Day: January 23, 2023

Jan 23
Murrey Math Lines 23.01.2023 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar” On H4, the quotes are in the overbought area. The RSI is also nearing the overbought area. As a result, a downward breakaway of +1/8 (1.0864) should be expected, from where the price might fall to the support level of 8/8 (1.0741). The scenario can be cancelled by rising over […]

Jan 23
Japanese Candlesticks Analysis 23.01.2023 (USDCAD, AUDUSD, USDCHF)

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the currency pair has formed a Hammer reversal pattern. The pair is now going by the signal in a correctional wave. The goal of the pullback might be 1.3450; then the price may bounce off the resistance level and continue the decline. However, […]

Jan 23
Precious Metals Monday 23-01-2023

Metals Market Reflects Uncertainty Ahead of Fed  The metals market has certainly had an interesting start to the year. While golds futures have been broadly higher, breaking out to fresh YTD highs in consecutive weeks, price action in silver has been much more laboured. With gold prices starting the new week with a more offered […]

Jan 23
Daily Market Outlook, January 23, 2023

Daily Market Outlook, January 23, 2023  Risk Sentiment Supported By Fed ‘Plateau’ Expectations Asian equity markets are mostly offline for Lunar New Year celebrations, Asian markets that are open are showing gains, as are European bourses and US futures, the bullish tone to markets is supported by reports in the Wall Street Journal over the […]

Jan 23
Forex Technical Analysis & Forecast 23.01.2023

EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around 1.0860 and today with an escape upwards the wave of growth might extend to 1.0941. Then falling to 1.0872 should follow, after which the price might leap up to 1.0960. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has […]

Jan 23
Ichimoku Cloud Analysis 23.01.2022 (EURUSD, XAUUSD, USDCAD)

EURUSD, “Euro vs US Dollar” The currency pair has secured above the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0855 is expected, followed by growth to 1.1065. An additional signal confirming the growth will be a bounce […]

Jan 23
Market Spotlight: EUR Rallies on Hawkish ECB Comments

Knot Reaffirms Hawkish ECB Outlook EUR has started the week on a strong footing following further hawkish ECB commentary over the weekend. Dutch ECB member Klaas Knot told reporters over the weekend that he believes the ECB will hike rates by a further .5% at both the upcoming February and March meetings. Furthermore, Knot warned […]

Jan 23
Market Spotlight: AZN Shares At Risk of Deeper Drop

AZN Stock Under Pressure Shares in UK-headquartered AstraZeneca are back under heavy selling pressure on Monday as the stock extends recent losses. Now trading down by almost 7% from the 2023 highs, the company recently outlined plans to buy US bio-tech Firm Cin Cor for $1.8 billion. However, it seems that stockholders are not overly […]

Jan 23
What Is An Introducing Broker?

What is an introducing broker? An introducing broker (IB) is a type of broker that acts as an intermediary between its clients and a larger, more established broker-dealer. The IB does not have its own capital to trade with, but instead brings clients to the broker-dealer, who then executes the trades on behalf of the […]