $92,000โ100,000 throughout the entire week, gaining 4% on Wednesday.
๐ Possible effects for traders
The Japanese investment company Metaplanet, also known as โJapanese Microstrategyโ, plans to raise $62 million to purchase more Bitcoins. The company plans to raise funds through the issuance of debt securities. According to a statement from the company, this latest round of investment will increase their holdings to 1,794 coins. In November, the company already announced its intention to invest $11.3 million in Bitcoin purchases.
The TON Foundation has announced the launch of tokenised Bitcoin, tgBTC. This token will introduce Bitcoin's liquidity to the TON blockchain. The details of the project are outlined in the white paper for the TON Teleport BTC initiative. TON Teleport BTC acts as a cross-chain bridge, allowing users to send Bitcoin directly to the TON network and vice versa. This provides access to exchanges, lending platforms, and decentralised applications for users. TgBTC will enhance liquidity and facilitate crypto transactions. Owners can earn income from decentralised finance (DeFi) platforms and benefit from reduced transaction fees. The project aims to enhance security and transparency by integrating Bitcoin into the TON ecosystem.
BTCUSD has been trading sideways during Asian and early European trading hours. No important news that can influence the price dynamics is expected today. The analysts project the price to continue moving within the established range.
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Technical My Tips
29 Nov, 07:17
1.
Partner Code: 14582571
2. After Registration Complete Full Process Of Account Verification.
3. After Verification DM
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Technical My Tips
29 Nov, 07:16
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28 Nov, 16:51
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Technical My Tips
28 Nov, 15:59
Beginners' guide!
Here are five tips for safe trading. Share them with a friend who starts on their trading path.
Learn the market basics. Start by understanding the fundamentals of the markets. Know what drives asset prices and how market events affect your trading assets.
Practice on a demo account. This gives you a chance to familiarise yourself with the platform, learn the ropes, and refine your strategies without financial risk.
Limit exposure to 5% of your deposit. Never risk more than 5% of your total deposit on any trade. This way, even if a trade goes wrong, you won't lose your entire account.
Diversify your portfolio. This reduces risk and makes your portfolio more resilient.
Commit to continuous learning. The financial markets are always changing. Stay up-to-date with market news, attend webinars, and continuously study new strategies to stay ahead.
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Here are five tips for safe trading. Share them with a friend who starts on their trading path.
Learn the market basics. Start by understanding the fundamentals of the markets. Know what drives asset prices and how market events affect your trading assets.
Practice on a demo account. This gives you a chance to familiarise yourself with the platform, learn the ropes, and refine your strategies without financial risk.
Limit exposure to 5% of your deposit. Never risk more than 5% of your total deposit on any trade. This way, even if a trade goes wrong, you won't lose your entire account.
Diversify your portfolio. This reduces risk and makes your portfolio more resilient.
Commit to continuous learning. The financial markets are always changing. Stay up-to-date with market news, attend webinars, and continuously study new strategies to stay ahead.
#TipsForBeginners #TradingEducation #StartTrading #ForexForBeginners #Forex101
Technical My Tips
28 Nov, 10:16
๐To our clients and supporters,
Register here: https://tlt.ink/Iqoption
Thank you so much for the birthday wishes! We're incredibly grateful for your continued support and excited to keep growing with you. Hereโs to many more years ahead! ๐ฅ๐
#IQOption #marketnews #cfdtrading #finance #cfds #IQOption11Years
***
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๐ฉ Risk Warning: CFDs are complex instruments and entail a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Register here: https://tlt.ink/Iqoption
Thank you so much for the birthday wishes! We're incredibly grateful for your continued support and excited to keep growing with you. Hereโs to many more years ahead! ๐ฅ๐
#IQOption #marketnews #cfdtrading #finance #cfds #IQOption11Years
***
๐ We offer CFDs.
๐ฉ Risk Warning: CFDs are complex instruments and entail a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Technical My Tips
28 Nov, 09:56
๐ฝ Ceasefire and rate cut expectations weigh down on gold
Gold (XAU) rose by a mere 0.12% yesterday, reaching near the upper border of the $2,600โ2,650 range and falling after testing it.
๐ Possible effects for traders
The XAUUSD decline was largely driven by news of a ceasefire between Israel and Hezbollah, reducing demand for safe haven assets. However, the overall decline wasn't as deep as it could be because the U.S. dollar retreated from recent highs, and traders still hoped for an interest rate reduction in December. Yesterday, data on the Personal Consumption Expenditures (PCE) Price Index data, a preferred Federal Reserve's (Fed) measure of inflation, showed growth exceeding the central bank's 2% annual target, as expected. U.S. Gross Domestic Product (GDP) data for Q3 also showed steady growth.
The lack of success in returning inflation to the Federal Reserve's 2% target and the potential for higher tariffs on imported goods could limit the scope for interest rate reductions next year. Nevertheless, many still anticipate the Fed will lower interest rates for a third time this year in December. Officials are divided on how much more rate cuts may be needed. โWe continue to expect the FOMC to cut the Funds rate by 25 basis points at its December meetingโ, said economist Kristina Clifton at the Commonwealth Bank of Australia. According to LSEG data, traders price in a 65% chance of a rate cut next month and expect a total reduction of 75 basis points by the end of 2025.
During the Asian trading session, XAUUSD continued to decline. Today, the U.S. celebrates Thanksgiving, and exchanges are closed. Thus, volatility in the market is expected to be low, and XAUUSD will likely move in the already established trend. The pair is unlikely to break out of the $2,600โ2,650 range.
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Gold (XAU) rose by a mere 0.12% yesterday, reaching near the upper border of the $2,600โ2,650 range and falling after testing it.
๐ Possible effects for traders
The XAUUSD decline was largely driven by news of a ceasefire between Israel and Hezbollah, reducing demand for safe haven assets. However, the overall decline wasn't as deep as it could be because the U.S. dollar retreated from recent highs, and traders still hoped for an interest rate reduction in December. Yesterday, data on the Personal Consumption Expenditures (PCE) Price Index data, a preferred Federal Reserve's (Fed) measure of inflation, showed growth exceeding the central bank's 2% annual target, as expected. U.S. Gross Domestic Product (GDP) data for Q3 also showed steady growth.
The lack of success in returning inflation to the Federal Reserve's 2% target and the potential for higher tariffs on imported goods could limit the scope for interest rate reductions next year. Nevertheless, many still anticipate the Fed will lower interest rates for a third time this year in December. Officials are divided on how much more rate cuts may be needed. โWe continue to expect the FOMC to cut the Funds rate by 25 basis points at its December meetingโ, said economist Kristina Clifton at the Commonwealth Bank of Australia. According to LSEG data, traders price in a 65% chance of a rate cut next month and expect a total reduction of 75 basis points by the end of 2025.
During the Asian trading session, XAUUSD continued to decline. Today, the U.S. celebrates Thanksgiving, and exchanges are closed. Thus, volatility in the market is expected to be low, and XAUUSD will likely move in the already established trend. The pair is unlikely to break out of the $2,600โ2,650 range.
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Technical My Tips
28 Nov, 09:54
๐ฝ Euro climbs as market digests U.S. data, but the rise remains limited
The euro (EUR) gained 0.74% against the U.S. dollar (USD) on Wednesday despite positive U.S. economic data.
๐ Possible effects for traders
After hitting a two-year low on 22 November, EURUSD has been attempting to recover. However, the pair has been unable to break above the critical resistance level of 1.05720โ1.06100. Investors now lack strong fundamental reasons to buy the euro. The most recent U.S. macro dataโ Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Price Index, and Pending Home Sales dataโunderscored U.S. economic resilience, supporting the U.S. dollar (USD). In addition, investors continue to price in the possibility of a tariff war that President-elect Donald Trump may potentially start once he assumes office on 20 January.
Meanwhile, the latest eurozone statistics once again painted a bleak picture of the region's economic health. German Gfk Consumer Climate Indicator fell to a seven-month low, suggesting that inflation may continue to fall, allowing the European Central Bank (ECB) to cut the rates further. The market currently prices in more than a 50% chance that the eurozone base rate will drop towards just 2.5% by February 2025. At the same time, there is almost a 60% chance that the Federal Reserve (Fed) would maintain its rates in the range of 4.25โ4.5% over the same period.
EURUSD was falling during the Asian and early European trading sessions. Today, Germany will release its preliminary inflation figures. States' data will be released at 9:00 a.m. UTC, with harmonised federal data published at 1:00 p.m. UTC. If the report indicates a continuing slowdown in eurozone inflation, EURUSD may drop towards 1.05000 again. The overall Forex market volatility may be below average due to the U.S. Thanksgiving holiday.
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The euro (EUR) gained 0.74% against the U.S. dollar (USD) on Wednesday despite positive U.S. economic data.
๐ Possible effects for traders
After hitting a two-year low on 22 November, EURUSD has been attempting to recover. However, the pair has been unable to break above the critical resistance level of 1.05720โ1.06100. Investors now lack strong fundamental reasons to buy the euro. The most recent U.S. macro dataโ Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Price Index, and Pending Home Sales dataโunderscored U.S. economic resilience, supporting the U.S. dollar (USD). In addition, investors continue to price in the possibility of a tariff war that President-elect Donald Trump may potentially start once he assumes office on 20 January.
Meanwhile, the latest eurozone statistics once again painted a bleak picture of the region's economic health. German Gfk Consumer Climate Indicator fell to a seven-month low, suggesting that inflation may continue to fall, allowing the European Central Bank (ECB) to cut the rates further. The market currently prices in more than a 50% chance that the eurozone base rate will drop towards just 2.5% by February 2025. At the same time, there is almost a 60% chance that the Federal Reserve (Fed) would maintain its rates in the range of 4.25โ4.5% over the same period.
EURUSD was falling during the Asian and early European trading sessions. Today, Germany will release its preliminary inflation figures. States' data will be released at 9:00 a.m. UTC, with harmonised federal data published at 1:00 p.m. UTC. If the report indicates a continuing slowdown in eurozone inflation, EURUSD may drop towards 1.05000 again. The overall Forex market volatility may be below average due to the U.S. Thanksgiving holiday.
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Technical My Tips
28 Nov, 09:52
๐ฝ USDCAD declines ahead of key GDP data
The Canadian dollar (CAD) gained 0.17% against the U.S. dollar (USD) on Wednesday, defying recent weakness, as investors grew optimistic about avoiding a trade war with the U.S.
๐ Possible effects for traders
Investors speculate that there might be a negotiated solution to U.S. trade threats and expect the upcoming Canadian Gross Domestic Product (GDP) data to come out stronger than expected. The optimism allowed CAD to recover from its 4.5-year low against the greenback. On Tuesday, the currency touched its lowest intraday level since April 2020 at 1.4177 after U.S. President-elect Donald Trump said he would impose a 25% tariff on imports from Canada and Mexico. โTargeting both countries suggests the threat was likely a strategic opening move in renegotiating the existing free trade agreement between the three nations. The price action following Trump's remarks supports this view, with an initial knee-jerk sell-off giving way to a recovery as investors anticipate a negotiated outcomeโ, said Tony Valente, a senior FX dealer at AscendantFX. Still, the potential imposition of U.S. tariffs on Canadian crude oil imports could force its producers to lower their prices and redirect their supply to Asian markets.
Meanwhile, Canada's upcoming Q3 GDP data, scheduled for release on Friday, could provide insights into the Bank of Canada's (BOC) future monetary policy decisions. Economists predict GDP will expand at an annualised rate of 1%, but traders hope to see a higher figure. Coupled with recent inflationary pressures, this could lead to a reassessment of the likelihood of another substantial interest rate cut in the coming month.
USDCAD was essentially unchanged during the Asian and early European trading sessions. Traders will likely refrain from initiating big positions in USDCAD ahead of tomorrow's GDP report. Furthermore, volatility in the Forex market can be low due to the Thanksgiving holiday in the U.S.
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Partner Codeโก๏ธ 3788810
The Canadian dollar (CAD) gained 0.17% against the U.S. dollar (USD) on Wednesday, defying recent weakness, as investors grew optimistic about avoiding a trade war with the U.S.
๐ Possible effects for traders
Investors speculate that there might be a negotiated solution to U.S. trade threats and expect the upcoming Canadian Gross Domestic Product (GDP) data to come out stronger than expected. The optimism allowed CAD to recover from its 4.5-year low against the greenback. On Tuesday, the currency touched its lowest intraday level since April 2020 at 1.4177 after U.S. President-elect Donald Trump said he would impose a 25% tariff on imports from Canada and Mexico. โTargeting both countries suggests the threat was likely a strategic opening move in renegotiating the existing free trade agreement between the three nations. The price action following Trump's remarks supports this view, with an initial knee-jerk sell-off giving way to a recovery as investors anticipate a negotiated outcomeโ, said Tony Valente, a senior FX dealer at AscendantFX. Still, the potential imposition of U.S. tariffs on Canadian crude oil imports could force its producers to lower their prices and redirect their supply to Asian markets.
Meanwhile, Canada's upcoming Q3 GDP data, scheduled for release on Friday, could provide insights into the Bank of Canada's (BOC) future monetary policy decisions. Economists predict GDP will expand at an annualised rate of 1%, but traders hope to see a higher figure. Coupled with recent inflationary pressures, this could lead to a reassessment of the likelihood of another substantial interest rate cut in the coming month.
USDCAD was essentially unchanged during the Asian and early European trading sessions. Traders will likely refrain from initiating big positions in USDCAD ahead of tomorrow's GDP report. Furthermore, volatility in the Forex market can be low due to the Thanksgiving holiday in the U.S.
Partner Code
Technical My Tips
28 Nov, 06:43
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Technical My Tips
28 Nov, 06:40
1.
Partner Code: 14582571
2. After Registration Complete Full Process Of Account Verification.
3. After Verification DM
NOTE: IF YOU ARE ALREADY REGISTERED THRU MY LINK WITH VERIFIED ACCOUNT THEN DM
Technical My Tips
28 Nov, 06:39
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28 Nov, 06:39
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28 Nov, 05:58
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Up ๐
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Technical My Tips
27 Nov, 08:24
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27 Nov, 07:11
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27 Nov, 07:10
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27 Nov, 07:10
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26 Nov, 10:54
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26 Nov, 08:08
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Technical My Tips
22 Nov, 17:56
Bollinger Bands is your go-to tool for spotting market volatility! Three lines โ a simple moving average (SMA) in the middle, plus upper and lower bands โ help gauge price movement. Wider bands = high volatility, narrow bands = steady markets. Master them for smarter trades!
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Technical My Tips
22 Nov, 17:53
Trading is like a puzzleโeach asset class, each instrument contributes to the bigger picture. Take the time to understand them.
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Technical My Tips
21 Nov, 14:18
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21 Nov, 11:34
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Technical My Tips
21 Nov, 10:13
Today at 1 p.m. UTC, the South African Reserve Bank lowered the interest rate from 8% to 7.75%, indicating negative expectations for the ZAR and the South African economy. This is a second decline in a row after the previous decision to cut the rate by 25 basis points on 19 September.
The reason for the rate cut is a wish of the authorities to constrain inflation. However, analysts forecast that the interest rate will be lowered even further, which is a dovish sign for the currency.
The Monetary Policy Committee of the Bank is responsible for defining the interest rate in the country. This is the rate upon which the central bank loans money to commercial banks.
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The reason for the rate cut is a wish of the authorities to constrain inflation. However, analysts forecast that the interest rate will be lowered even further, which is a dovish sign for the currency.
The Monetary Policy Committee of the Bank is responsible for defining the interest rate in the country. This is the rate upon which the central bank loans money to commercial banks.
#forexnews #ZAR #southafricaza #Trading #Forex #MarketUpdates
Technical My Tips
21 Nov, 08:35
Gold (XAU) has been rising for three consecutive days, gaining 0.69% yesterday.
๐ Possible effects for traders
Geopolitical risks linked to the Russia-Ukraine conflict remain a key driver of gold's upward trend. Tensions escalated when Ukraine got permission to use long-range missiles, and, in response, Russian President Vladimir Putin lowered the nuclear strike threshold, boosting demand for gold. A weaker U.S. dollar (USD) further supported the bullish trend in XAUUSD.
In the U.S., investor sentiment suggests that expansionary policies proposed by President-elect Donald Trump may lead to increased inflation and force the Federal Reserve (Fed) to stop reducing interest rates. A member of the Fed Board of Governors, Lisa Cook, warned that a slowdown in inflation decline could lead to a pause in further rate reductions. Another Fed member, Michelle Bowman, said that progress in combating inflation has slowed and that the central bank should adopt a cautious approach to monetary policy. According to CME Group's FedWatch Tool, there is a 50% chance that the Fed won't reduce interest rates in December.
XAUUSD was testing the $2,650 resistance level and continued rising during the Asian session, reaching a 1.5-week high. If the pair manages to hold above the resistance, it could rise further towards $2,700 or higher. Alternatively, if the price pulls back from the resistance, a sideways movement may be expected.
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Technical My Tips
21 Nov, 08:34
The euro (EUR) lost 0.49% against the U.S. dollar (USD) on Wednesday as the U.S. Dollar Index (DXY) renewed its post-election rally after a three-session decline.
๐ Possible effects for traders
Overall, EURUSD is down more than 3.5% as the U.S. presidential election prompted investors to expect fewer rate cuts from the Federal Reserve (Fed). They suggest that Donald Trump's policies would be inflationary, leading to a tighter monetary policy. However, there is a risk that the rally in DXY is overdone. โThere's a lot of pessimism about Fed rate cuts that we think is misplaced. The rest of the world, except for Japan, has to cut because they have zero growth, basically, and without the U.S., they'd be in a recession. Everybody is super-bearish, in our opinion too bearish, about Fed cutsโ, said Jay Hatfield, CEO at Infrastructure Capital Advisors in New York. In other words, the market sentiment isn't balanced right now, which increases the risk of a sharp upward correction in EURUSD. According to CME's FedWatch Tool, markets are pricing in a 52% chance of a 25-basis-point cut at the Fed's December meeting, down from 82.5% a week ago.
At the same time, the market is a lot more optimistic about the rate cuts in the eurozone. Interest rate swaps market data implies a 49% probability that the European Central Bank (ECB) would reduce its base rate to just 2% by mid-2025. In addition, there is a growing risk that potential global trade tensions will damage the eurozone economy, which is predominantly export-based. Thus, investors lack strong reasons to buy and hold the euro.
EURUSD was relatively flat during the Asian and early European trading sessions. Today, the market will get more clues on the state of the U.S. economy from the latest weekly Jobless Claims report at 1:30 p.m. UTC and Existing Home Sales data at 3:00 p.m. UTC. Better-than-expected results will likely trigger another sell-off in EURUSD, potentially pushing the pair towards a multi-month low. Conversely, worse-than-expected results may pull EURUSD above the 1.05800 level.
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Technical My Tips
21 Nov, 08:34
The British pound (GBP) lost 0.25% on Wednesday as rising geopolitical tensions offset the impact of a topside U.K. Consumer Price Index (CPI) data.
๐ Possible effects for traders
The escalation of tensions between Russia and Ukraine led to increased volatility in currency markets in the past two trading sessions, resulting in erratic price movements. GBPUSD fell towards session lows following reports that Ukraine fired missiles into Russian territory. Despite this, market movements have been relatively contained so far. With the latest inflation data showing services CPI aligning with the Bank of England's (BOE) projections, the impact on the policy outlook was minimal, supporting the case for a 25-basis-point rate cut by the BOE.
After a decline, the U.S. dollar (USD) started to grow again, approaching a one-year high. The U.S. dollar gained over 2% after the presidential election. People expect Trump's new policies to accelerate inflation, so the Federal Reserve (Fed) might not lower interest rates anytime soon. At the same time, everyone's thinking about what Trump's tariff plans mean for other countries. Europe and China will likely feel the impact of implementing these tariffs. It's hard to bet against the U.S. dollar right now, according to Matt Simpson from City Index. People are also wondering if the Fed will still cut rates next month. There's about a 54% chance of the Fed reducing rates at the next meeting in December, down from 82.5% just a week ago, according to CME's FedWatch Tool.
GBPUSD has been moving sideways Thursday morning. Today, market participants will be waiting for the U.S. Jobless Claims report at 1:30 p.m. UTC. Analysts expect the data to grow from 217,000 towards 220,000. If the numbers are higher than expected, they may support GBPUSD. Otherwise, the downtrend in the pair will likely continue.
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Technical My Tips
21 Nov, 07:59
The services sector dominates GDP in the worldโs top 50 economies โ but manufacturing still packs a punch. Hereโs a ranking of countries where manufacturing plays a key role in driving economic output.
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Technical My Tips
21 Nov, 07:31
GBPJPY, 15-minute timeframe char
GBPJPY retested the resistance level of 196.0000
๐Level explanation
GBPJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 196.000.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 196.000.
Set your stop loss at 196.450 above the previous high ($2.91 loss for 0.01 lot) and take profit at 195.350 ($4.19 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.44.
The upcoming news will not influence your orders within the mentioned period.
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GBPJPY retested the resistance level of 196.0000
๐Level explanation
GBPJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 196.000.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 196.000.
Set your stop loss at 196.450 above the previous high ($2.91 loss for 0.01 lot) and take profit at 195.350 ($4.19 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.44.
The upcoming news will not influence your orders within the mentioned period.
Partner Code
Technical My Tips
20 Nov, 16:04
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20 Nov, 09:51
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Technical My Tips
20 Nov, 08:48
EURUSD, 30-minute timeframe char
EURUSD broke the support level of 1.05750
๐Level explanation
EURUSD has been under selling pressure within the last couple of hours.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 1.05700.
Set your stop loss at 1.06100 above the previous high ($4.00 loss for 0.01 lot) and take profit at 1.05250 ($4.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.12.
The upcoming news will not influence your orders within the mentioned period.
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EURUSD broke the support level of 1.05750
๐Level explanation
EURUSD has been under selling pressure within the last couple of hours.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 1.05700.
Set your stop loss at 1.06100 above the previous high ($4.00 loss for 0.01 lot) and take profit at 1.05250 ($4.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.12.
The upcoming news will not influence your orders within the mentioned period.
Partner Code
Technical My Tips
19 Nov, 14:24
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Technical My Tips
19 Nov, 14:20
๐ข Market Updates
๐ก Gold jumps after Biden lets Ukraine use long-range missiles on Russia
๐ข๏ธ But oil gets only modest boost and USD is subdued
๐ด JPY falls as BoJ chief Ueda offers no hints on Rate Hike timing
๐๐ Stocks are mixed as Trump Trade fades and Fed turns hawkish
๐ป Nvidia earnings and flash PMI data awaited this week
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๐ก Gold jumps after Biden lets Ukraine use long-range missiles on Russia
๐ข๏ธ But oil gets only modest boost and USD is subdued
๐ด JPY falls as BoJ chief Ueda offers no hints on Rate Hike timing
๐๐ Stocks are mixed as Trump Trade fades and Fed turns hawkish
๐ป Nvidia earnings and flash PMI data awaited this week
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19 Nov, 14:18
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Technical My Tips
19 Nov, 11:49
EURUSD, 15-minute timeframe chart
EURUSD pulled back from the resistance level of 1.05680
๐Level explanation
EURUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.05680.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 1.05550.
Set your stop loss at 1.05750 above the previous high ($2.00 loss for 0.01 lot) and take profit at 1.05350 ($2.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
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EURUSD pulled back from the resistance level of 1.05680
๐Level explanation
EURUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.05680.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 1.05550.
Set your stop loss at 1.05750 above the previous high ($2.00 loss for 0.01 lot) and take profit at 1.05350 ($2.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
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Technical My Tips
19 Nov, 09:53
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Technical My Tips
19 Nov, 09:52
Yesterday, gold (XAU) rose and gained 1.9%, breaking above the resistance level of $2,600. The pair grew after a significant weekly decline.
๐ Possible effects for traders
The rise in gold prices is attributed to a combination of factors, including geopolitical uncertainties, declining U.S. bond yields, and weak demand for the U.S. dollar (USD). Yesterday, the U.S. President, Joe Biden, granted Ukraine permission to use American long-range missile systems against military targets in Russia. This development could escalate the conflict and fuel geopolitical uncertainty, leading to an additional infusion of funds into the gold market. The market has already begun to factor in this possibility, so XAUUSD rose.
As for the U.S., experts anticipate that the policies of the newly elected President, Donald Trump, may lead to increased inflation and limit the potential for further interest rate reductions by the Federal Reserve (Fed). According to economists, the Trump administration will likely prioritise tax reductions and tariff hikes, which may contribute to inflation rise and force the Fed to pursue a less aggressive easing cycle.
Gold rose in the Asian trading session. XAUUSD will likely continue rising towards $2,650 and further, as it broke above the resistance level of $2,600 and didn't show any signs of reversal. โSpot gold may rise into a range of $2,638 to $2,646 per ounce, as it shows little sign of completing around the peak of the wave 4 at $2,619โ, according to Wang Tao.
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Technical My Tips
19 Nov, 09:51
USDCAD dropped by 0.53% on Monday. There's little news to guide market direction, with a reversal of some of the big moves from last week.
๐ Possible effects for traders
The market's focus has shifted back to the possibility of the Federal Reserve (Fed) easing monetary policy, with no major announcements about newly elected U.S. President Donald Trump's picks for the Treasury or trade posts. Strong U.S. economic data, combined with the expectation of higher inflation from Trump's tariff plans and tighter immigration rules, has lowered the chance of a December rate cut to around 58%, according to the CME FedWatch Tool. While markets still think there will be a 25-basis-point (bps) rate cut in December, expectations for reductions in 2025 have dropped to less than 80 bps compared to 100 bps just a few weeks ago.
On Monday, the Canadian dollar (CAD) strengthened against the U.S. dollar (USD). The 10-year Canadian government bond yield rose by 0.5 bps towards 3.277%, while the U.S. 10-year yield fell towards 4.4138%. Oil prices rose by $2.14 on Monday towards $69.16 per barrel, benefitting CAD as Canada is a major oil exporter. Also, Canadian housing starts for October were 240,800โhigher than expected and up from the previous month's revised number of 223,400.
USDCAD has been trading sideways during Asian and early European trading hours. Today, two major reports will come out: the Canadian Consumer Price Index (CPI) and the U.S. Building Permits, both at 1:30 p.m. UTC. If CPI figures are higher than expected, USDCAD may decline further, while milder data may support the pair and push it towards new highs. Better U.S. Building Permits data will support USDCAD, while soft data may accelerate pair's decline.
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Technical My Tips
19 Nov, 09:51
The euro (EUR) gained 0.55% against the U.S. dollar (USD) on Monday but failed to close above the critical 1.06000 level.
๐ Possible effects for traders
Yesterday, EURUSD's rally was most likely the result of technical buying after a drop towards a 13-month low prompted some traders to close their short positions and take profit. Fundamentally, the pair still looks weak, and the rally was probably a technical rebound. On Monday, two top European Central Bank (ECB) policymakers signalled they were more worried about U.S. trade tariffs than inflation. Indeed, some analysts fear Trump's second term could bring a major trade war with China, with ramifications for Europe and possible retaliation.
Still, ECB officials said they were confident inflation would stabilise at 2% next year and monetary policy would follow suit. The market currently prices in a 78% probability of a 25-basis-point rate cut by the ECB in December. At the same time, the market prices in less than a 60% probability of a similar reduction by the Federal Reserve (Fed) next month.
EURUSD was falling during the Asian and early European trading sessions. Today's macroeconomic calendar is uneventful, and only the U.S. Building Permits data due at 1:30 p.m. UTC may trigger some volatility. However, even if the figures are lower than expected, they are unlikely to break the underlying bearish trend in EURUSD. Conversely, higher-than-expected numbers may push the pair towards previous lows near 1.05000.
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Technical My Tips
19 Nov, 07:40
FOREX BROKER๐๏ธ(free signals)๐ชฉ:
Gold sell now again
GOLD SELL NOW๐
2619 - 2621
SL : 2623
TP : 2614
TP : 2609
Gold sell now again
GOLD SELL NOW
2619 - 2621
SL : 2623
TP : 2614
TP : 2609
Technical My Tips
19 Nov, 07:21
Gold sell running 25pips๐ฏ
Scalper boleh secure half profit
hold TP make sure set BE๐ช๐ผโผ๏ธโโ
Scalper boleh secure half profit
hold TP make sure set BE๐ช๐ผโผ๏ธโโ
Technical My Tips
19 Nov, 07:19
FOREX (free signals)๐ชฉ:
GOLD SELL NOW๐
2620 - 2622
GOLD SELL NOW๐
2620 - 2622
SL : 2624
TP : 2615
TP : 2610
GOLD SELL NOW
2620 - 2622
GOLD SELL NOW
2620 - 2622
SL : 2624
TP : 2615
TP : 2610
Technical My Tips
19 Nov, 07:02
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Technical My Tips
18 Nov, 15:57
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Technical My Tips
14 Nov, 11:17
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14 Nov, 09:21
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14 Nov, 09:18
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Technical My Tips
14 Nov, 09:16
๐ Gold continues its downward correction
Gold (XAU) continued its downward correction, falling by nearly 1% yesterday. XAUUSD broke below multiple support levels, and now the support level at $2,550 may slow the drop.
๐ Possible effects for traders
The latest U.S. inflation data aligned with expectations. Still, gold reacted negatively as U.S. Treasury yields and the U.S. dollar (USD) continued to rise, hitting a new yearly high. The Consumer Price Index (CPI) increased from 2.4% towards 2.6% annually, with a monthly rise of 0.2%. According to the CME FedWatch Tool, the probability of a cut increased towards 82%, up from only 58% yesterday. Despite growing expectations for a 25-basis-point rate cut by the Federal Reserve (Fed) in December, it didn't slow the U.S. dollar's rise.
Analysts expect that policies under Donald Trump may hinder the Fed's plans for monetary easing if he implements tax and tariff cuts. Market participants are focused on today's Fed Chair Jerome Powell speech, U.S. Producer Price Index (PPI), and employment data releases. Recently, several Fed officials, including Minneapolis Fed President Neel Kashkari, have advocated for lowering borrowing costs and suggested inflation moves towards the 2% goal.
XAUUSD may continue to decline towards support levels of $2,550 and $2,520. However, while gold is in an extended correction, it's too early to talk about a significant reversal of the long-term upward trend.
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Gold (XAU) continued its downward correction, falling by nearly 1% yesterday. XAUUSD broke below multiple support levels, and now the support level at $2,550 may slow the drop.
๐ Possible effects for traders
The latest U.S. inflation data aligned with expectations. Still, gold reacted negatively as U.S. Treasury yields and the U.S. dollar (USD) continued to rise, hitting a new yearly high. The Consumer Price Index (CPI) increased from 2.4% towards 2.6% annually, with a monthly rise of 0.2%. According to the CME FedWatch Tool, the probability of a cut increased towards 82%, up from only 58% yesterday. Despite growing expectations for a 25-basis-point rate cut by the Federal Reserve (Fed) in December, it didn't slow the U.S. dollar's rise.
Analysts expect that policies under Donald Trump may hinder the Fed's plans for monetary easing if he implements tax and tariff cuts. Market participants are focused on today's Fed Chair Jerome Powell speech, U.S. Producer Price Index (PPI), and employment data releases. Recently, several Fed officials, including Minneapolis Fed President Neel Kashkari, have advocated for lowering borrowing costs and suggested inflation moves towards the 2% goal.
XAUUSD may continue to decline towards support levels of $2,550 and $2,520. However, while gold is in an extended correction, it's too early to talk about a significant reversal of the long-term upward trend.
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Technical My Tips
14 Nov, 09:15
๐ EURUSD drops to a one-year low
The euro (EUR) declined by 0.56% against the U.S. dollar (USD) on Wednesday after the October U.S. Consumer Price Index (CPI) report aligned with expectations, suggesting a slowdown in disinflation progress.
๐ Possible effects for traders
U.S. consumer prices rose in October, driven mainly by higher housing costs like rent. Even though the data aligned with market forecasts, progress in tackling inflation has slowed. The economic data may prompt the Federal Reserve (Fed) to scale back its planned interest rate cuts next year. 'I'm not sure the inflation data pushed things around too much since it was pretty much in line with expectations. I think it's just continuation of the Trump trade kind of mindset ... leading to strengthen the dollar on a broad basis, but also kind of a flushing of some of the emerging market long positions,' said Brad Bechtel, Global Head of FX at Jefferies. Economists predict higher inflation next year if Trump advances his policies, including tax cuts, increased import tariffs, and deportation measures. Although a December rate cut is still expected, further reductions in 2025 seem limited. U.S. Treasury yields rise due to investors' confidence that Trump's policies will face minimal resistance, given the Republican majority in the Senate and a near-certain majority in the House.
The euro remains under pressure due to several factors. First, diverging expectations for monetary policy between the European Central Bank (ECB) and the Fed favour the USD. Second, Trump's new tariffs could harm the eurozone economy. Third, political instability in Germany has weighed on the euro, following the collapse of Chancellor Olaf Scholz's coalition. EURUSD bears are targeting support levels at 1.05243 and 1.04459.
EURUSD traded lower during the Asian and early European trading sessions. Key events today include the U.S. Producer Price Index (PPI) report at 1:30 p.m. UTC, followed by speeches from ECB President Christine Lagarde at 7:00 p.m. UTC and Fed Chair Jerome Powell at 8:00 p.m. UTC. The eurozone will also release employment and industrial production data at 10:00 a.m. UTC, which could add volatility. Key levels to watch are 1.05240 and 1.05700.
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The euro (EUR) declined by 0.56% against the U.S. dollar (USD) on Wednesday after the October U.S. Consumer Price Index (CPI) report aligned with expectations, suggesting a slowdown in disinflation progress.
๐ Possible effects for traders
U.S. consumer prices rose in October, driven mainly by higher housing costs like rent. Even though the data aligned with market forecasts, progress in tackling inflation has slowed. The economic data may prompt the Federal Reserve (Fed) to scale back its planned interest rate cuts next year. 'I'm not sure the inflation data pushed things around too much since it was pretty much in line with expectations. I think it's just continuation of the Trump trade kind of mindset ... leading to strengthen the dollar on a broad basis, but also kind of a flushing of some of the emerging market long positions,' said Brad Bechtel, Global Head of FX at Jefferies. Economists predict higher inflation next year if Trump advances his policies, including tax cuts, increased import tariffs, and deportation measures. Although a December rate cut is still expected, further reductions in 2025 seem limited. U.S. Treasury yields rise due to investors' confidence that Trump's policies will face minimal resistance, given the Republican majority in the Senate and a near-certain majority in the House.
The euro remains under pressure due to several factors. First, diverging expectations for monetary policy between the European Central Bank (ECB) and the Fed favour the USD. Second, Trump's new tariffs could harm the eurozone economy. Third, political instability in Germany has weighed on the euro, following the collapse of Chancellor Olaf Scholz's coalition. EURUSD bears are targeting support levels at 1.05243 and 1.04459.
EURUSD traded lower during the Asian and early European trading sessions. Key events today include the U.S. Producer Price Index (PPI) report at 1:30 p.m. UTC, followed by speeches from ECB President Christine Lagarde at 7:00 p.m. UTC and Fed Chair Jerome Powell at 8:00 p.m. UTC. The eurozone will also release employment and industrial production data at 10:00 a.m. UTC, which could add volatility. Key levels to watch are 1.05240 and 1.05700.
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Technical My Tips
14 Nov, 09:14
๐ GBPUSD falls for the fourth consecutive day
The British pound (GBP) declined for the fourth straight day, driven by a stronger U.S. Dollar Index (DXY) after Donald Trump's election victory on 6 November. GBPUSD has dropped about 2.7% since then but seems to find support around 1.27000.
๐ Possible effects for traders
Implementation of the higher trade tariffs and stricter immigration policies by the new administration is expected to drive inflation higher. Thus, the Federal Reserve (Fed) may have to reconsider its plans for future rate cuts. The anticipated rise in government spending is also pushing up U.S. Treasury yields, supporting the U.S. dollar's value. According to Edison Research forecasts, Trump's party is expected to retain control of both chambers of Congress, granting him significant influence to advance his agenda. While trends don't persist indefinitely, a stronger U.S. dollar will likely continue to exert downward pressure on GBPUSD.
GBPUSD has been trading sideways during Asian and early European sessions. Attention now turns to the upcoming U.S. Producer Price Index (PPI) release today at 1:30 p.m. UTC. It's a leading indicator of consumer price inflation, accounting for most overall inflation. Thus, higher-than-expected PPI numbers could be bearish for GBPUSD, while weaker data may trigger a slight upward correction.
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The British pound (GBP) declined for the fourth straight day, driven by a stronger U.S. Dollar Index (DXY) after Donald Trump's election victory on 6 November. GBPUSD has dropped about 2.7% since then but seems to find support around 1.27000.
๐ Possible effects for traders
Implementation of the higher trade tariffs and stricter immigration policies by the new administration is expected to drive inflation higher. Thus, the Federal Reserve (Fed) may have to reconsider its plans for future rate cuts. The anticipated rise in government spending is also pushing up U.S. Treasury yields, supporting the U.S. dollar's value. According to Edison Research forecasts, Trump's party is expected to retain control of both chambers of Congress, granting him significant influence to advance his agenda. While trends don't persist indefinitely, a stronger U.S. dollar will likely continue to exert downward pressure on GBPUSD.
GBPUSD has been trading sideways during Asian and early European sessions. Attention now turns to the upcoming U.S. Producer Price Index (PPI) release today at 1:30 p.m. UTC. It's a leading indicator of consumer price inflation, accounting for most overall inflation. Thus, higher-than-expected PPI numbers could be bearish for GBPUSD, while weaker data may trigger a slight upward correction.
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Technical My Tips
14 Nov, 09:08
USDCAD, 30-minute timeframe chart
USDCAD formed a bearish Three Black Crows pattern
๐Level explanation
USDCAD has been under buying pressure within the last day. Now, the price displays a bearish Three Black Crows pattern.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 1.39950.
Set your stop loss at 1.40200 above the previous high ($1.79 loss for 0.01 lot) and take profit at 1.39700 ($1.79 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
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USDCAD formed a bearish Three Black Crows pattern
๐Level explanation
USDCAD has been under buying pressure within the last day. Now, the price displays a bearish Three Black Crows pattern.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 1.39950.
Set your stop loss at 1.40200 above the previous high ($1.79 loss for 0.01 lot) and take profit at 1.39700 ($1.79 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Partner Code
Technical My Tips
14 Nov, 08:07
BTCUSD, 15-minute timeframe char
BTCUSD broke the resistance level of 90,600.00
๐Level explanation
BTCUSD has been under buying pressure within the last couple of hours.
๐Possible scenario
The best way to use this opportunity is to place a Buy order at 90,900.00.
Set your stop loss at 88,900.00 below the previous low ($20.00 loss for 0.01 lot) and take profit at 93,400.00 ($25.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.25.
The upcoming news will not influence your orders within the mentioned period.
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BTCUSD broke the resistance level of 90,600.00
๐Level explanation
BTCUSD has been under buying pressure within the last couple of hours.
๐Possible scenario
The best way to use this opportunity is to place a Buy order at 90,900.00.
Set your stop loss at 88,900.00 below the previous low ($20.00 loss for 0.01 lot) and take profit at 93,400.00 ($25.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.25.
The upcoming news will not influence your orders within the mentioned period.
Partner Code
Technical My Tips
13 Nov, 17:17
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Technical My Tips
13 Nov, 10:08
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13 Nov, 10:00
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Technical My Tips
13 Nov, 08:36
Gold (XAU) has been in a downward trend for the past three days. On Tuesday, XAUUSD declined by 0.8%, continuing a significant correction. The support level at $2,600 remains relatively stable, helping to limit the losses.
๐ Possible effects for traders
The recent drop in gold prices is due to the strengthening U.S. Dollar Index (DXY), which gained bullish momentum following Donald Trump's victory. Markets anticipate that the Trump administration's policies could delay the timing of interest rate cuts in the U.S., prompting a shift in investments away from gold exchange-traded funds (ETFs) towards other assets. Investors closely monitor Trump's initial actions and cabinet selections for insights into his stance on tax cuts, trade tariffs, and immigration policies.
Today, all eyes are on the release of U.S. consumer inflation data, which could significantly impact the DXY and broader financial markets. This week also includes key updates on producer inflation, speeches from Federal Reserve (Fed) officials, and U.S. retail sales figures. Minneapolis Fed President Neel Kashkari has already commented on the potential impact of upcoming inflation data, noting that 'if inflation surprises to the upside between now and December, that might give us pause.' The CME FedWatch Tool recently showed that the probability of a 25-basis-point rate cut at the December 2024 meeting has fallen from 65% towards 58%.
Gold remains in a wait-and-see mode ahead of the U.S. inflation report today at 1:30 p.m. UTC. XAUUSD may break below the $2,600 support level if inflation is higher than expected, potentially declining towards $2,580 or lower. Conversely, weaker data may push gold towards $2,630 or higher.
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Technical My Tips
13 Nov, 08:34
The euro lost 0.29% against the U.S. dollar on Tuesday as the greenback continued to rise on expectations that Donald Trump's policies would accelerate U.S. inflation.
๐ Possible effects for traders
It's still an extension of the post-election moves; the economic calendar has been relatively light, although it's picking up later in the week. For now, the market is focusing on the implications of a second Trump term, particularly policies that would be positive for the U.S. dollar, such as potential higher tariffs,' said Vassili Serebriakov, an FX strategist at UBS in New York. Proposed deportations of immigrants and increased import tariffs are expected to drive inflation in the U.S., giving the Federal Reserve (Fed) less room to reduce interest rates. According to Decision Desk HQ, the Republican Party has secured a majority in the U.S. House of Representatives. Trump's party will control both chambers of Congress, enabling the president-elect to advance his policy agenda. Trump has warned that European countries will 'pay a big price' for not purchasing enough American exports.
The euro is also facing additional downward pressure from political uncertainty. Germany, the eurozone's largest economy, will hold elections on 23 February after Chancellor Olaf Scholz's governing coalition collapsed due to disagreements over spending and borrowing plans. Fundamentally, investors now anticipate that the European Central Bank (ECB) is more likely to cut rates in the near term than the U.S. central bank. The likelihood of an additional 25-basis-point rate cut before year-end is currently 70% for the ECB and 63% for the Fed.
EURUSD was falling during the Asian and early European trading sessions. Today, the market will focus primarily on the U.S. inflation report due at 1:30 p.m. UTC. However, several Fed officials' speeches will come out throughout the day and may trigger some volatility in all USD pairs. The market expects a 0.3% rise in monthly core Consumer Price Index (CPI) and a 3.3% annual increase. If CPI numbers exceed the expected, EURUSD may drop slightly, probably towards 1.05910. If the data shows that inflation is slowing, EURUSD will likely rise sharply, possibly towards 1.06600.
Technical My Tips
13 Nov, 08:33
AUDUSD fell by 0.62% on Tuesday as the U.S. dollar (USD) strengthened, driven by 'Trump trades'. These trades reflect traders' bets that Trump's inflationary policies may limit the Federal Reserve's (Fed) ability to lower interest rates.
๐ Possible effects for traders
The U.S. dollar has been rising since Republican candidate Donald Trump won the presidential election, reaching its highest levels since May. Investors expect Trump's proposed policies, including tax cuts and import tariffs, to fuel inflation. With Republicans gaining more control in Congress, Trump will likely have more opportunities to implement his plans. This can also lead to interest rates staying higher for longer as markets anticipate a slowdown in rate cuts by the Fed. According to the CME FedWatch Tool, the likelihood of a 25-basis-point rate cut in December has dropped towards 60%, down from 84% last month.
โFocus is likely to shift back to inflation and Fed policy later this week, but it remains uncertain if that will trigger an unwinding of Trump trades,โ said Charu Chanana, Chief Investment Strategist at Saxo Bank. With markets already pricing in Trump's policies as inflationary, the market may be 'more sensitive' to hotter-than-expected CPI data. The core CPI is projected to increase by 0.3% in October.
AUDUSD traded sideways during the Asian and early European sessions as traders await the U.S. CPI report at 1:30 p.m. UTC today, which is the most important economic event of the week. A higher-than-expected CPI figure may drive AUDUSD to new local lows, while weaker data could lead to an upward correction. Additionally, Fed Chair Jerome Powell will speak, followed by the release of Producer Price Index (PPI) data and retail sales figures on Thursday and Friday, respectively. All the data may affect AUDUSD.
Technical My Tips
13 Nov, 07:36
EURUSD, 15-minute timeframe char
EURUSD broke the support level of 1.06120
๐Level explanation
EURUSD has been under selling pressure within the last couple of hours.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 1.06050.
Set your stop loss at 1.06300 above the previous high ($2.50 loss for 0.01 lot) and take profit at 1.05800 ($2.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
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EURUSD broke the support level of 1.06120
๐Level explanation
EURUSD has been under selling pressure within the last couple of hours.
๐Possible scenario
The best way to use this opportunity is to place a Sell order at 1.06050.
Set your stop loss at 1.06300 above the previous high ($2.50 loss for 0.01 lot) and take profit at 1.05800 ($2.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Technical My Tips
13 Nov, 06:37
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13 Nov, 06:36
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13 Nov, 06:35
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Technical My Tips
12 Nov, 08:50
Gold (XAU) declined by over 2.4% yesterday, settling near the $2,600 support level. Experts believe this correction could lead to a further decrease.
๐ Possible effects for traders
Traders expect the U.S. Federal Reserve (Fed) to soften its stance on interest rates, given that Donald Trump's policies may drive economic growth and inflation. The decline in gold prices paused around $2,600 as investors worry that the new President's protectionist policies could impact the global economy, increasing demand for safe-haven assets like gold. However, growth prospects for gold remain limited due to the continued strengthening of the U.S. dollar (USD). Traders are also cautious ahead of the upcoming U.S. Consumer Inflation report and remarks from key Federal Open Market Committee (FOMC) members.
Meanwhile, the U.S. dollar hit new highs after Trump's election victory, prompting significant gold sales on Monday. Minneapolis Fed President Neel Kashkari noted that the Fed would need more evidence of inflation reaching its 2% target before considering further rate cuts. Traders are waiting for statements from FOMC members, including Fed Chair Jerome Powell, who may offer insights on the future direction of interest rates. According to the CME Group FedWatch Tool, there is a 65% chance of a 25-basis-point (bps) rate cut at the next Fed meeting.
In the short term, XAUUSD may continue its decline, potentially breaking below the $2,600 support level and reaching $2,575. Investors are currently closing their positions in gold in favour of riskier assets.
Technical My Tips
12 Nov, 08:49
The euro (EUR) fell by 0.6%, reaching a fresh six-month low against the U.S. dollar (USD) on Monday. Investors continued to favour the greenback over the euro following the Republican victory in the U.S. presidential and congressional elections.
๐ Possible effects for traders
The U.S. dollar is expected to benefit from the incoming Trump administration. Indeed, planned mass deportations of illegal immigrants may put upward pressure on U.S. wages, while the introduction of new tariffs could drive up import costs. If these policies accelerate nationwide inflation, the Federal Reserve (Fed) may be forced to adopt a tighter monetary policy, keeping high interest rates longer. This would widen the interest rate differential between the eurozone and the U.S., exerting downward pressure on EURUSD.
Additionally, broad-based tariffs of 10โ20% on all U.S. imports could harm the eurozone economy. These policies may prompt the European Central Bank (ECB) to cut rates more aggressively, widening the interest rate gap even further. However, it's unclear whether Trump's plans will have a lasting inflationary effect. For now, their impact on U.S. monetary policy is minimal, meaning the recent decline in EURUSD is largely driven by forward-looking expectations. Thus, EURUSD bears should be cautious as the pair may experience a sharp rebound.
EURUSD continued to decline during the Asian and early European trading sessions. Today, the macroeconomic calendar is relatively quiet, though EUR pairs might experience additional volatility due to Germany's ZEW Economic Sentiment Index report at 10:00 a.m. UTC. A stronger-than-expected figure could trigger a slight recovery above 1.06770, while weaker data might extend the decline towards 1.06200.
Technical My Tips
12 Nov, 08:48
USDJPY rose by 0.71% on Monday as the U.S. Dollar Index (DXY) reached its highest level in over four months, with 'Trump Trades' continuing to dominate financial markets.
๐ Possible effects for traders
Expectations of a second term for President Trump, alongside a potential Republican takeover of Congress, have driven optimism for regulatory rollbacks and tax cuts, which could boost economic growth and potentially increase inflation. This scenario could limit the Federal Reserve's (Fed) ability to reduce interest rates further. Also, Trump's plans to raise tariffs on key trading partners, particularly China and the eurozone, along with tighter immigration policies, have added to concerns over inflationary pressures.
Meanwhile, the Bank of Japan (BOJ) recently had its October monetary policy meeting, where policymakers disagreed on the timing of future rate adjustments. Some officials voiced worries over the economic uncertainties and increased market volatility, especially given the yen's significant depreciation. Despite these concerns, the BOJ maintained its projection to raise the benchmark interest rate towards 1% in the second half of 2025. In response to the yen's weakness, Finance Minister Katsu Kato signalled that the Japanese government might take 'appropriate measures' to address foreign exchange volatility.
USDJPY was moving sideways during the Asian and early European hours. Two key economic releases this week could impact the pair's movement. The Japanese Producer Price Index is due at 11:50 p.m. UTC today. Stronger-than-expected figures may trigger a correction in USDJPY, while weaker data could support the pair. The U.S. Consumer Price Index (CPI) report will come out tomorrow at 1:30 p.m. UTC. A higher-than-expected number could push USDJPY to new highs, while softer data may trigger a downward correction.
Technical My Tips
12 Nov, 06:18
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11 Nov, 07:15
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11 Nov, 07:14
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11 Nov, 07:14
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10 Nov, 05:07
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09 Nov, 15:07
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09 Nov, 08:28
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09 Nov, 06:49
Fossil fuel consumption hit record highs in 2023, fueled by rising coal and oil use in China, even as renewable energy booms globally. Gas, oil, and coal made up 81.5% of the global energy mix, down slightly from 82% in 2022. Check out this graphic to see the top countries driving fossil fuel consumption last year.
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03 Nov, 10:33
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03 Nov, 10:32
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03 Nov, 10:32
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02 Nov, 16:13
The EUR/JPY pair, or โYuppy,โ reflects the Euroโs strength against the Japanese Yen. Traders watch this currency pair closely to track shifts between the Eurozone and Japanese economies, using it to spot trends and make strategic moves in the market.
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02 Nov, 16:10
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02 Nov, 09:40
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02 Nov, 07:05
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02 Nov, 07:02
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02 Nov, 06:30
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01 Nov, 14:57
Microsoft posted record earnings with $3.30 per share and $24.7 billion in net income, beating analyst predictions of $3.10 EPS and $23.2 billion. Yet, shares fell 5.5% on Thursday, marking the steepest drop since October 2022 after an initial surge.
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01 Nov, 14:05
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01 Nov, 11:29
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01 Nov, 07:29
Market remains closed โ๏ธ today on account of Diwali Laxmi Pujan๐ช๐
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01 Nov, 05:53
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