#MarketNews
🇯🇵The yen could weaken further to its 1990 low, according to Societe Generale SA strategist Albert Edwards. Now USDJPY is approximately $121.780.
📈The S&P 500, Dow Jones and Nasdaq closed Thursday's regular session up more than 1%. Contracts for the S&P 500 held on to a flat line. Despite some losses earlier this week, the S&P 500 and Nasdaq are up for the second week in a row if levels hold until Friday's close.
🇺🇸Federal Reserve has stepped up talk of tightening monetary policy. Now Chicago Fed President Charles Evans and San Francisco Fed President Mary Daly are considering raising interest rates by 50 basis points at the upcoming Fed meeting due to the highest inflation level in 40 years.
🛢Oil prices have stabilized after EU leaders refrained from new steps to reduce imports of Russian oil. XBR is $115.80 now.
🟡Gold price rose to $1962.4 yesterday, approaching more than a weekly high in the previous session and gaining almost 2% in the week to date. Now it is about $1958.50 per ounce.
🇷🇺Russia is considering selling its oil and gas for crypto due to increased sanctions from the West. Thanks to that, Bitcoin has gained 4% since yesterday, it’s approximately $44071.
Have a great trading day! ✨
🇯🇵The yen could weaken further to its 1990 low, according to Societe Generale SA strategist Albert Edwards. Now USDJPY is approximately $121.780.
📈The S&P 500, Dow Jones and Nasdaq closed Thursday's regular session up more than 1%. Contracts for the S&P 500 held on to a flat line. Despite some losses earlier this week, the S&P 500 and Nasdaq are up for the second week in a row if levels hold until Friday's close.
🇺🇸Federal Reserve has stepped up talk of tightening monetary policy. Now Chicago Fed President Charles Evans and San Francisco Fed President Mary Daly are considering raising interest rates by 50 basis points at the upcoming Fed meeting due to the highest inflation level in 40 years.
🛢Oil prices have stabilized after EU leaders refrained from new steps to reduce imports of Russian oil. XBR is $115.80 now.
🟡Gold price rose to $1962.4 yesterday, approaching more than a weekly high in the previous session and gaining almost 2% in the week to date. Now it is about $1958.50 per ounce.
🇷🇺Russia is considering selling its oil and gas for crypto due to increased sanctions from the West. Thanks to that, Bitcoin has gained 4% since yesterday, it’s approximately $44071.
Have a great trading day! ✨
🇪🇺🇺🇸#EURUSD
👍EURUSD has formed a double bottom pattern.
✅You might open a BUY trade with targets at 1.0990. 1.1020, 1.1040.
✅TRADE EURUSD✅
👍EURUSD has formed a double bottom pattern.
✅You might open a BUY trade with targets at 1.0990. 1.1020, 1.1040.
✅TRADE EURUSD✅
🇬🇧🇺🇸#GBPUSD
👇Sellers attack the last support before they drag GBPUSD to 1.2950.
As usual, there are two options right now:
🟢 Risky one. BUY GBPUSD with targets at 1.3120 and 1.3150.
🔴 Consider opening a SELL trade as soon as GBPUSD breaks through 1.3088. Target is 1.2950.
✅TRADE GBPUSD✅
👇Sellers attack the last support before they drag GBPUSD to 1.2950.
As usual, there are two options right now:
🟢 Risky one. BUY GBPUSD with targets at 1.3120 and 1.3150.
🔴 Consider opening a SELL trade as soon as GBPUSD breaks through 1.3088. Target is 1.2950.
✅TRADE GBPUSD✅
🇺🇸🇯🇵#USDJPY
🔥USDJPY reached our target!
In the article, we predicted an increase in 🇺🇸USDJPY🇯🇵 to 124. Only three trading sessions later, the pair reached this target!
What is next?
☝️124 is the global resistance level. The last time the price increased that high was in 2015. We expect the pair to cool down a little before the rally might continue further. That's why we suggest looking for SELL trades from the current level.
✅SELL USDJPY✅
🔥USDJPY reached our target!
In the article, we predicted an increase in 🇺🇸USDJPY🇯🇵 to 124. Only three trading sessions later, the pair reached this target!
What is next?
☝️124 is the global resistance level. The last time the price increased that high was in 2015. We expect the pair to cool down a little before the rally might continue further. That's why we suggest looking for SELL trades from the current level.
✅SELL USDJPY✅