Today’s risk recommendation for USD/TRY is 0.50%. Best Buy Points Entering a pending order of level 18.70. Place a stop below the 18. 5 support level to close. Move stop loss to profit zone...
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Maybe the short-time correction for Crypto is over
The cryptocurrency market added 0.75% to 976 billion in the past 2 hours, and Bitcoin rose by the same amount to retest $21,000. The former cryptocurrency corrected to a 76. percent rally from its...
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US stocks close with solid gains
Major US stock indexes close Friday with strong gains. For the week, the Nasdaq closes slightly higher for the third week in a row, but the S&P and Dow end the week lower. Finaj...
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USD/CNY UNLIKELY TO EXTEND ITS DECLINE TOWARD 6.30 – SOCGEN
China FX has tried to reopen China and economists at Société Générale are wary of chasing the CNY rally. NEUTRAL BY JUAN “With USD/CNY already reversing more than 50% of its 2022 rise, more...
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KRW TO REMAIN A KEY BENEFICIARY OF USD WEAKNESS IN THE WEEKS AHEAD – TDS
The Bank of Korea (BoK) decided today to increase the base interest rate by 25 basis points to 3.50 percent. Economists at TD Securities expect the win to strengthen in the coming weeks. LESS...
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Key earnings releases scheduled for next week (and going forward)
Some of the key earnings releases scheduled for next week: Tuesday, January 17 Morgan Stanley Goldman Sachs Interactive Brokers Unites Airlines Wednesday, January 18 Charles Schwab PNC Discover PNC Kinder M La 17-an de...
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Reminder: Monday is a holiday in the US
The New York Stock Exchange is closed Monday for the MLK holiday. The CME and CBOT are also closed, and SIFMA recommends a holiday in the bond market. CME Globex trading continues as normal...
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WTI HOVERS AROUND $73.60 DESPITE A SOFT US DOLLAR
WTI ends week with heavy losses 8: 0 D Employment report showed wages slowing as labor market remains resilient. WTI failed to capitalize on US dollar weakness after US Services PMI declined. West Texas...
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USD/CHF PRICE ANALYSIS: FINISHED THE WEEK POSITIVE, THOUGH FELL BENEATH 0.9270S
Although USD/CHF fell 1% on Friday, the pair ended the week up 0. 5%. USD/CHF remains on the edge, albeit slightly to the downside, and may test the 0.9200 mark. If USD/CHF regains 0.9300,...
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USDCHF falls below its 100 hour MA
USDCHF opened the week below the 100 hour MA (blue line on the chart above). On Tuesday, the price moved sharply higher, reaching a 50% drop from the November 21 peak. This level is...
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