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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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荣获2024年阿曼 Smart Vision 峰会颁赠
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荣获2024年迪拜 Forex Traders Summit 颁赠
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
荣获 World Finance Forex Awards 2018 颁赠
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荣获2018年埃及金融博览会颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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荣获 World Finance Forex Awards 2017
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2016年最佳黄金经纪商
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2016年最佳外汇经纪商
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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认证最优金牌级别
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2014年首届亚军
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Finance Magnates 颁发
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Finance Magnates 颁发
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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中东和北非地区（MENA）增长最快的经纪商
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2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年阿曼 Smart Vision 峰会颁赠
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荣获2024年迪拜外汇博览会颁赠
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荣获2024年迪拜 Forex Traders Summit 颁赠
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
荣获 World Finance Forex Awards 2018 颁赠
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荣获2018年埃及金融博览会颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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荣获 World Finance Forex Awards 2017
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2016年最佳黄金经纪商
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2016年最佳外汇经纪商
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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荣获2022年埃及金融博览会颁赠
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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2014年首届亚军
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Finance Magnates 颁发
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023最佳外汇客户服务奖
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荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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中东和北非地区（MENA）增长最快的经纪商
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2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年阿曼 Smart Vision 峰会颁赠
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荣获2024年迪拜外汇博览会颁赠
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荣获2024年迪拜 Forex Traders Summit 颁赠
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
荣获 World Finance Forex Awards 2018 颁赠
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荣获2018年埃及金融博览会颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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荣获 World Finance Forex Awards 2017
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2016年最佳黄金经纪商
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2016年最佳外汇经纪商
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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荣获2022年埃及金融博览会颁赠
-
2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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认证最优金牌级别
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2014年首届亚军
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Finance Magnates 颁发
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Finance Magnates 颁发
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023最佳外汇客户服务奖
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荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
-
Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2016最佳本土 客户服务
-
中东和北非地区（MENA）增长最快的经纪商
-
2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年阿曼 Smart Vision 峰会颁赠
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荣获2024年迪拜外汇博览会颁赠
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荣获2024年迪拜 Forex Traders Summit 颁赠
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
荣获 World Finance Forex Awards 2018 颁赠
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荣获2018年埃及金融博览会颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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荣获 World Finance Forex Awards 2017
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2016年最佳黄金经纪商
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2016年最佳外汇经纪商
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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认证最优金牌级别
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2014年首届亚军
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【XM Market Review】--Weekly Forex Forecast – EUR/USD, USD/JPY, NZD/USD, AUD/USD, USD/CAD, NASDAQ 100 Index, Cocoa Futures
Risk Warning:
The purpose of information release is to warn investors of risks and does not constitute any investment advice. The relevant data and information are from third parties and are for reference only. Investors are requested to verify before use and assume all risks.
Hello everyone, today XM Forex will bring you "【XM Market Review】--Weekly Forex Forecast – EUR/USD, USD/JPY, NZD/USD, AUD/USD, USD/CAD, NASDAQ 100 Index, Cocoa Futures". I hope it will be helpful to you! The original content is as follows:
Fundamental Analysis & Market Sentiment
I wrote on 15th December that the best trade opportunities for the week were likely to be:
- Long Bitcoin in USD terms following a daily (New York) close above $103,647. This set up on Sunday but Bitcoin then fell by 7.63%.
- Short of the EUR/USD currency pair following a daily (New York) close below $1.0414. This set up on Wednesday but unfortunately the price has risen by 0.75% since then.
- Long of the NASDAQ 100 Index. This fell by 1.84%.
- Long of Cocoa futures or a Cocoa ETF/ETC. This rose by 5.79% over the week.
The weekly loss of 4.43% equals 1.11% per asset.
Last week’s key takeaways were:
Another noteworthy item is remarks coming from a member of the European Central Bank’s decision-making body stating that rate cuts will continue over 2025.
Last week saw a strong reversal against the ongoing trend theme of a strong US stock market, after the Federal Reserve produced a more hawkish approach towards rate cuts, although this was itself partially reversed Friday with the release of lower PCE data.
President-Elect Trump tweeted over the weekend his disappointment with the fees Panama is charging the USA for its use of the canal which the USA handed over to Panama in the 1970s. Trump even threatened to seize the canal back. President Trump is probably just trying to get a discount, but his remarks may have the effect of weakening the Panamanian Balboa when markets open.
In the Forex market, the commodity currencies (AUD, CAD, NZD) are notably weak.
The Week Ahead: 23rd – 27th December
The coming week has a very light schedule as it is the week of the Christmas holiday, with many major markets on holiday from Tuesday to Thursday. This means it will likely be a light week.
The coming week’s important data points are:
Monthly Forecast December 2024
For the month of December, I forecasted that the EUR/USD currency pair would fall in value. The performance of my forecast so far is:
Weekly Forecast 22nd December 2024
Last week, I made no weekly forecast as there were no unusually strong price movements in currency crosses, which is the basis of my trading strategy.
The US Dollar was again the strongest major currency, while the Japanese Yen was again the weakest. Volatility was unchanged last week, with 41% of the most important Forex currency pairs and crosses changing in value by more than 1%.
You can trade these forecasts in a real or demo Forex brokerage account.
Key Support/Resistance Levels for Popular Pairs
Technical Analysis
US Dollar Index
Last week, the US Dollar Index again printed a bullish candlestick that continued in the direction of the long-term bullish trend, making its highest close and highest high price in more than 2 years. The recent price action also seems to have retested the upper trend line of the formerly dominant consolidating triangle chart pattern, which can be seen in the price chart below. The price is above its price from three and six months ago, suggesting a healthy long-term bullish trend in the greenback that should be exploitable. However, the price has also rejected the resistance level shown below at 107.95, and the candlestick has quite a large upper wick, which are bearish factors.
I have plenty of fundamental reasons to be bullish on the US Dollar after the Federal Reserve’s hawkish tilt last week which took markets by surprise and triggered a rise in the greenback and a sharp selloff in stocks, while US treasury yields rose. However. Friday’s PCE data showed inflationary pressure as lower than expected, which pushed the Dollar lower and stocks higher.
There is a bullish trend, but it may be a bit weak and show slowing momentum. Overall, I see the Dollar as more likely to rise than fall over the coming week.
EUR/USD
The EUR/USD currency pair is in a valid long-term bearish trend. This currency pair typically takes its time to move, with its trends usually including plenty of deep retracements, but for almost three weeks after plunging to a new long-term low price well below $1.0400, the price consolidated without turning definitively bearish.
This has changed over the past couple of weeks, and the downwards pressure was given a strong boost the Federal Reserve’s more hawkish approach on rate cuts going forward. However, the end of the week saw the price recover to the point where Friday’s close was higher than the lowest weekly close a few weeks ago. The low of last week also did not exceed that recent low.
This currency pair often has very reliable trends, which is why I am interested in being short, so I would not worry too much about the long lower wick of last week’s candlestick.
USD/JPY
The USD/JPY currency pair continued to rise firmly for the second consecutive week, making a bullish breakout to a new long-term high price on Thursday, although Friday saw a bearish retracement. This can be taken by trend traders as a signal to enter a long trade.
The US Dollar is in a long-term bullish trend and was given a boost last Wednesday by the Federal Reserve taking a more hawkish tilt on rate cuts and inflation, but Friday’s weaker than expected US inflation-related data put a stop to that. However, there is no doubt that there is residual strength in the greenback.
The Japanese Yen as the other side of this currency pair has weakened lately, especially after the Bank of Japan passed on a potential rate hike last week.
I see this currency pair as a buy as it tends to trend quite reliably over the long term, especially as it reached a new multi-month high last week.
NZD/USD
Last week, the NZD/USD currency pair printed a second consecutive large, strongly bearish candlestick, closing right on its low. It closed at a new 2-year low, which is a significant bearish breakdown in any asset.
The Australian Dollar has got a lot of attention lately as it weakened to new long-term lows as the RBA passed on a rate cut, but it is worth noting that the New Zealand Dollar is also very weak, but even more so, making the Kiwi attractive on the short side.
The Kiwi was weakened by the recent 0.50% strong rate cut by the Reserve Bank of New Zealand, and again so last week by the much lower than expected GDP data which will strengthen the case for further rate cuts over the foreseeable future.
This currency pair does not trend very reliably, so I don’t take long-term trades in it, but it certainly looks very weak right now.
AUD/USD
Last week, the AUD/USD currency pair printed a very large, strongly bearish candlestick, closing not far from its low, although there is a lower wick. It closed at a 2-year low, which is a significant bearish breakdown in any asset.
The Australian Dollar has got a lot of attention lately as it weakened to new long-term lows as the RBA passed on a rate cut, but it is worth noting that the New Zealand Dollar is also very weak, but even more so, making the Kiwi attractive on the short side.
This currency pair does not trend very reliably, so I don’t take long-term trades in it, but it certainly looks very weak right now. All the commodity currencies are performing very poorly, so one idea to partially persify risk in Forex trading might be to be short of all of them against the asset you are bullish on.
USD/CAD
Last week, the USD/CAD currency pair printed a large bullish candlestick, making a new 4-year high but also showing a significant upper wick. The price action is basically bullish, no question about that, but it may take some time for the price to cons9olidate and work up enough momentum for a sustained breakout above the resistance level at $1.4375.
This currency pair does not trend very reliably, so I don’t take long-term trades in it, but it certainly looks very strong right now.
The Canadian Dollar is weak not due to anything in particular about Canada, but more to do with a general weakness in all commodity currencies.
NASDAQ 100 Index
Last week saw the NASDAQ 100 Index fall very strongly on Wednesday after the US Federal Reserve adjusted its pace of rate hikes to be slower throughout 2025, putting a bit of a hawkish surprise on the market. All the US indices fell, but it is worth noting that the NASDAQ 100 outperformed all the others, and the price action still shows a bullish trend pattern with the price currently being supported at 21,023.
There is a long-term bullish trend, but it may be wise to wait for the price to close at a new record high before entering a new long trade for two reasons. Firstly, because the short-term price action is not strongly bullish, so we may have seen the peak for a while already. Secondly, because it is the year-end period which can see strange and volatile moves as institutions reposition, partly for changing forecasts, partly for tax reasons, which can make markets unpredictable.
I see the NASDAQ 100 Index as a buy, but only after closing above 22,100.
Cocoa Futures
Cocoa futures have been rising powerfully over the past six weeks, rising to a new record high last week, but falling back and giving up most of the week’s gain by the end of business Friday, turning the weekly candlestick into a pin bar which may be a bearish sign.
However, trading commodities long when they break to new 6-month high prices, especially when there is powerful momentum as there is here, has historically been a very profitable trading strategy, so there are plenty of good reasons to be long here.
During the second half of 2023 and the early months of 2024, the price increased by almost 600%, which is a meteoric rise. This happening so recently suggests that it could happen again, giving even more reason to be long here.
Cocoa is a superfood and is becoming better known for its health-giving properties when used in moderation. This is another factor which is giving the price a tailwind.
I see Cocoa as a buy, but only following a daily close above 12,565. I point out that Cocoa futures are very big, worth approximately $100,000 which is a dangerously large position size for most retail traders. Trading Cocoa CFDs can be dangerous over the long term as overnight swaps will usually be very high. Therefore, I urge retail traders to look into Cocoa ETFs or ETCs such as COCO which own cocoa futures but can be purchased for only a few US Dollars per share.
Bottom Line
I see the best trading opportunities this week as
- Short of the EUR/USD currency pair.
- Long of the NASDAQ 100 Index following a daily (New York) close above 22,100.
- Long of Cocoa futures or a Cocoa ETF/ETC following a Cocoa futures close above 12,565.
The above content is all about "【XM Market Review】--Weekly Forex Forecast – EUR/USD, USD/JPY, NZD/USD, AUD/USD, USD/CAD, NASDAQ 100 Index, Cocoa Futures", which is carefully compiled and edited by XM Forex editor. I hope it will be helpful for your trading! Thank you for your support!
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