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XAUUSD : Waiting for the interest rate decision of central banksGold prices stabilized as the market awaited the meeting of major central banks this week. After last week's decline, gold prices are stabilizing as the market awaits central banks' interest rate decisions and upcoming economic data with resistance currently located at $2,040. In case the resistance cannot be overcome, gold could be pushed towards the $2,005 support level. Currently, gold is slightly down to $2,027. In the long term, gold will be boosted as the Fed cuts interest rates and geopolitical tensions continue to linger. Gold ETF fund activities: The SPDR Gold Shares fund had no action on January 23. The fund's holdings remained at 858.93 tons. Currency: DXY continues to be supported as the market discounts the Fed rate cut, pushing EUR, GBP, and AUD lower. The upcoming interest rate decisions of the ECB and BoJ could create volatility for major currency pairs.
OANDA:XAUUSDLong
by SantaTradeGold
NIO If you haven`t sold NIO at this crazy valuation: or after the BMW comparision: or reentered before the breakout: Then analyzing the options chain and the chart patterns of NIO prior to the earnings report this week, I would consider purchasing the 7usd strike price at the money Calls with an expiration date of 2023-12-15, for a premium of approximately $0.47. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:NIOLong
by TopgOptions
BIDU Baidu Options Ahead of EarningsIf you haven`t sold BIDU`s top: nor the previous ER: Then analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week, I would consider purchasing the 105usd strike price in the in the money Calls with an expiration date of 2024-6-21, for a premium of approximately $16.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:BIDULong
by TopgOptions
INTC Intel Corporation Options Ahead of EarningsIf you haven`t bought the Double Bottom on INTC here: Then analyzing the options chain and the chart patterns of INTC Intel Corporation prior to the earnings report this week, I would consider purchasing the 34usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $2.56. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:INTCShort
by TopgOptions
1
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t sold SPOT here: Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week, I would consider purchasing the 155usd strike price in the money Puts with an expiration date of 2023-11-17, for a premium of approximately $12.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:SPOTShort
by TopgOptions
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL calls before the previous earnings: Then analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week, I would consider purchasing the 42usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $0.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:UALLong
by TopgOptions
BLK BlackRock Options Ahead of EarningsIf you haven`t sold BLK here: or ahead of the previous earnings: Then analyzing the options chain and the chart patterns of BLK BlackRock prior to the earnings report this week, I would consider purchasing the 640usd strike price Puts with an expiration date of 2023-10-13, for a premium of approximately $10.80. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:BLKShort
by TopgOptions
1
USD increased thanks to the new CPI indexUSD well and truly broke the sequence of six consecutive days of losses. The dollar rebounded sharply after the inflation data, having traded around flat before the numbers. A fourth consecutive week of initial weekly jobless claims around 200k also suggested tightness in the labour market continues. Yields rose though more Fed commentary stuck to the recent script. That being that rising long-term rates are doing “some of the work” for the Fed amid tighter financial conditions. The DXY is firmly back in the long-term ascending channel. EUR had poked out of its descending channel over the last two days
Long
by Chart_MasterPro
USD/CAD: Resistance Levels to Watch in the Short TermUSD/CAD Fundamental and Technical Analysis for 28 September 2023 Fundamental Analysis The Canadian dollar has been under pressure in recent weeks, falling to its lowest level against the US dollar in over two years. This is due to a number of factors, including: Higher US interest rates: The Federal Reserve has been raising interest rates aggressively in an effort to combat inflation. This has made US dollar assets more attractive to investors, leading to a sell-off in the Canadian dollar. Weaker oil prices: Oil is Canada's main export, and a decline in oil prices can have a significant impact on the Canadian dollar. Oil prices have been falling in recent months due to concerns about a global recession. Risk aversion: Investors are becoming more risk averse due to the ongoing war in Ukraine and the rising cost of living. This is leading to a flight to safety into US dollar assets. Technical Analysis On the technical charts , USD/CAD is in a bullish trend. The pair has broken above its downtrend line and is now trading above its 200-day moving average. This suggests that the bulls are in control and that the pair could continue to move higher in the short term. On the 30-minute chart, USD/CAD is facing resistance at 1.3600. If the pair can break above this level, it could target 1.3650 and 1.3700. On the downside, support is at 1.3550 and 1.3500. On the 4-hour chart, USD/CAD is facing resistance at 1.3650. If the pair can break above this level, it could target 1.3700 and 1.3750. On the downside, support is at 1.3600 and 1.3550. On the daily chart, USD/CAD is facing resistance at 1.3700. If the pair can break above this level, it could target 1.3750 and 1.3800. On the downside, support is at 1.3650 and 1.3600. Overall Outlook The Canadian dollar is under pressure against the US dollar due to a number of factors, including higher US interest rates, weaker oil prices, and risk aversion. On the technical charts, USD/CAD is in a bullish trend. The pair is facing resistance at 1.3600 on the 30-minute and 4-hour charts, and at 1.3700 on the daily chart. If the pair can break above these resistance levels, it could continue to move higher in the short term. I hope this post is helpful. This analysis represents is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
by YExplore