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Forex traders that decide to trade in a bear market are looking for a strategy or a way to make a profit when markets are falling. But, is it possible to swing trade in a bear market? It is. The most used strategy in bear market trading is the swing strategy. Traders that want to swing trade must first understand the swing trade meaning. Swing trade is a trading...

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Gold price (XAU/USD) pushes back the bulls at the nine-month high, after rising for the last three consecutive days, even as it seesaws around $1,930 during the early hours of Friday’s Asian session. That said, the metal’s latest pullback could be linked to the rebound in the United States Treasury bond yields and the US Dollar after the key data, including the...

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A softer risk tone, and rebounding US bond yields benefit the USD and weigh on the major. The GBP/USD pair continues with its struggle to find acceptance above the 1.2400 mark and comes under some selling pressure on the last day of the week. The pair remains on the defensive through the first half of the European session and is currently placed around the 1.2375...

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After a brief test of the 1.0900 regions earlier in the session, EUR/USD now comes under some mild downside pressure and revisits the 1.0880 zone at the end of the week. EUR/USD seems to have met some resistance zone in the area of multi-month peaks near 1.0930 (January 26) amidst the broad-based consolidative mood in the global markets and some lackluster...

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Meta Platforms, the social media giant formerly known as Facebook, became a trillion-dollar company in June 2021. Three months later, its market value peaked at $1.08 trillion. But Meta is currently worth only $370 billion. It has lost two-thirds of its value as a slowdown in its advertising business, continued losses in its virtual reality business and rising...

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Gold price is struggling to find its feet below $1,940 in the European session. Gold traders turn cautious ahead of the critical US GDP release, which could have a significant impact on the market sentiment, as well as, the US Dollar valuations. The weakening economy should encourage the Fed to take a more dovish stance in the coming months, which should be...

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Key events: USA – Core Durable Goods Orders (MoM) (Dec) USA – GDP (QoQ) (Q4) USA – Initial Jobless Claims USA – New Home Sales (Dec) Although the U.S. PMI fell further in January, inflation did accelerate. It is still unclear whether the Fed should take a more dovish or hawkish stance – and that cannot help but affect gold. The composite U.S. PMI...

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With the S&P 500 averaging a 14.3 percent annual return over the 10-year period from early 2012 through 2021, investors were in for a nasty surprise when the broad U.S. 500 index ended 2022 down 19.4 percent. To say that pessimism is very high now would probably be an accurate assessment, as things continue to get worse because of expectations of a recession. So,...

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Gold pulls away from the multi-month top, and slides below the $1,925 level Gold price edges lower on Wednesday and moves away from a nine-month high, around the $1,942-$1,943 area touched the previous day. The XAU/USD remains on the defensive through the first half of the European session and is currently placed near the daily low, just below the $1,924 level,...

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EUR/USD trades marginally lower on the day below 1.0900 as the cautious market mood helps the US Dollar holds its ground against its rivals. The IFO data from Germany showed that business sentiment improved modestly in January but failed to help the Euro. German Economy Minister: No signs of marked recession In the annual government economic report published on...

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The price is now testing the previous higher high with a possible double top and the pair may move to the 61.8% Fibonacci retracement level meeting old support. A break here opens the risk of a strong drop as we progress through the week. However, there is important data on the calendar from the US economy and investors may be sitting on their hands until then....

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Today is Tesla's turn to report its financial results after the market closes, and no one can tell you with certainty what will happen to the stock price when the results are released. Tesla is doing very well, with the company announcing record deliveries of cars quarter after quarter, but those record deliveries have not been enough to meet market expectations...

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Over the past two decades, Apple has been one of the most valuable stocks on the market and during that time has become the most expensive company in the world. It has conquered the mobile computing era due to the success of the iPhone and supplemented its device business with a highly profitable ecosystem of services built around the App Store. Like other stocks...

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Gold price needs to break the $1,942 barrier for a fresh uptrend. Gold price is consolidating the latest uptick to near nine-month highs, as bulls take a pause contemplating the next move. Gold price is holding firmer so far this Tuesday, having witnessed good two-way trades a day before. Eurozone, United States PMI data in focus Amidst the US Federal Reserve...

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The Euro remains supported by ECB officials fighting speculation of a 25 bps hike. S&P Global Manufacturing and Services PMI surveys will likely be a reality check for the strength of the shared currency. Bulls remain in control of the sentiment around the European currency and motivate EUR/USD to flirt once again with the 1.0900 neighborhood on...

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GBP/USD drops toward 1.2300 on disappointing UK Services PMI After December’s impressive services PMI print, markets hoped for another encouraging print for January given a slightly improved outlook now that inflation appears to be headed in the right direction. This wasn’t to be the case as the new year brought with it a sustained downturn in the UK private...

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After two weeks of strong gains, European markets returned some of the momenta from earlier this year with a subdued pullback last week, with some suggesting that we may have seen highs in the short term, similar to what we saw last year. In the U.S. markets, the week was more mixed, with the Dow posting its worst week since early December, while the Nasdaq 100...

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EUR/USD has lost its traction and pulled away from the multi-month it set above 1.0900 earlier in the day. Mixed comments from European Central Bank officials regarding the rating outlook and the cautious market mood seem to be limiting the Euro's upside for the time being. We can see an RSI divergence on the chart, this may show a retracement of the price for today.