EUR/USD (Last Price: 1.0792) SELL First, Entry = 1.0785, SL = 1.0825, TP = 1.0745 if hit SL, then BUY, Entry = 1.0825, SL = 1.0785, TP = 1.0865 GBP/USD (Last Price: 1.2050) SELL First, Entry = 1.2035, SL = 1.2075, TP = 1.1995 if hit SL, then BUY, Entry = 1.2075, SL = 1.2035, […] [Read More...]
USD/JPY Post FOMC: Fading Recession Perceptions See Moderate USDJPY Move
Powell acknowledged the risk of complacency around disinflationary trends but markets perceived the address as dovish, lifting risk assets while USDJPY eased lower [Read More...]
Gold Price Forecast: XAU/USD on the Precipice
Spot gold pulled back sharply post-FOMC and now stands at a key inflection point ahead of NFP and ISM data that could send XAU/USD tumbling. [Read More...]
Midday Forex Prediction For February 3, 2023
EUR/USD (Last Price: 1.0915) BUY First, Entry = 1.1000, SL = 1.0960, TP = 1.1040 if hit SL, then SELL, Entry = 1.0960, SL = 1.1000, TP = 1.0920 GBP/USD No Comment USD/JPY No Comment USD/CHF No Comment AUD/USD (Last Price: 0.7054) SELL First, Entry = 0.7052, SL = 0.7092, TP = 0.7012 if hit […] [Read More...]
EURUSD Gains As Eurozone Data Show Modest Return To Growth
The Euro ticked higher on news that its home economy expanded at last in January, raising hopes that recession can be sidestepped [Read More...]
SquaredFinancial – A Gateway to Diverse Financial Markets
#footable_5521 { font-family: inherit; font-size: 14px; } #footable_5525 { font-family: inherit; font-size: 14px; } #footable_5490 { font-family: inherit; font-size: 14px; } To experience seamless trading, traders must master the art of choosing a trusted and secure financial service provider, from the countless available options. In this review, we have explored the functional design of SquaredFinancial, an online CFDs broker, to help you assess whether this platform is authentic and safe for your market activities. About the brand Regulated by CySEC SquaredFinancial is a reputable brokerage platform with a flexible technology framework and excellent trading tools. The fintech brand integrates an extensive range of CFD products, leading trade platforms, and a detailed education section to address clients’ financial needs. On the whole… [Read More...]
Forex for February 3, 2023. Prediction and Analysis
EUR/USD (Last Price: 1.0889) BUY First, Entry = 1.0910, SL = 1.0870, TP = 1.0950 if hit SL, then SELL, Entry = 1.0870, SL = 1.0910, TP = 1.0830 GBP/USD (Last Price: 1.2204) SELL First, Entry = 1.2205, SL = 1.2245, TP = 1.2165 if hit SL, then BUY, Entry = 1.2245, SL = 1.2205, […] [Read More...]
Dow Conspicuously Lags S&P 500 and Nasdaq, Dollar Rebounds Ahead of NFPs
Risk trends started to distort this past session. On the one hand, the Nasdaq 100 and S&P 500 charged higher with hopes of a robust earnings backdrop – though actual results may signal trouble. Meanwhile, the Dow closed Thursday lower and the US Dollar shirked its safe haven status with a rally. While NFPs and an ISM update settle this discrepancy? [Read More...]
EURUSD, Bearish Movement is Expected
EURUSD is in the short term Bearish Bias. Further Bearish Movement is expected. Trading Recommendation is as follows: The post EURUSD, Bearish Movement is Expected first appeared on PreferForex. [Read More...]
Midday Forex Prediction For February 2, 2023
EUR/USD (Last Price: 1.1002) BUY First, Entry = 1.1004, SL = 1.0964, TP = 1.1044 if hit SL, then SELL, Entry = 1.0964, SL = 1.1004, TP = 1.0924 GBP/USD No Comment USD/JPY No Comment USD/CHF No Comment AUD/USD (Last Price: 0.7131) BUY First, Entry = 0.7147, SL = 0.7107, TP = 0.7187 if hit […] [Read More...]
EUR Breaking News: ECB Hike Rates by 50bps, EURUSD Looks Vulnerable
ECB hikes rates by 50bps promising more to come as inflation remains their top priority. EURUSD sub 1.10 ahead of the press conference. [Read More...]
NZDJPY, Bullish continuation is expected
NZDJPY is in strong bullish bias. Expecting the bullish movement will be continued. The trading recommendation is as follows: The post NZDJPY, Bullish continuation is expected first appeared on PreferForex. [Read More...]
Forex for February 2, 2023. Prediction and Analysis
EUR/USD (Last Price: 1.1016) BUY First, Entry = 1.1035, SL = 1.0995, TP = 1.1075 if hit SL, then SELL, Entry = 1.0995, SL = 1.1035, TP = 1.0955 GBP/USD (Last Price: 1.2382) BUY First, Entry = 1.2400, SL = 1.2360, TP = 1.2440 if hit SL, then SELL, Entry = 1.2360, SL = 1.2400, […] [Read More...]
US Dollar Slammed Post FOMC as Markets Test Fed Resolve. Where to for USD?
The US Dollar slide has continued after the New York close post the Fed hiking rates and Powell putting a dovish tilt in the mindset of the market. How low will USD go? [Read More...]
Midday Forex Prediction For February 1, 2023
EUR/USD (Last Price: 1.0882) BUY First, Entry = 1.0874, SL = 1.0834, TP = 1.0914 if hit SL, then SELL, Entry = 1.0834, SL = 1.0874, TP = 1.0794 GBP/USD (Last Price: 1.2320) BUY First, Entry = 1.2354, SL = 1.2314, TP = 1.2394 if hit SL, then SELL, Entry = 1.2314, SL = 1.2354, […] [Read More...]
USD, S&P 500 Outlook: How are Risk Assets and USD Shaping up Ahead of FOMC?
The Fed’s rate setting committee has the power to quell impressive US equity gains and prompt a resurgence in the US dollar should it continue to stress inflation risks. [Read More...]
Similarities & Differences Between Forex & Crypto
SOURCE: PreferForex – Read entire story here.
Forex for February 1, 2023. Prediction and Analysis
EUR/USD no comment GBP/USD (Last Price: 1.2311) SELL First, Entry = 1.2315, SL = 1.2355, TP = 1.2275 if hit SL, then BUY, Entry = 1.2355, SL = 1.2315, TP = 1.2395 USD/JPY (Last Price: 129.99) SELL First, Entry = 130.05, SL = 130.45, TP = 129.65 if hit SL, then BUY, Entry = 130.45, […] [Read More...]
USDCAD Offers a More Direct Contrast on Rates Post-Fed
Most FX traders – and investors in most assets for that matter – are eagerly awaiting the FOMC rate decision Wednesday afternoon. Pairs like EURUSD and GBPUSD may prove difficult to read given the ECB and BOE decisions due the following day. Yet, for USDCAD, the Fed view will find a stable counterpart. [Read More...]
Midday Forex Prediction For January 31, 2023
EUR/USD (Last Price: 1.0825) SELL First, Entry = 1.0837, SL = 1.0877, TP = 1.0797 if hit SL, then BUY, Entry = 1.0877, SL = 1.0837, TP = 1.0917 GBP/USD (Last Price: 1.2319) SELL First, Entry = 1.2337, SL = 1.2377, TP = 1.2297 if hit SL, then BUY, Entry = 1.2377, SL = 1.2337, […] [Read More...]
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