Unpleasant signals of the currency market, despite the stocks rally
Current market sentiment contrasts sharply with that of precisely one year ago. However, the coming January is not necessarily going to be as positive as was the previous one.
The foreign exchange market also makes markets look into the future with some nervousness.
https://fxpro.news/daily-forex-outlook/unpleasant-signals-of-the-currency-market-despite-the-stocks-rally-20191223/
Current market sentiment contrasts sharply with that of precisely one year ago. However, the coming January is not necessarily going to be as positive as was the previous one.
The foreign exchange market also makes markets look into the future with some nervousness.
https://fxpro.news/daily-forex-outlook/unpleasant-signals-of-the-currency-market-despite-the-stocks-rally-20191223/
Bit-comment: Christmas gift for ‘hodlers’
Bitcoin decided to delight his holders with the growth on Christmas Eve. On the evening of December 22, the first cryptocurrency switched to growth mode, which continues at the beginning of the new week. During the last 24 hours, BTC has been growing by more than 5% and is trading around $7,600.
https://fxpro.news/analysis-and-insight/bit-comment-christmas-gift-for-cryptomarket-holders-20191223/
Bitcoin decided to delight his holders with the growth on Christmas Eve. On the evening of December 22, the first cryptocurrency switched to growth mode, which continues at the beginning of the new week. During the last 24 hours, BTC has been growing by more than 5% and is trading around $7,600.
https://fxpro.news/analysis-and-insight/bit-comment-christmas-gift-for-cryptomarket-holders-20191223/
#WaveAnalysis
#GBPAUD is expected to fall further toward the next support level 1.8570
https://fxpro.news/market-snapshots/gbpaud-wave-analysis-23-december-2019-20191223/
#GBPAUD is expected to fall further toward the next support level 1.8570
https://fxpro.news/market-snapshots/gbpaud-wave-analysis-23-december-2019-20191223/
Debt as potential 2020 world problem
As we approach the end of the year on an optimistic note, convinced that the world economy has managed to reverse from slowdown to acceleration. Stock markets fully reflect these expectations, ending 2019 with the sharpest growth in more than 20 years.
As a result of this general optimism, it is worth double-checking the potential risks surrounding markets on the eve of the new year.
https://fxpro.news/daily-forex-outlook/debt-as-potential-2020-world-problem-20191224/
As we approach the end of the year on an optimistic note, convinced that the world economy has managed to reverse from slowdown to acceleration. Stock markets fully reflect these expectations, ending 2019 with the sharpest growth in more than 20 years.
As a result of this general optimism, it is worth double-checking the potential risks surrounding markets on the eve of the new year.
https://fxpro.news/daily-forex-outlook/debt-as-potential-2020-world-problem-20191224/
Sad but true: cryptocurrency won’t fly to the Moon
Bitcoin partially offset yesterday’s growth by 3% to $7,400. It needs to exceed $8K and stay afloat for some time for the benchmark coin to prove it ends the downtrend. However, this may not be an easy task.
As for next year, it looks very likely that Bitcoin, after a series of “tug-of-war” occasions, will still make another leap upwards, but its scale may be much more limited even in comparison with the summer rally.
https://fxpro.news/analysis-and-insight/sad-but-true-cryptocurrency-wont-fly-to-the-moon-20191224/
Bitcoin partially offset yesterday’s growth by 3% to $7,400. It needs to exceed $8K and stay afloat for some time for the benchmark coin to prove it ends the downtrend. However, this may not be an easy task.
As for next year, it looks very likely that Bitcoin, after a series of “tug-of-war” occasions, will still make another leap upwards, but its scale may be much more limited even in comparison with the summer rally.
https://fxpro.news/analysis-and-insight/sad-but-true-cryptocurrency-wont-fly-to-the-moon-20191224/
#WaveAnalysis
#Gold is expected to rise further toward the next resistance level 1513.00
https://fxpro.news/market-snapshots/gold-wave-analysis-24-december-2019-20191224/
#Gold is expected to rise further toward the next resistance level 1513.00
https://fxpro.news/market-snapshots/gold-wave-analysis-24-december-2019-20191224/
#WaveAnalysis
#AUDUSD is expected to fall further toward the next support level 0.6840
https://fxpro.news/market-snapshots/audusd-wave-analysis-24-december-2019-20191224/
#AUDUSD is expected to fall further toward the next support level 0.6840
https://fxpro.news/market-snapshots/audusd-wave-analysis-24-december-2019-20191224/
The start of 2020 may be a repeat of January 2018
Financial markets end the year on a high note, supported on the one hand by improved macroeconomic indicators, and, on the other, by hopes for an early signing of the first phase of a trade agreement.
However, January often comes with a reassessment of the previous market movement. It was an upward reversal in January 2019, but it looks more like the exception than the rule. More commonly in recent years, following the strong October-December chord, at some point in January, the markets came under pressure. In this regard, it may well turn out that the beginning of 2020 may be a repeat of 2018.
https://fxpro.news/daily-forex-outlook/the-start-of-2020-may-be-a-repeat-of-january-2018-20191226/
Financial markets end the year on a high note, supported on the one hand by improved macroeconomic indicators, and, on the other, by hopes for an early signing of the first phase of a trade agreement.
However, January often comes with a reassessment of the previous market movement. It was an upward reversal in January 2019, but it looks more like the exception than the rule. More commonly in recent years, following the strong October-December chord, at some point in January, the markets came under pressure. In this regard, it may well turn out that the beginning of 2020 may be a repeat of 2018.
https://fxpro.news/daily-forex-outlook/the-start-of-2020-may-be-a-repeat-of-january-2018-20191226/
Death cross over Bitcoin
Bitcoin’s sideways price trend has been going on for over a month. With highs around $7800 and lows bear $6600, most of the time the Bitcoin price was close to $7200. Technical analysts believe that now there are prerequisites for growth in the market, citing the growth of long positions at Bitfinex.
However, fans of graphic analysis mostly see bearish signs, citing the “death cross”. The latter concerns short-term prospects, which are supplemented by another observation: without the growth impulse, the pressure increases.
https://fxpro.news/analysis-and-insight/death-cross-hangs-over-bitcoin-20191226/
Bitcoin’s sideways price trend has been going on for over a month. With highs around $7800 and lows bear $6600, most of the time the Bitcoin price was close to $7200. Technical analysts believe that now there are prerequisites for growth in the market, citing the growth of long positions at Bitfinex.
However, fans of graphic analysis mostly see bearish signs, citing the “death cross”. The latter concerns short-term prospects, which are supplemented by another observation: without the growth impulse, the pressure increases.
https://fxpro.news/analysis-and-insight/death-cross-hangs-over-bitcoin-20191226/
#WaveAnalysis
Natural Gas (#NTG) is expected to rise further toward the next resistance level 2.300
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-26-december-2019-20191226/
Natural Gas (#NTG) is expected to rise further toward the next resistance level 2.300
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-26-december-2019-20191226/
#WaveAnalysis
#NZDUSD is expected to rise further toward the next resistance level 0.6700
https://fxpro.news/market-snapshots/nzdusd-wave-analysis-26-december-2019-20191226/
#NZDUSD is expected to rise further toward the next resistance level 0.6700
https://fxpro.news/market-snapshots/nzdusd-wave-analysis-26-december-2019-20191226/
After stocks and EM currencies, investor’s focus turned to commodities
The relationship between oil prices and the global economic growth rate, as well as a noticeable lag behind the dynamics of stocks in recent months, puts such commodities as oil and gold among attractive for the coming months.
https://fxpro.news/daily-forex-outlook/after-stocks-and-em-currencies-investors-focus-turned-to-commodities-20191227/
The relationship between oil prices and the global economic growth rate, as well as a noticeable lag behind the dynamics of stocks in recent months, puts such commodities as oil and gold among attractive for the coming months.
https://fxpro.news/daily-forex-outlook/after-stocks-and-em-currencies-investors-focus-turned-to-commodities-20191227/
#WaveAnalysis
#AUDUSD is expected to rise further in the active impulse wave 3 toward the next resistance level 0.7080
https://fxpro.news/market-snapshots/audusd-wave-analysis-27-december-2019-20191227/
#AUDUSD is expected to rise further in the active impulse wave 3 toward the next resistance level 0.7080
https://fxpro.news/market-snapshots/audusd-wave-analysis-27-december-2019-20191227/
The old rally in the new year
Geopolitics got loud at the beginning of the year, but today it should give way to macroeconomic news as US employment data is published.
Robust November data has removed much of the fear that the world’s largest economy is slowing down. December data is expected to show growth by 150K-160K, which looks good after a jump of 266K a month earlier.
Fears of a full-fledged military confrontation between the US and Iran made the markets worry last week, but soon the situation returned to the previous course.
Another pleasant surprise for the markets from macrodata may finally remove all the obstacles for the growth of stock markets. A sharp deterioration in the data may alert the markets, returning doubts about the economy’s ability to record-breaking 11th consecutive year.
For the dollar, the situation looks more complicated.
https://fxpro.news/daily-forex-outlook/the-old-rally-in-the-new-year-20200110/
Geopolitics got loud at the beginning of the year, but today it should give way to macroeconomic news as US employment data is published.
Robust November data has removed much of the fear that the world’s largest economy is slowing down. December data is expected to show growth by 150K-160K, which looks good after a jump of 266K a month earlier.
Fears of a full-fledged military confrontation between the US and Iran made the markets worry last week, but soon the situation returned to the previous course.
Another pleasant surprise for the markets from macrodata may finally remove all the obstacles for the growth of stock markets. A sharp deterioration in the data may alert the markets, returning doubts about the economy’s ability to record-breaking 11th consecutive year.
For the dollar, the situation looks more complicated.
https://fxpro.news/daily-forex-outlook/the-old-rally-in-the-new-year-20200110/
Bitcoin lost momentum, but markets believe in its 2020 outlook
As the crypto market began to grow in the first days of the year, the technical picture pointed to a significant overbought of the Bitcoin.
It is not surprising that now we are witnessing a rollback in prices. However, the cautious nature of the reversal suggests that the level of optimism is still quite high.
https://fxpro.news/analysis-and-insight/bitcoin-lost-momentum-but-markets-believe-in-its-2020-outlook-20200110/
As the crypto market began to grow in the first days of the year, the technical picture pointed to a significant overbought of the Bitcoin.
It is not surprising that now we are witnessing a rollback in prices. However, the cautious nature of the reversal suggests that the level of optimism is still quite high.
https://fxpro.news/analysis-and-insight/bitcoin-lost-momentum-but-markets-believe-in-its-2020-outlook-20200110/
FxPro: our 2019 in review
Everything FxPro has one in 2019 was for the benefit of our traders and we are very pleased to announce the key metrics and achievements of the year! 👇🏻
https://www.fxpro.com/press-release/fxpro-our-2019-in-review
Everything FxPro has one in 2019 was for the benefit of our traders and we are very pleased to announce the key metrics and achievements of the year! 👇🏻
https://www.fxpro.com/press-release/fxpro-our-2019-in-review