Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
-
Welcome Guests
Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.
All Activity
This stream auto-updates
- Today
-
KAR Openlane stock breakout at https://stockconsultant.com/?KAR
-
GDRX GoodRx stock, watch for a bottom breakout above 5.12 at https://stockconsultant.com/?GDRX
- Yesterday
-
CART Maplebear stock, nice close and bull flag breakout at https://stockconsultant.com/?CART
-
APP Applovin stock, watch for a top of range breakout, target 450 area, earnings 2/12 aMkt at https://stockconsultant.com/?APP
-
ATYR Atyr Pharma stock, watch for a top of range breakout at https://stockconsultant.com/?ATYR
-
AMPX Amprius Technologies stock watch for a narrow range breakout at https://stockconsultant.com/?AMPX
-
KSS Kohls and LEN Lennar stocks, big breakdowns at https://stockconsultant.com/?KSS
-
SERV Serve Robotics stock, nice rally off the 16.27 support area, from Stocks to Watch at https://stockconsultant.com/?SERV
-
PTCT PTC Therapeutics stock watch for a bull flag breakout at https://stockconsultant.com/?PTCT
-
ANGO Angiodynamic stock watch, pullback to 11.01 support area with high trade quality at https://stockconsultant.com/?ANGO
- Last week
-
SERV Serve Robotics stock watch, attempting to move higher off the 16.27 support area at https://stockconsultant.com/?SERV
-
MAR Marriott stock with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?MAR
-
HFMarkets (hfm.com): Market analysis services.
HFblogNews replied to HFblogNews's topic in Technical Analysis
Date: 7th February 2025. Global Currency Market Analysis: Key Drivers and NFP's Impact. The Japanese Yen, Canadian Dollar, and Australian Dollar have performed well throughout the week. However, today, the US will release the NFP Employment Change, Average Salary Growth, and Unemployment Rate. As a result, most currencies are likely to witness high volatility throughout today’s US session. US Dollar The US Dollar may seem like the worst-performing currency of the week. However, traders should note on Monday the currency opened on a gap measuring more than 1%. Therefore, the US Dollar is only trading 0.60% lower this week and that can easily change with the release of today’s NFP data. Analysts expect the Non-Farm Payroll figure to read 169,000 which is lower than the 256,000 from the previous month, but more or less, at the average of the past 6 months. The Unemployment Rate is expected to remain at 4.1% and the Average Salary Growth at 0.3%. If the NFP data reads higher than expectations, the US Dollar can quickly increase in value. Particularly, if the unemployment rate falls to 4.00%. Chicago Fed President Austan Goolsbee warned that higher trade tariffs could drive inflation. Fed Vice Chair Mr Jefferson added that interest rates should stay unchanged until the full effects of Trump's policies. Mr Jefferson is mainly focusing on the effects of tariffs, immigration, and taxes. Live NFP Analysis British Pound The British Pound was the worst-performing currency of the day on Thursday due to pressure from the Bank of England. The downward pressure came from the Monetary Policy Committee. Two members of the board, Catherine Mann and Swati Dhingra, supported the adjustment of the cost of borrowing by 50 basis points. Previously, analysts expected only 1 vote. In addition to this, no member took a hawkish stance which also put pressure on the GBP. The Bank of England also made adjustments to the UK Gross Domestic Product to illustrate a weaker outlook. Analysts also expect inflation to rise in the UK due to increases in national insurance contributions. For this reason, many traders currently hold a bearish bias towards the GBP. The current support level for the GBPUSD can be seen at 1.23567 which is currently 0.65% lower than the current price. However, the exchange rate will mainly be driven by the US Dollar throughout the day. Japanese Yen The Japanese Yen is the best-performing currency of the week adding more than 2.10% to the JPY Index. The main price driver pushing the JPY higher is the Bank of Japan’s monetary policy and recent hawkish comments. Bank of Japan member Mr Tamura stated that the BoJ should raise interest rates to at least 1% by the second half of 2025. He cited ongoing inflation risks, with companies continuing to pass rising raw material and labour costs onto consumers. Tamura warned that if short-term interest rates stay below the neutral level, inflation will likely accelerate further. The hawkish comments continue to positively influence the Japanese Yen, the best-performing currency of 2025 so far. Many investors are looking to increase their exposure to the Yen, attracted by its safe-haven status and its current low value, which remains 14% below its 2022 level. Check out which Japanese Yen pairs are tradable here! Key Takeaway points: Top Currencies: The Japanese Yen, Canadian Dollar, and Australian Dollar led the week, but US NFP data may shake up rankings. US Dollar: Despite a mixed performance, a strong NFP report could reverse losses, especially if unemployment drops to 4.0%. British Pound Pressure: The BoE's dovish stance and GDP outlook weighed on the GBP, with traders maintaining a bearish bias. Japanese Yen Strength: Hawkish BoJ comments and inflation concerns fueled a 2.10% JPY rally, attracting investors seeking a safe-haven asset. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
SATS EchoStar stock, watch for a top of range breakout above 29.6 at https://stockconsultant.com/?SATS
-
HWM Howmet Aerospace stock, watch for a bull flag breakout above 129.3 at https://stockconsultant.com/?HWM
-
NEON Neonode stock, watch for a local breakout, target 12 area at https://stockconsultant.com/?NEON
-
CVNA Carvana stock, nice rally, top of the range breakout watch at https://stockconsultant.com/?CVNA
-
DXCM Dexcom stock watch for a bull flag breakout above 89.51 at https://stockconsultant.com/?DXCM
-
PODD Insulet stock with a narrow range breakout at https://stockconsultant.com/?PODD
-
HFMarkets (hfm.com): Market analysis services.
HFblogNews replied to HFblogNews's topic in Technical Analysis
Date: 6th February 2025. Analysts Expect the BoE To Cut GDP Forecasts and Raise Inflation Projections! At 12:00 GMT, the Bank of England will reveal its latest rate decision, with economists anticipating some changes. Analysts expect the changes to spark volatility in the Great British Pound and the FTSE100 throughout the day. Currently, the GBP Index is trading lower, but what can traders expect from the BoE and what will it mean for the British Pound? What to Expect from the Bank of England? Analysts predict officials will lower the interest rate by 25 basis points to 4.50% and downgrade economic growth forecasts, signaling a continued “dovish” stance. Overall, borrowing costs could decrease by 85 basis points this year. Today’s interest rate cut will be the UK’s first rate adjustment since September 2024. The interest rate decision itself will have a limited effect on the GBP as the adjustment has already been priced in the market. The price movement will largely depend on the Bank of England's adjustments to their predictions for GDP in 2025, inflation expectations and the Monetary Policy committee votes. Analysts expect the committee to have eight members vote for rate cuts and one to vote for a pause. Even if one member votes for a different adjustment, the GBP may experience higher volatility. The Bank of England may also amend their expectations for 2025 to indicate lower growth and higher inflation. Many UK economists believe the BoE will cut the UK’s Gross Domestic Product projections from 1.5% to 1.00%. Higher inflation is also likely to be a key part of today’s BoE press conference as higher national insurance contributions are likely to trigger higher inflation and lower consumer demand. GBPUSD - The US Dollar On the Round? The British Pound is not witnessing any significant decline in value as the Bank of England rate decision approaches. However, the GBP Index is trading 0.25% lower largely due to the US Dollar which is rebounding after declining for 3-days. The price movement of the US Dollar will largely depend on tomorrow’s employment data and any further decisions on tariffs. President Donald Trump approved a 25.0% tariff on Mexican and Canadian goods starting on February 1st, but implementation was delayed after agreements were reached. Canada and Mexico reportedly committed to stricter border controls. Markets have since shifted focus to potential tariffs on EU imports, though no decisions have been made. In response, the European Commission announced plans for retaliatory measures, despite the risk of worsening global trade conditions. Meanwhile, Morgan Stanley analysts revised their monetary policy forecast, now expecting just one 25-basis-point rate cut instead of two. They believe Trump's tariff policies will drive inflation higher, limiting further adjustments in the near term. Any statements or decisions on tariffs are likely to spark volatility and may benefit the US Dollar. The same applies to tomorrow’s employment data: NFP Employment Change, Salary Growth and the US Unemployment Rate. If the data indicate a stable and resilient employment sector, the US Dollar can rise further. Currently, the US 10-Year Treasury trades 17 points higher which can also support the USD if the yields continue to rise throughout the day. GBPUSD - Technical Analysis The price of the exchange rate (GBPUSD) is trading downwards towards the main trendlines and the average price. The current bearish swing has corrected the previous impulse wave and the GBPUSD now trades at the support level. If the price drops below the previous low at 1.24613, the price movement would indicate a potential change in trend in favour of the Dollar. However, this would also depend on the BoE, NFP and tariffs. Key Takeaways: The BoE is set to cut rates to 4.50%, with possible GDP and inflation downgrades for the UK. GBP and FTSE100 volatility hinges on BoE statements, policy votes, and 2025 projections. The GBP index trades lower as the US Dollar regains momentum. The USD rebounds after a three-day dip, driven by potential tariffs and NFP data. If the GBPUSD drops below 1.24613 could signal a bearish shift. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
RRC Range Resources stock, nice rally off the 37.56 support area, from Stocks to Watch at https://stockconsultant.com/?RRC
-
LB Landbridge stock, great day off the 66 support area at https://stockconsultant.com/?LB
-
GALT Galectin Therapeutics stock, nice close, watch for an upside gap breakout at https://stockconsultant.com/?GALT
-
CLOV Clover Health stock, getting closer, breakout watch at https://stockconsultant.com/?CLOV
-
ACAD Acadia Pharmaceuticals stock, nice ascending triangle breakout, from Sto cks to Watch at https://stockconsultant.com/?ACAD
