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XRP General MovesRecent Price Movements and Potential Future Outlook XRP, also known as Ripple, has been in the news recently due to some positive developments, which have led to a price increase. However, the price of XRP has been volatile and has experienced significant fluctuations in the past few weeks. In this article, we will analyze the recent price movements of XRP and discuss its potential future outlook. Price Movements On March 31, 2023, the price of XRP reached a high of 0.588 USD, which was the highest it had been in several months. However, the price soon began to decline, and it currently sits around the 0.5 USD mark. This price decline can be attributed to several factors, including the overall market conditions, as well as concerns about the potential impact of Bitcoin's price movements. Support Levels Despite the recent price decline, there are some good support levels for XRP. The 0.5 USD mark is a significant support level, and it is possible that the price may bounce back from this level. Additionally, the 0.432 USD mark, which is where the rally started, could potentially be retested in the next few days. If this occurs, it may present an opportunity to buy XRP at a lower price. Future Outlook The future outlook for XRP is uncertain, and much will depend on the overall market conditions and the movements of other major cryptocurrencies, such as Bitcoin. If Bitcoin's price continues to decline, it is likely that XRP will also experience a price decline. However, if the market stabilizes and Bitcoin's price begins to increase again, XRP may also experience a price increase. Conclusion In conclusion, XRP has experienced significant price movements in the past few weeks, and its future outlook is uncertain. While there are some good support levels for XRP, it is important to be cautious when trading in these volatile market conditions. It may be worth waiting for further confirmation before buying XRP, especially if there are concerns about the potential impact of Bitcoin's price movements.
by Htback
USDJPY Outlook 31 March 2023The USDJPY climbed steadily to the upside, reaching the 133 resistance level overnight (this was discussed in the post on the 29th and during yesterday's webinar), with a continued push to the 133.50 price level early in the trading session today. As the USDJPY retraces from the 133 resistance level, if the price breaks below the bullish trendline, a more significant correction to the downside could be expected, with the key support level at 131.70 (61.8% fib retracement level) and the interim level at 132.35 (38.2% fib retracement level). However, if the DXY bounces from the 102 support level, this could drive the USDJPY higher, with the next major resistance level at 135
Short
by JinDao_Tai
USDJPY Outlook 20th March 2023Similar to the price action on Gold, as uncertainty in the market grows and confidence over the banking structure weakens, investors are seen shifting towards reserve commodity and currencies. This is why the Yen has strengthened, together with the weakening of the DXY, leading to the USDJPY being pressured to trade steadily lower. The USDJPY currently trading at the 132 price level could see further downside - if the price maintains below the bearish trendline, and - if the price breaks below the 131.50 support level. Downside potential could see the USDJPY reach the 129.80 support level which was last tested in February. Alternatively, if the USDJPY bounces strongly from the 131.50 support level, the immediate resistance level is at 133.75 which coincides with the 61.8% Fibonacci retracement level (with an interim resistance level at 132.60)
Short
by JinDao_Tai
5
Brace for volatility as inflation meets recession2023 has been ushered in with a rebound in pockets of equity underperformance from 2022. Markets are coming to terms with the fact that stickier inflation and more resilient economic data globally are likely to keep central banks busy this year. Owing to which the spectre of interest rates staying higher for longer appears to be the dominant theme for the first half of 2023. Global money market curves are re-pricing higher to reflect the tighter monetary scenario. For the Federal Reserve (Fed), markets have priced in a 5.5% terminal rate, somewhat higher than was suggested by the median dot plot back in December. While in Europe, 160Bps of additional rate hikes are being priced for the European Central Bank (ECB) with terminal rate forecasts approaching 4%. The speculative frenzy witnessed since the start of 2023, indicates that equity markets are discounting the fact that the global economy has not faced such an aggressive pace of tightening in more than a decade and the ramifications, although lagged, will eventually be felt across risk assets. Preference for international vs US equities Exchange-traded fund (ETF) flows since the start of 2023 resonate investors’ preferences to diversify their portfolios with a higher allocation to international markets versus the US. Since the start of 2023, international equity market ETFs have received the lion’s share of inflows, amounting to US$20.6bn in sharp contrast to US equity ETFs that suffered US$9.3bn in outflows. Looking back over the past decade, US companies outpaced international stocks owing to two main drivers of equity price appreciation: earnings and valuation. Earnings remain the key driver for equity markets over the long term. If we try to think about what lies ahead, we can see that earnings revision estimates are displaying a marked turnaround for China, Japan, and Emerging Markets (EM), whilst the US and Europe are poised to see further earnings contractions. China’s recovery remains the important swing factor that could enable its economy, alongside EM and Japan, to outperform global equities in 2023. At 8% of sales, Europe has the second highest exposure after Asia-Pacific (ex-Japan) to China. Yet it’s important to bear in mind that European companies earn twice the amount of revenue from the US than from China. So, a soft landing in the US will be vital for Europe to continue its cyclical rally. US valuations remain high vs international developed and EM equities US equity market valuations from a price-to-earnings (P/E) ratio remain high globally, whilst Japan continues to trade at a steep 29% discount to its 15-year average. Amidst the recent rally, European valuations at a 13.7x P/E ratio remain at a 14% discount to its 15-year average. That being said, three months ago European equity valuations were trading at a 35% discount to its 15-year average. After travelling half the distance to their long-term average, European valuations might have to contend with the headwinds of tighter monetary policy. Evident from the chart above, international markets ex-US continue to boast of favourable valuations allowing for a higher margin of safety, which is why we expect investor positioning to tilt in favour of international markets ex-US over the course of 2023. The battle between Energy and Technology stocks The Energy sector is coming off a strong year, as tight supplies and rising demand drove energy prices higher in 2022. While these dynamics have failed to play out so far in 2023, owing to the speculative frenzy in riskier parts of the market, we expect earnings results for energy companies, and their stock performance across the spectrum (including oil, gas, refining and services), to maintain momentum in 2023. Whilst investment in oil and gas production has been rising, it will still take multiple years for global supply to meet demand, which continues to support the narrative of higher energy prices. Refining capacity continues to look tight this year, given the reduced capacity and long lead time required to bring new capacity online. We expect this to support another strong year for the profitability of refining operators. At the same time, energy service companies should also benefit as spending on exploration and production continues to gather steam. The biggest risk to the sector remains if demand for energy falters in the face of a severe recession. However, as we expect most economies to face a modest recession, this risk is less likely for the Energy sector. Meanwhile, higher interest rates were the key driver of the underperformance of the Technology sector last year. We continue to see weakness in the Technology sector amidst rising risks of peak globalisation, weaker earnings, and the potential for more regulation. Despite the recent layoff announcements by technology firms, they still appear inflated, with employee growth in recent years 20% too high relative to real sales growth. The COVID-19 pandemic had accelerated the demand in software and technology spending with the rise of remote work and social distancing. However, companies today are more likely to cut their technology spending to offset the higher costs of energy, travel, wages, and other factors. The key risk, in our view, remains that valuations have come down, and if rates do begin to peak, selective technology companies could benefit from the growth generated by their cost-cutting initiatives. Value vs Growth in 2023 Value stocks tend to be positively correlated with higher inflation. In 2022, high inflation was a result of rising commodity prices, labour shortages, and fiscal stimulus provided by Western economies, whilst Growth stocks were penalised for their lofty valuations. Value-based stocks flourished on commodity supply constraints and cheaper valuations amidst a rising rate environment. Much of this is now priced into Value stocks. Most Value stocks’ earnings growth and valuation re-ratings rely on higher commodity prices or interest rates or a factor outside of their control. Owing to this, we still believe there are opportunities where constrained supply in the absence of falling demand will continue to support higher prices. There are significant prospects in Europe and Asia where discounts remain wide and sizeable valuation gaps exist across sectors. Europe’s energy sector accounted for two-thirds of Europe’s EPS (earnings per share) growth in 2022. The continuing trend of capital discipline, resilient earnings, and high shareholder returns should keep attracting flows into the sector in 2023. We expect Value stocks to be in better shape to withstand the global economic slowdown. Historically, the Value factor has demonstrated resilience during periods of interest rate volatility. Conclusion There is considerable uncertainty about how 2023 will unfold. As the key focus moves from inflation to a recession in 2023, it opens up the possibility of several outcomes for central banks and interest rates. Keeping this in mind, 2023 may well be a tale of two halves, with higher interest rates in the first half, followed by lower rates in the second half as a global recession takes centre stage.
ICEUS:MWL1!
by aneekaguptaWTE
USDJPY Outlook 10th March 2023The Bank of Japan (BoJ) released an unchanged monetary policy statement, with no surprises from Governor Kuroda at his last policy meeting. As the monetary policy statement was unchanged, this disappointed the market slightly, resulting in the significant weakening of the Japanese Yen. The USDJPY spiked up from the 136 price area, breaking above the 23.60% Fibonacci retracement level at 136.40 to reach the 137 round number resistance and 61.8% Fibonacci retracement level following the release of the news. Although the price retraced lower, the USDJPY could continue trading higher toward the 137 resistance level and beyond that, the next key resistance level is at 138.
Long
by JinDao_Tai
USDJPY Outlook 9th March 2023Although the USDJPY traded significantly higher following the bullish news from the US Federal Reserve, with the price reaching the 138-round number resistance level, it has since retraced significantly to the downside and is trading below the 137-round number level. With the short term bearish trendline indicating downward pressure, look for the USDJPY to continue trading lower to retest the 136.40 (and 61.8% Fibonacci retracement level), similar to the price action overnight. However, watchout for significant price volatility tomorrow with the Bank of Japan (BoJ) due to release its monetary policy decision (and it is also Governor Kuroda's last meeting). While it is unlikely that any changes will be made to the monetary policy, the market is anticipating the potential of a surprise since it is Kuroda's last meeting. If he adjusts/removes limits on the JGB yield, the Yen could strengthen significantly, with the next key support level for the USDJPY at 135.26.
Short
by JinDao_Tai
jpy 225 index 🚨ALERT🚨 Our latest analysis has identified a major support zone for the JPY 225 currency index following the recent decision by the Bank of Japan's new governor, Kazuo Ueda, and other high-impact news events in the economy. 📊💹 With Japan's consumer price inflation hitting a fresh 41-year high in January and remaining above the 2% target for the tenth straight month, the central bank faces increasing pressure to withdraw its massive monetary stimulus. 💸💰 However, with government energy subsidies taking effect this month, experts predict that inflation will fall below the Bank of Japan's target by mid-year. 💡💼 At FX Finance Academy, our team of experts is closely monitoring this situation and has identified a short position opportunity that lines up perfectly with our channel trading support and resistance levels. Don't miss out on this chance to stay ahead of the curve and make informed trading decisions. Join us now for more expert insights!
PEPPERSTONE:JPYXShort
by OfficialKieranTrewick
NIKKEI22 Potential for bearish drop to overlap supportLooking at the H4 chart, my overall bias for NIKKEI22 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 27419.15, where the overlap resistance is. Stop loss will be at 27844.15, where the recent high is. Take profit will be at 26517.50 where the overlap support is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:NIKKEI225Short
by VantageMarkets
jpy 225 index 🚀🚀🚀 The JPY225 index is on the move! 🚀🚀🚀 After dropping from 27,374, the index is approaching a major support zone at 24,700. This drop comes following the decision of the new governor of the Bank of Japan, Kazuo Ueda, and it could be a major opportunity for traders. This move also lines up perfectly with our channel trading within support and resistance, so it's an exciting time to be in the market. 👀📈 Keep a close eye on the JPY225 index and see how price action develops. This could be a huge opportunity for traders! #JPY225 #SupportZone #BankOfJapan #KazuoUeda #MarketWatch #Trading #InvestmentOpportunities #🚀📈
PEPPERSTONE:JPN225Short
by OfficialKieranTrewick
Looking for Nikkei dips.NIK225 - 24h expiry - We look to Buy at 27300 (stop at 27135) Selling pressure from 27741 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 27266. Preferred trade is to buy on dips. Our profit targets will be 27770 and 27880 Resistance: 27880 / 28505 / 29295 Support: 27395 / 27050 / 26710 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
TVC:NI225Long
by VantageMarkets
Nikkei to stall at current highs?NIK225 - 24h expiry - We look to Sell at 27690 (stop at 27802) Buying pressure from 27266 resulted in prices rejecting the dip. The current move higher is expected to continue. Previous resistance located at 27755. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 27410 and 27050 Resistance: 27700 / 28505 / 29295 Support: 27395 / 27050 / 26710 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225USDShort
by OANDA
Nikkei remains positive.NIK225 - 24h expiry - We look to Buy at 27245 (stop at 27130) Selling pressure from 27807 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 27168. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 27570 and 27825 Resistance: 27825 / 28505 / 29235 Support: 27400 / 27060 / 26720 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:NIKKEI225Long
by VantageMarkets
AUD/JPY - Can the AUD outperform the JPY?COMMENTARY The AUD seems to be gaining the most against the JPY compared to the following G10 Fx pairs including the NZD, CAD, EUR, and the USD in front of tomorrow's Reserve Bank of Australian (RBA) interest rate decision. High price action across the AUD cross pairs is expected upon tomorrow's RBA rate decision. Current price for the AUD/JPY is above its 40 day moving average (bullish), MACD above its signal line (bullish), rate of change 13 day above its signal line (bullish); upside potential for a retest of the 92.8s provided price can remain above the 89.9 support; downside risk on break below the 89.9 support could position short sellers to target the 87.90 area. Not investment advice. Past performance is not indicative of future results.
by Skilling
1
CNHJPY - SHORT; This pair is ready to fall off a cliff!Considering China's (ongoing!!) predicament caused by an oncoming, abject, demographic (urban, industrial) collapse, the obvious consequence is a stand-alone Japan's as the region's only remaining super power" ... Making this Short a no-brainer, probably well over a decade and a half. The Long Term Price Target on this pair is: 10! (I.e. a >50% Decline ..., ... provided that there will be still such a thing as a convertible (off-shore) Yuan, further down the road - which, in itself, is very unlikely!)
Short
by Nemo_Confidat
Nikkei dips continue to attract buyers.NIK225 - 24h expiry - We look to Buy at 27205 (stop at 27110) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 27480 and 27820 Resistance: 27400 / 27820 / 28505 Support: 27060 / 26720 / 26235 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:JP225YJPYLong
by OANDA