Market Moving Updates: Pre New York Trading Session

💵US Prepares Rule Forcing Banks To Tap Fed Discount Window

💵Congress Agrees Funding To Avert US Government Shutdown

🪖US Press Ahead With Least Bad Option In Confronting Houthis

🪖Houthis Fire Missiles At Another US-Owned Vessel In Red Sea

🇨🇳China’s Biggest Brokerage Limits Short Sales After Stock Rout

💴Japan’s Inflation Cools For Second Month Ahead Of BoJ Meet

💷Chancellor Hunt Gives Strongest Hint Will Cut Taxes In Budget

💶German Budget Officials Approve New Borrowing Of EUR39Bln

💰Bitcoin Retreats To One-Month Low, ETF-Led Enthusiasm Fades

📉EU Commission Set To Block Amazon iRobot $1.7Bln Acquisition

Here are the important upcoming news events that could affect your trading.

Learn more: https://www.exness.global/calendar/

USOIL: Will harmonic patterns determine the next trend?

USOIL is moving within a symmetrical triangle, after forming a bullish shark pattern on the daily time frame.

The next trend could be determined based on the breakout of any side of the symmetrical triangle.

Market Updates: Euro Trading Session

🇺🇸 Trump Defeats Haley; Biden Sweeps Democrats In New Hampshire Primary

💴 Japanese Exports Hit Record In 2023 On Weak Yen

🇳🇿💲New Zealand Inflation Slows More Than RBNZ Expected

💴 Japan Keidanren Biz Lobby Head Aiming For Wage Hikes To Outpace Inflation

🇨🇳 China Says EU's 'Unfair' EV Subsidies Probe Risks Damaging Ties

🇺🇸 US Stages Retaliatory Airstrikes Against Iran-Backed Militias In Iraq, Officials Say

🪖 One-Month Gaza Truce Focus Of Intensive Talks, Sources Say

🇬🇧 Senior Tory Calls On Sunak To Resign To 'Give Party A Fighting Chance'

💴 Japan Bonds Fall On Growing View BoJ Is Step Closer To Rate Hike

💴 Japanese Banks Climb On Bets The BoJ Will Lift Rates This Year

📉 Texas Instruments Gives Weak Forecast as Chip Slump Persists

📈 Netflix Is Preparing Investors And Users For More Price Hikes In 2024

📉 Boeing Woes Reach A New Low As Two Airlines Consider Abandoning 737 Plans

📉 FAA May Expand Boeing Probe Beyond Max 9, Agency Chief Says

🍎 Apple Dials Back Car's Self-Driving Features And Delays Launch To 2028

🇨🇳 China Regulators Ask Funds To Restrict Short Selling Of Stock Index Futures

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Market Updates: Euro Trading Session

💵 Fed Raises Rate On Emergency Loan Program To Stop Arbitrage

🌍 US Navy Escorts Cargo Ships To Safety After Houthi Missile Attack

🇬🇧 UK PM Offers To Sacrifice Brexit Freedoms To Re-Establish Govt In N.Ireland

🇦🇺Australian Government Says Income Tax Rejig Won't Add To Inflation

📉 Tesla Projects Slower Growth In 2024 As EV Demand Softens

📈 IBM Sees Strong 2024 Free Cash Flow, Plans Job Cuts

✈️ FAA Halts Boeing 737 Max Production Expansion, Clears Path To Unground Max 9

📈 Microsoft Closes At Record, Ends Just Shy Of $3 Tln Value

📈 World's No. 2 Memory Chip Maker SK Hynix Reports Surprise Profit

Market Updates: Euro Trading Session

💷 UK Consumer Confidence Hits Two-Year High As Inflation Cools

💴 BoJ Saw Need In December For Debate On Future Rate Hike Pace

💵 US Tsy Sec. Yellen: 2024 Is Going To Be A 'Very Good' Year For The Economy

💵 Yellen Says Biden Would Seek Extension Of Some Trump Tax Cuts

🌍 China Presses Iran To Rein In Houthi Attacks In Red Sea, Sources Say

🇬🇧 Badenoch To Challenge UK PM Over Brexit Freedoms Sacrifice For N.Ireland

🇬🇧 UK Halts Trade Negotiations With Canada Over Hormones In Beef Ban

🇺🇸 Biden Set To Halt Review Of Natural Gas Export Approvals On Friday

📉 Intel Plunges After Bleak Forecast Casts Doubt On Comeback Bid

📈 Visa Profit Climbs Amid Higher Payments Volume

📈 FTC Launches Inquiry Into AI Deals By Tech Giants

📈 Nintendo's Next Switch Coming This Year With LCD, Omdia Says

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Market Update: Euro Trading Session

💴 Japan's Govt Interest Costs Seen More Than Doubling Over Next Decade

🌍 N. Korea Fires Several Cruise Missiles Off West Coast

💵 Fed's Powell Will Discuss Interest Rates, Inflation On 60 Minutes Sunday

💵 Bank Term Funding Borrowings Edge Lower After Fed Raised Rate

💵 IMF Chief Says Fed Rate Cuts Are Better Late Than Early

🇨🇦 BoC's Macklem Cites Bond Demand As Source Of Canada Repo Stress

💵 JPMorgan Says Exit Five-Year Treasury Bets, Bank Angst Overdone

📈 Meta Shares Jump As Investors Cheer Dividend And $50 Bln Buyback

📈 Apple Revenue Boosted By iPhone Sales And Record Services Growth

📈 Amazon Quarterly Sales Surge On Strong Holiday Shopping

📉 Intel Delays $20 Bln Ohio Project, Citing Slow Chip Market

US Nonfarm Payrolls - What The Banks Are Saying

The first labour market report of the new year is scheduled for release on Friday and commentators anticipate a strong reading.

A poll of economists predicted that nonfarm payrolls (NFP) added 185,000 jobs in January, down for the 216,000 figure for December. The unemployment rate is forecast to increase a tenth to 3.8%. Average hourly earnings are projected to have risen 0.3% on the month but remain unchanged at 4.1% annually. LiveSquawk

Test your technical analysis skills and answer the quiz:

Here are the important upcoming news events that could affect your trading.


Learn more: https://www.exness.global/calendar/

Cable and the rectangle pattern

GBPUSD is moving in a sideways range, forming a harmonic rectangle pattern, and it seems that it has now reached the support zone represented by the lower side of the pattern.

Below, the Stochastic oscillator indicator is intersecting over in the oversold zone.