Exness_Official

Exness_Official

NIO Limited (symbol ‘NIO’) share price incurred losses for the quarter and declined by around 2%. The company’s earnings report for the fiscal quarter ending September 2023 is expected to be released on Tuesday 5th of December, before market open. The consensus EPS is $-0.43 against $-0.36 of the same quarter last year. ‘The fact that the company has had...

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Alibaba Group Holding Ltd's stock (symbol 'BABA') might recover in the next few days if Chinese shares generally move up. BABA has lost around 25% of its value since the end of July and dominant oversold conditions with relatively strong financials might bring some positivity. The outlook for demand seems overall neutral rather than negative and earnings per...

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Shares in Broadcom Inc (symbol ‘AVGO’) have moved up so far this month with higher momentum to reach an all-time high of $999.50 on 20 November. The focus on AI has been very positive for this share, with the price having gained around 80% since the beginning of the year. Broadcom’s earnings report for the financial quarter ending in October is expected on...

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Shares in Costco Wholesale Corp (symbol ‘COST’) reached 18-month highs in the last fortnight amid ongoing strong sales. Recent general positivity in stock markets comes mainly from the likelihood that the Federal Reserve has reached its terminal rate for this cycle and might start to pivot from the second quarter of next year. Costco’s earnings report for the...

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American light oil (symbol ‘USOIL’) has bounced from 16 November’s closing low to reach around $77.50 at the time of writing. Although traders remain preoccupied with the middling performance of China’s economy, some positivity comes from the potential for OPEC+ to announce further limits on production at its next meeting. ‘OPEC+’s upcoming meeting on Sunday 26...

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Euro-dollar’s upward reaction to last week’s inflation data was unusually aggressive for a major forex pair: it was the largest daily movement by this symbol in 2023 so far. This combined with clear overbought conditions from Bands and the slow stochastic might make EURUSD less attractive for buyers compared to gold or other majors with the dollar like...

Exness_Official

Gold’s bounce gained strength after the latest inflation data as the dollar lost strength and participants expected an earlier pivot by the Fed. $2,000 remains the key psychological resistance, but now there seems to be some possibility for this to be broken, if only temporarily, within the next few weeks. The price has broken through the dynamic resistance of...

Exness_Official

Gold prices remained near a three-week low as the dollar remained strong and investors await U.S. inflation data to gauge the Federal Reserve's stance on interest rates. The decline in gold prices last week was attributed to Fed Chair Jerome Powell's hawkish remarks while the upcoming U.S. consumer prices index (CPI) data is expected to play a role in determining...

Exness_Official

Crude oil had reversed below the dynamic support area after testing the psychological level of $80. It’s possible to observe a continuation to the upside as shown in the chart below. Robust trends rarely reverse quickly and rather turn into trading ranges, so it is possible to see the bullish leg of the trading range during upcoming period.

Exness_Official

As the stock market is finishing the earnings season, the growth potential may be over. Nasdaq had reached an important resistance level of 15200 and displays technical weakness above this level, supported by fresh hawkish statements of FED. So, it is possible to observe a pullback of Nasdaq lower to the area below 15000.

Exness_Official

Major global currencies, including the dollar, euro, sterling, and yen, were steady on Monday as investors anticipated further declines in the dollar following the Federal Reserve's less hawkish stance. The dollar index slipped and hit a six-week low after declining more than 1% last week. Weaker U.S. jobs data, softer manufacturing numbers, and a decline in...

Exness_Official

Gold is moving in a correctional trend in the context of an intermediate-term bullish trend. The dynamic support area is located slightly below the current price action. Should the price test the rectangular area indicated below the price, it may turn to another bullish swing and retest the 2000 price area again. The declining US dollar and slipping yields of...

Exness_Official

Fed's meeting is expected to end in keeping the interest rates stable but the focus is shifted on the subsequent press conference. Market participants will be closely monitoring the US manufacturing data, Fed meeting and the US job report which includes the NFP and unemployment rate.

Exness_Official

Gold prices are trading around the key $2,000 level on Monday due to safe-haven demand amid escalating conflict in the Middle East. Investors are cautious ahead of the upcoming U.S. Federal Reserve policy meeting and the US job report on Friday that are broadly expected to create volatility to the majority of the instruments traded against the Dollar. . The Fed is...

Exness_Official

Oil prices dropped $1 a barrel on Monday as investors await the outcome of the Federal Reserve policy meeting and China's manufacturing data and the market is cautious due to concerns about an economic slowdown that could impact fuel demand. Despite the ongoing conflict in the Middle East, oil prices retreated as concerns over the potential for Israel’s ground...

Exness_Official

Natural gas had broken the trading range and achieved $3.6 per contract. Given the situation in the commodity markets, natural gas may continue moving higher after testing the $3.2-$3.4 level.

Exness_Official

The US dollar remains to stay strong with the restrictive monetary policy from FED. The current pullback may turn into another bearish swing after speech of Jerome Powell next week during the FED’s press-conference.

Exness_Official

Natural gas had broken the trading range and achieved $3.6 per contract. Given the situation in the commodity markets, natural gas may continue moving higher after testing the $3.2-$3.4 level.