Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
March 21, 2024 DAILY MARKET NEWSLETTER: Fed Hints at Rate Cuts, Stocks Surge
Abstract：Consider including the date in your title for clarity.
DAILY MARKET NEWSLETTER: March 21, 2024Trading Central's Top InsightsHere's your daily dose of market analysis from Trading Central's global research team. Use these insights to kickstart your trading day!Market Wrap: Bulls Take Charge
The Fed's signal of potential rate cuts fueled a rally in US stocks yesterday. The Dow Jones and S&P 500 soared to record closing highs.
Tech giants including Tesla, Meta, Apple, Microsoft, Nvidia, Alphabet, and Amazon enjoyed strong gains.
Chipotle Mexican Grill jumped on news of a stock split, and Paramount Global surged on buyout rumors.
Microstrategy, a major Bitcoin holder, rebounded after recent losses.
US oil prices dipped, while gold rose in value.
Forex: US Dollar Dips
The Fed's dovish stance weakened the US dollar.
EUR/USD, USD/JPY, GBP/USD, and AUD/USD all gained against the greenback.
USD/CHF and USD/CAD fell.
Bitcoin staged an impressive rebound, surging over 9%.
| GBP/USD Intraday: the upside prevails.Pivot:1.2765Our preference:Long positions above 1.2765 with targets at 1.2815 & 1.2840 in extension.Alternative scenario:Below 1.2765 look for further downside with 1.2735 & 1.2705 as targets.Comment:The break above 1.2765 is a positive signal that has opened a path to 1.2815. |
| USD/JPY Intraday: the downside prevails.Pivot:151.00Our preference:Short positions below 151.00 with targets at 149.80 & 149.40 in extension.Alternative scenario:Above 151.00 look for further upside with 151.40 & 151.85 as targets.Comment:The break below 151.00 is a negative signal that has opened a path to 149.80. |
| EUR/USD Intraday: further advance.Pivot:1.0900Our preference:Long positions above 1.0900 with targets at 1.0960 & 1.0980 in extension.Alternative scenario:Below 1.0900 look for further downside with 1.0875 & 1.0855 as targets.Comment:The break above 1.0900 is a positive signal that has opened a path to 1.0960. |
| Dow Jones (CME) (M4) Intraday: further advance.Pivot:39770.00Our preference:Long positions above 39770.00 with targets at 40180.00 & 40310.00 in extension.Alternative scenario:Below 39770.00 look for further downside with 39600.00 & 39430.00 as targets.Comment:The RSI shows upside momentum. |
Looking AheadToday's trading could hinge on how markets further digest the Fed's latest signals. Stay alert for volatility and keep an eye on these key assets.Interested in learning more about Taurex's IB Reward Program？ Visit https://promos.tradetaurex.com/ib-cash-rewards-en to learn more.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Tips for Muslim Traders: Staying Halal While Trading Forex
Forex trading has become increasingly popular among Muslim traders seeking financial freedom and global investment opportunities. It’s essential to ensure that trading activities remain halal (permissible) and comply with Shariah law. This article offers tips for Muslim traders to stay halal while trading in the forex market.
Original 09-02
Trade Journal 2.0: What Experienced Traders Track That Beginners Often Ignore
A Trading Journal is more than a basic record of trades. It’s a learning and improvement tool. Beginners often jot down only price and time. Experienced traders add deeper insight that helps them get better over time. Here's what they track:
Original 07-28
Crafting a Winning Forex Trading Plan: From Strategy to Execution
Learn how to build a forex trading plan from scratch with clear examples, templates, and practical tips. See a real example of trading plan and develop your own roadmap for success.
Original 07-23
6 Effective Forex Strategies for Unstable Market Trends
Forex market is unpredictable and affected by global events, central bank policies, geopolitical tensions, and even unexpected news releases .This volatility can be challenging for traders. However, those with a solid plan and strong strategies are less affected by market fluctuations..To avoid losses and stay stable in volatile conditions, it’s crucial to understand these 6 effective strategies. Theyll help you navigate market trends.
Original 07-18
WikiFX Broker
Latest News
UAE Launches Sixth 'Caution' Campaign to Combat Forex and Online Investment Fraud
WikiFXUS and UK Sanction Cambodia-Based Prince Group Over $16B Scam
WikiFXDavid Stockman On How The Fed's Money Printing Broke American Industry... And What Comes Next
WikiFXForex24 Faces CySEC Fine for Late Compliance Filing
WikiFX"Our Business Has Died": Texas Services Sector Sentiment Slumps Further In October
WikiFXOne Wrong Move Wiped Out a Government Retiree’s Lifetime Savings
WikiFXD Prime to Exit Limassol Office Amid Doo Group Restructure
WikiFXOctaFX Forex Brokerage $318 million Fraud Case in India: Authorities Arrest Pavel Prozorov!
WikiFXHow Filipinos Can Recover Funds from Crypto Scams Abroad
WikiFXTop Tips to Avoid Forex Margin Calls and Protect Your Capital
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate