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Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

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1
General News / fhjfbdnd
« Last post by ThomasOpepe on Today at 02:09:41 PM »
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3
General Discussion / Re: Daily Market Analysis By FXOpen
« Last post by FXOpen Trader on Today at 01:03:35 PM »
Commodity Currencies at Strategic Levels. What Can Affect a Breakdown Downwards?


The decline in investor expectations regarding a change in the vector of the Fed's monetary policy contributes to the fall of not only European, but also commodity currencies. So, in recent weeks:
  • AUD/USD has lost more than 200 points and is testing the extremes of 2023 near 0.6400
  • USD/CAD is trading at three-year highs and has managed to strengthen by 300 points

What may affect the pricing of the main currency pairs on the market in the coming trading sessions:
  • Speech by the President of the Federal Reserve Bank of Chicago, Austan Goolsbee (today at 17.30 GMT+3.00)
  • Publication on the number of active drilling rigs from Baker Hughes (today at 20.00 GMT+3.00)
  • Announcement on the base lending rate from the People's Bank of China (Monday at 4.15 GMT+3.00)

USD/CAD

The USD/CAD currency pair has come close to the important range of 1.3970-1.3800, above which the price has not risen since 2020.

Technical analysis of USD/CAD indicates the possibility of a downward correction in the short term, since a dark clouds combination has been formed on the daily timeframe, the development of which could lead to a breakdown of yesterday’s low at 1.3740 and a further test of 1.3650-1.3620. If the upward movement resumes, the price may break through the recent high at 1.3840 and continue to rise in the direction of 1.3970-1.3880.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.
4
General Discussion / Re: Daily Market Analysis By FXOpen
« Last post by FXOpen Trader on Today at 12:57:08 PM »
NFLX Stock Price Falls Despite Subscriber Growth


Yesterday, after the close of the main trading session on the stock market, Netflix reported to investors for the 1st quarter of 2024.

The report turned out better than expected:
→ earnings per share: actual = USD 5.28, forecast = USD 4.52;
→ gross income: actual = USD 9.40 billion, forecast = USD 9.27.
→ The number of subscribers increased by 9.3 million (expected +4.8 million).

However, NFLX's pre-market share price today is hovering around USD 580, about 6% below yesterday's closing price.

Negativity manifested itself in:
→ disappointing forecasts for the 2nd quarter;
→ investors also did not like the decision to stop providing quarterly reports on changes in the number of subscribers next year.

If NFLX stock opens today around the USD 580 level, then it would indicate that the market has moved down to the lower boundary of the parallel channel (shown in blue).



TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice.
5
Financial and Economical News / cbdjsnas
« Last post by CharlesRuign on Today at 12:41:18 PM »
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General News / Cool + for the post
« Last post by Jamestut on Today at 12:21:18 PM »
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Financial and Economical News / Home page
« Last post by UNLORM on Today at 11:53:21 AM »
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Financial and Economical News / Home page
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Financial and Economical News / Home page
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