Navigate the Financial Wilderness!
Navigate the Financial Wilderness!

Forex & Financial news and FxPro analytics

US Election Trading Conditions 2024
Brokers News
US Election Trading Conditions 2024

The U.S. election takes place on November 5th, 2024, and markets are expected to experience heightened volatility. Any changes to trading conditions during this period will be updated on this page. Current Status: Normal trading conditions remain in effect.

Gold Wave Analysis 6 November 2024
Technical analysis
Gold Wave Analysis 6 November 2024

– Gold broke support area – Likely to fall to support level 2600.00 Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel.

USDJPY Wave Analysis 6 November 2024
Technical analysis
USDJPY Wave Analysis 6 November 2024

– USDJPY broke resistance area – Likely to rise to resistance level 156.00 USDJPY currency pair today broke the resistance area located between the resistance level 153.25 (which reversed the pair twice at the end of October) and the 61.8%.

Euro Falls on Trade War Fears
Market Overview
Euro Falls on Trade War Fears

The single currency has been one of the losers from Trump’s victory, losing 2% on Wednesday to 1.07, its lowest since July. And it’s not just a story of a strong dollar, with the euro also losing around 0.7% against.

Crypto Euphoria
Crypto Review
Crypto Euphoria

The crypto market is experiencing euphoria, with its cap reaching $2.45 trillion. Bitcoin is driving the rally, hitting an all-time high of $75.4K. Ethereum gains recognition from pension funds. Mt.Gox sent a large transaction of 34,371 BTC to unknown wallets.

EURUSD Wave Analysis 5 November 2024
Technical analysis
EURUSD Wave Analysis 5 November 2024

– EURUSD rising inside impulse wave 1 – Likely to reach resistance level 1.1000 EURUSD currency pair continues to rise inside the sharp impulse wave 1 which started earlier from the support zone between the key support level 1.07865 (former.

S&P 500 Wave Analysis 5 November 2024
Technical analysis
S&P 500 Wave Analysis 5 November 2024

– S&P 500 reversed from support area – Likely to rise to resistance level 5850.00 S&P 500 index earlier reversed up from the support area located between the key support level 5695.00 (which reversed the index for 7 consecutive days.

A volatile week is more likely to be followed by a rise in equities
Market Overview
A volatile week is more likely to be followed by a rise in equities

Market volatility is likely to peak this week, setting the stage for the next two to three months. Typically, volatility is synonymous with declines in equity indices, although that’s not entirely accurate. The pattern of market volatility fits well with.

The Dollar Is Ready to Start the Trend
Market Overview
The Dollar Is Ready to Start the Trend

The Dollar Index DXY is poised for a new trend after a strong October. Recent pullback to 78.6% retracement level consolidates liquidity. f DXY falls below 103, it may drop to 100 or even 90. A rise above 104.5 could signal an upward trend towards 107.4 or even 114.7.

Crypto: volatility without direction
Crypto Review
Crypto: volatility without direction

Market picture The crypto market cap remained at $2.24 trillion, a recovery after the market hit a low point at the very end of trading on Monday at $2.19 trillion. We continue to view this pullback to the lows of.

WTI Wave Analysis 4 November 2024
Technical analysis
WTI Wave Analysis 4 November 2024

– WTI reversed from long-term support level 66.75 – Likely to rise to resistance level 75.00 WTI crude oil recently reversed up from the long-term support level 66.75 (which has been reversing the price from the end of 2021), standing.

EURCAD Wave Analysis 4 November 2024
Technical analysis
EURCAD Wave Analysis 4 November 2024

– EURCAD reversed key resistance level 1.5160 – Likely to fall to support level 1.5100 EURCAD currency pair recently reversed down from the key resistance level 1.5160 (which has been steadily reversing the price from the start of August as.

OPEC+ continues to actively support oil prices
Market Overview
OPEC+ continues to actively support oil prices

Market Picture Crude oil gained around 2.5% on Monday after OPEC+ reported that it intends to delay the cartel’s production quota increase by one month from December. The November 2023 agreement calls for eight major producers, including Saudi Arabia and.

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