Market Update by Solidecn.com - Page 11
Malaysia Forex Forum | Forex Community Place
Malaysia Forex Forum
Page 11 of 131 FirstFirst ... 9 10 11 12 13 21 61 111 ... LastLast
Results 101 to 110 of 1310

Thread: Market Update by Solidecn.com

  1. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    EURUSD - ECB and Fed Rate Cuts, What to Expect?



    Solid ECN – The Euro has strengthened above $1.078, reaching a five-week high. This rise comes as investors focus on important US and Euro Area economic data. Key figures like US inflation, first-quarter GDP, and employment statistics are closely monitored, as they could influence future monetary policies.


    ECB and Fed Rate Expectations

    The European Central Bank (ECB) is expected to start cutting interest rates in June, with a projected reduction of around 70 basis points this year. In contrast, the Federal Reserve will likely delay its rate cuts until September, with anticipated decreases of less than 45 basis points. These differing timelines reflect each central bank's response to their respective economic conditions.


    Bank of England's Potential Moves

    The Bank of England maintained its interest rates unchanged in May. However, a rate cut during the summer is possible. This potential move signals the bank's readiness to adjust its policy in response to economic developments.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    Key Technical Levels for Gold Traders



    Solid ECN – Gold has declined from $2,378 against the U.S. dollar on May 10 and is currently trading around $2,340. With technical indicators signaling a bearish trend, the dip is likely to extend to the EMA 50, a level supported by the lower line of the bullish flag.

    Given the primary bullish trend, the EMA 50 can provide a good opportunity for traders and investors to join the bull market.

    However, if the XAUUSD price dips below the 38.2% Fibonacci level, the downtrend will likely extend to $2,306, followed by the 50% Fibonacci support level.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  3. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    Bulls Eye Key Breakout for EURUSD Rally



    Solid ECN – The EURUSD currency pair pulled back from last week's trading session's 61.8% Fibonacci support level. As of posting, the pair trades around the 1.078 mark, clinging to the descending trendline on the 4-hour chart.


    Technical indicators suggest a bullish trend. However, for the uptrend to continue, the bulls must close and stabilize the price above 1.079. If this scenario comes into play, the European currency will likely gain more ground against the U.S. dollar, with 1.081 as the initial target, followed by the 1.083 mark.


    Conversely, the downtrend will likely continue if the EURUSD price dips below the 1.075 minor support. In this case, bears would test the 1.073 level, followed by the 50% Fibonacci support.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    Franc Strengthens, Dollar Weakens Post-Fed




    Solid ECN—The Swiss franc has remarkably recovered, climbing to 0.91 against the US dollar from a seven-month low of 0.92 on May 1st. This rebound was sparked by unexpectedly high inflation data, which reduced the market's expectation that the Swiss National Bank (SNB) would further relax monetary policy.

    In April, inflation surged to 1.4% from a low of 1% the previous month, significantly exceeding forecasts of 1.1%.



    Inflation Concerns Shape Policy

    The recent jump in inflation rates is noteworthy, especially since the SNB had warned that prices could be unstable due to global tensions and a relaxed stance on the franc. Although foreign currency reserves have increased, the rapid inflation has fueled worries about potential ongoing price rises.

    These concerns have led to speculation about whether the SNB will reduce interest rates again in June.



    Dollar's Influence on the Franc

    A weakening US dollar bolstered the franc's strength after the Federal Reserve avoided strong indications of future rate hikes. This backdrop provides a complex landscape for forex traders and investors, suggesting a cautious strategy approach.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    WTI Crude Drops Below $78, Eyes on OPEC




    Solid ECN – WTI crude futures experienced a significant decline, dropping below $78 per barrel this Monday. This downward trend extended from last week when oil prices fell sharply by more than 1%. The drop is largely attributed to growing concerns about demand, influenced by economic indicators and policy signals from the U.S.


    Economic Signals Affect Oil Demand

    Recent statements by U.S. Federal Reserve officials suggest that high interest rates might persist, potentially slowing economic growth and reducing oil demand. This speculation is supported by a notable decrease in U.S. consumer confidence reported last Friday, signaling an economic slowdown. Additionally, increases in U.S. gasoline and distillate inventories ahead of the summer imply weaker-than-expected demand.


    Looking Ahead: OPEC's Next Moves

    Investors are now focusing on OPEC's policy meeting scheduled for early June. There is widespread anticipation that OPEC may continue its supply cuts into the latter half of the year, potentially influencing future market dynamics.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    EURUSD Technical Analysis


    Solid ECN – EUR/USD rose from the 61.8% Fibonacci retracement level yesterday and is now testing the descending trendline near 1.07.

    The technical indicators are bullish, but for the uptrend to resume, the price must close and stabilize above the trendline. If this happens, the euro will strengthen against the dollar, with the next milestone likely at 1.088.

    We recommend closely monitoring price movements near the bearish trendline and checking lower timeframes, such as the 4-hour chart, for bearish candlestick patterns. If the bulls fail to close above the trendline, EUR/USD could face renewed selling pressure, potentially pushing the price down to the 50% Fibonacci support level.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    Key Reports to Influence Gold Prices



    Solid ECN – Gold prices soared to $2,350 per ounce this past Friday, reacting to traders' expectations of a Federal Reserve rate cut. The anticipation grew after Thursday’s economic report showed a surprising increase in Americans filing for unemployment benefits, hinting at a potential cooling of the labor market.

    Such economic indicators often lead to a softer approach to interest rates, benefiting assets like gold, which thrives in lower-rate environments.


    Monitoring Future Economic Indicators

    Investors and traders are now poised to closely analyze the upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) reports. These indicators will provide further clarity on the Federal Reserve's stance.

    Despite some Federal officials expressing caution about easing policies too quickly, the general sentiment leans towards reducing rates, especially with pressures from global economic uncertainties and market demand.


    Influences on Gold’s Market Performance

    Significant factors such as increased over-the-counter market investments, ongoing central bank acquisitions, and rising demand in Asian markets continue to push gold prices upward.

    Additionally, geopolitical tensions in the Middle East and Ukraine are escalating, further increasing gold's appeal as a safe-haven asset. With these dynamics, gold is on track for a 2.2% weekly gain.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    AUDUSD Analysis


    Solid ECN – The AUD/USD pair has resumed its uptrend from 0.655 after testing the 50-day EMA. Currently, the Australian dollar is trading around 0.660 against the U.S. dollar, with bulls aiming to stabilize above the 23.6% Fibonacci retracement level.

    The RSI is above 50, indicating momentum in favor of the upward move. Technically, 0.6557 serves as the primary support for the bullish trend. If the price holds above this level, the next target is likely around 0.664.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  9. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    Bitcoin Dips Below Key $61.9K Level



    Solid ECN – Bitcoin dipped below $61,896 in today's trading session. The technical indicators are bearish, with the RSI hovering below 50 and the Awesome Oscillator bars in red.

    From a technical standpoint, the downtrend momentum that started earlier this week will likely continue, with the median line of the Bollinger Band acting as resistance. If BTC/USD remains below this line, the next milestone for sellers will likely be $59,559.

    Conversely, the bearish outlook could be invalidated if the price crosses and stabilizes above $62,702.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. Senior Member
    Join Date
    Oct 2022
    Posts
    1,294
    Thanks
    1
    Thanked 1,838 Times in 602 Posts
    SubscribeSubscribe
    Subscribed 0
    EURUSD Bearish Outlook


    Solid ECN – As of the latest trading session, the Euro continues to decline, trading at approximately 1.07 against the U.S. dollar, notably below the 38.2% Fibonacci retracement level. The current technical indicators support the bearish outlook; the Awesome Oscillator (AO) has dipped below zero, while the Relative Strength Index (RSI) remains under the median line, suggesting weakened momentum.

    The EUR/USD downtrend appears poised to continue as it trades below a significant descending trendline. The primary resistance level is at the 50% Fibonacci level of 1.079.

    If this resistance holds, the downtrend initiated on May 3rd will likely extend, potentially reaching a target of 1.069. This target aligns with the ascending trendline and the 23.6% Fibonacci level, providing a technical confluence that supports the bearish scenario.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •