Jump to content
  • 0

3 month position


Guest Dve

Question

0 answers to this question

Recommended Posts

There have been no answers to this question yet

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Daily FX Analysis – USD/CAD surges, EUR/USD nears support.   Introduction In the currency markets, USD/CAD maintains its position above the 1.3500 level ahead of Canada’s CPI data, buoyed by a stronger US Dollar. Meanwhile, EUR/USD retreats from its weekly high, eyeing support at 1.0750, and GBP/USD struggles below 1.2600 ahead of BoE Governor Bailey’s testimony. NZD/USD trades flat amid the PBoC rate decision, influenced by cautious Fed rate cut expectations. The market anticipates potential volatility with upcoming economic data and central bank announcements.   Markets In Focus Today – USD/CAD USD/CAD Holds Above The 1.3500 Mark Ahead Of Canadian CPI Data. USD/CAD edges higher to 1.3506 amid the firmer USD. Investors trimmed their bets on rate cut expectations from the Fed as the US January PPI data came in hotter than estimated. Canada’s January CPI report will be released on Tuesday, which is estimated to ease in January. The USD/CAD pair traded on a stronger note above the 1.3500 psychological mark during the Asian session on Tuesday. The uptick of the pair is bolstered by the stronger US Dollar (USD). The Canadian inflation data will be in the spotlight on Tuesday and could trigger volatility in the market ahead of the FOMC Minutes. At press time, USD/CAD is trading at 1.3506, gaining 0.12% on the day.   Technical   Overview With Chart : Moving Averages : Exponential : MA 10 : 1.3489 | Positive Crossover | Bullish MA 20 : 1.3473 | Positive Crossover | Bullish MA 50 : 1.3467 | Positive Crossover | Bullish Simple : MA 10 : 1.3487 | Positive Crossover | Bullish MA 20 : 1.3471 | Positive Crossover | Bullish MA 50 : 1.3405 | Positive Crossover | Bullish RSI (Relative Strength Index): 54.5737 | Buy Zone | Bullish   Stochastic   Oscillator : 58.9418 | Buy Zone | Positive   Resistance   And Support Levels : R1 : 1.3520 R2 : 1.3594 S1 : 1.3281 S2 : 1.3207 Overall Sentiment: Bullish Market Direction: Buy Trade Suggestion: Limit Buy: 1.3492 | Take Profit: 1.3573 | Stop Loss: 1.3442   EUR/USD   READ THE FULL REPORT VISIT US - CAPITAL STREET FX
    • Hi @DB7, Thank you for reaching out. Please make sure you are looking at cash contract instruments, not forwards or futures contracts. You should see an indicative estimated daily cost.   Thanks, KoketsoIG
    • The recent announcement by Binance regarding the discontinuation of their leveraged tokens has sent shockwaves through the crypto community. This decision, effective April 3rd, 2024, leaves many investors scrambling for alternative solutions. Recent legal challenges faced by Binance have undoubtedly impacted its operations, with the discontinuation of leveraged tokens being just one consequence. This decision leaves many traders searching for alternative platforms to pursue their leveraged trading strategies. While competitors like OKX offer leveraged tokens as well, Bitget stands out with its superior user interface, diverse product offerings, and commitment to regulatory compliance. This, combined with the ongoing challenges faced by Binance, makes Bitget an even more compelling choice for leveraged token traders. Bitget's commitment to innovation and user experience positions it as the natural successor to Binance in the leveraged token space. This is further reinforced by Bitget's recent strategic partnerships with industry leaders like Ankr and Avalanche, solidifying its position as a reliable and trustworthy platform. For the safety and longevity of the crypto ecosystem, I am glad to see the diverse array of options at the traders fingertips and that when misfortunes like that of Binance occur, there will always be reliable CEXs to mitigate its impact! what are your thoughts? Do you have or know someone that trades with Binance? what will be your advice to them?  
×
×
  • Create New...
us