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  • General Statistics

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      10/06/21 10:53

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    • Charting the Markets: 2 February FTSE 100, DAX and S&P 500 in strong form following FOMC meeting. EUR/USD, EUR/GBP and GBP/USD rally post US Fed 25 bps rate hike. And gold boosted by weak dollar, as Natural gas and Brent crude prices head lower. Shaun Murison¬†|¬†Senior Market Analyst,¬†Johannesburg¬†| Publication date:¬†Thursday 02 February 2023 ¬† ¬† ¬† ¬† ¬† ¬† ¬† This is here for you to¬†catch up¬†but if you have any ideas on markets or events you want us to relay to the TV¬†team we‚Äôre more than happy to.
    • EUR/USD, EUR/GBP and GBP/USD rally post US Fed 25 bps rate hike Technical analysis on EUR/USD, EUR/GBP and GBP/USD within their fundamental context. ¬†Axel Rudolph FSTA¬†|¬†Senior Financial Analyst,¬†London¬†| Publication date:¬†Thursday 02 February 2023¬† EUR/USD surges to ten-month high on 25 bps Fed rate hike EUR/USD¬†rallied to a ten-month high and broke through the psychological $1.10 barrier for the first time since April 2022 as the US¬†Federal Reserve (Fed)¬†raised the fed funds rate by 25¬†basis points (bp)¬†to 4.50% to 4.75% and its chairman¬†Jerome Powell¬†mentioned the word ‚Äúdisinflation‚ÄĚ several times in his comments, leading to a rebound in risk appetite and a weaker US dollar. The cross now trades around the $1.10 mark with the November 2021 low and the March 2022 high at $1.1185 being in focus, as well as the 200-week simple moving average (SMA) at $1.1226 and perhaps even the 61.8%¬†Fibonacci¬†retracement of the 2021-to-2022¬†bear¬†market at $1.127. Slips should find support between the late April 2022 high and the 50% retracement of the 2021 to 2022 descent as well as last week‚Äôs high at $1.094 to $1.0929. While Tuesday‚Äôs low at $1.0802 underpins, the medium-term uptrend remains intact. Source: IT-Finance.com EUR/GBP is gunning for its ¬£0.8897 mid-January high Earlier this week¬†EUR/GBP¬†revisited but then rallied off its December-to-January uptrend line at ¬£0.8763 whilst awaiting Thursday‚Äôs¬†European Central Bank (ECB)¬†and¬†Bank of England (BoE)¬†rate decisions with both central banks expected to hike rates by 50-bp later today. The January high at ¬£0.8897 is currently being revisited, a rise above which would lead to levels last traded in September 2022 being reached with the minor ¬£0.90 mark being targeted. Minor support below the ¬£0.8877 December high is to be found around last week‚Äôs ¬£0.8852 high. While Wednesday‚Äôs low at ¬£0.8817 underpins, immediate upside pressure should be maintained. Source: IT-Finance.com GBP/USD has the $1.2446 December high in its sights GBP/USD¬†is once more heading up towards the December high at $1.2446 as traders await to hear by how much the BoE will raise rates today with the market anticipating a 50-bp hike to 4%. On the way up resistance can be spotted between the December and late January highs at $1.2431 to $1.2448. If overcome, the $1.25 mark would be next in line. Strong support remains to be seen between the late January and early February lows at $1.2272 to $1.2263 as well as along the September-to-February uptrend line at $1.2232. Source: IT-Finance.com ¬†
    • Turn Of The Month Trading Strategy (2023 Update) The TOM Strategy is a well-documented strategy for trading indices such as the S&P 500 & FTSE 100. The idea is simply that the markets make greater than average positive moves from the last part of the month to the early part of the next month. A common rule is go long at the close on the 5th last trading day (T-4) & sell at the close of the 3rd (T+3). Many tests have been done over the years and it has be shown to give a positive return, often more favourable than a buy and hold strategy. See our full write up and analysis. Including our test on 2022 data, https://moneysandi.com/turn-of-the-month-trading-strategy-2023-update/ Has anyone tried it? Let me know how you got on if so.¬†
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