Earnings reports are a critical element in the financial markets, often triggering significant shifts in stock prices. This FXOpen article aims to walk traders through the complexities of trading these pivotal announcements. From preparation to strategy, discover key insights for making informed decisions during earnings season.
Importance of Earnings Reports...
According to data released yesterday, the US economy is growing at a stronger pace than expected. Thus, US GDP in the 3rd quarter increased by 5.3% in annual terms (an increase of 4.9% was expected).
Combined with softening rhetoric from the Federal Reserve, this is a positive signal for US stock markets, which have shown impressive performance: in November, the...
During November, the price of bitcoin increased by approximately 10% in anticipation of the launch of a bitcoin ETF. But the positive sentiment of crypto investors is seriously overshadowed by news regarding Binance:
→ Changpeng Zhao resigned as head of Binance.US, pleading guilty to money laundering charges. He also agreed to pay $50 million in a lawsuit from...
According to WSJ, the reduction could be 1 million barrels per day. Saudi Arabia is in favour of cuts, but the idea causes disagreements among other members of the organisation.
In anticipation of news about the OPEC+ decision, the price of oil is rising - this indicates that market participants assess the possibility of new production cuts as quite real, even if...
Before yesterday's trading session, the last time 1 euro was 1.1 USD was in the first half of August.
The growth of the rate was facilitated by the weakening of the dollar, which occurred against the background of the words of Christopher Waller, a member of the Fed Board of Governors, who is known for his hawkish policies. But he has already softened his...
USD/JPY is declining and showing bearish signs below the 148.20 level.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY is trading in a bearish zone below the 148.20 and 147.40 levels.
· There is a major bearish trend line forming with resistance near 147.40 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY...
EUR/USD gained bullish momentum above the 1.0930 resistance.
Important Takeaways for EUR/USD Analysis Today
· The Euro remained in a bullish zone and climbed above the 1.0965 resistance zone.
· There is a key bullish trend line forming with support near 1.0975 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of...
The global foreign exchange (Forex) market constitutes a vast and intricate financial ecosystem in which currencies from across the globe are traded. This marketplace witnesses the exchange of trillions of dollars on a daily basis, rendering it among the most liquid and dynamic markets on earth. Amidst this bustling activity, central banks play a pivotal role,...
Yesterday, XNG/USD quotes dropped below the 2,900 level for the first time since mid-September. This was helped by the fact that the NatGasWeather weather forecasting model late last week showed a cooling trend in December in the US, but this was replaced by warming over the weekend.
According to analyst forecasts from Analysts Tudor, Pickering, Holt & Co.,...
Important events regarding AUD took place this morning:
→ the level of retail sales for the month in Australia unexpectedly fell: actual = -0.2%, expected = +0.1%, a month earlier = +0.9%.
→ a press conference was held by the head of the RBA, Michelle Bullock, according to whom inflation in Australia follows the path of overseas countries. That is, inflation is...
As CNN reports, Black Friday brought single-day sales records in the United States. According to Mastercard SpendingPulse, offline sales increased by 1%, and online sales by 8.5%. According to Sensormatic Solutions, store traffic increased by 4.6% year on year. Shopify reported record sales growth of 22% year over year to $4 billion worldwide.
The activity of...
EUR/GBP declined heavily below the 0.8720 and 0.8695 support levels.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP is trading in a bearish zone below the 0.8720 pivot level.
· There is a major bearish trend line forming with resistance near 0.8695 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at...
GBP/USD is gaining pace above the 1.2575 resistance.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is attempting a fresh increase above 1.2600.
· There is a key bullish trend line forming with support near 1.2575 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair...
A financial crisis is a severe disruption in the financial markets and banking system of a country or even the entire world. It typically involves a sudden and widespread loss of confidence in the financial system, leading to a range of negative economic consequences.
In this article, we provide a comprehensive overview of how different asset classes tend to...
Yesterday, the values of the PMI index (it is characterized as a leading indicator of industrial production and services) for European countries were published:
→ in Germany: fact = 42.3; expected = 41.1; a month earlier = 40.7;
→ in France: fact = 42.6; expected = 43.2; a month earlier = 42.6;
Although the index values are below 50, indicating a contraction in...
Crude oil price is attempting a recovery wave above the $75.00 zone.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices started a decent recovery wave from the $73.80 support.
· There is a connecting bearish trend line forming with resistance near $77.00 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly...
Gold price surged toward the $2,000 zone before the bears appeared.
Important Takeaways for Gold Prices Analysis Today
· Gold price started a steady increase from the $1,965 zone against the US Dollar.
· A key bearish trend line is forming with resistance at $1,995 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of...
News releases play a pivotal role in the forex landscape, often driving significant market volatility and offering both opportunities and risks for traders. This article delves into the intricacies of trading news in forex, from understanding the impact of different types of economic news to crafting effective strategies and the importance of execution and...
