Navigating markets: eToro insightful highlights for informed trading - TopForex.Trade

Navigating markets: eToro insightful highlights for informed trading

Explore the latest market insights and upcoming trends with eToro. From the Federal Reserve meeting expectations to notable earnings reports, stay informed on key economic indicators and market movers.

12.12.2023, 08:22
eToro Forex trading
98
Min. deposit
50$
Max. leverage
1:30
Bonus
Used by
30000000+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
ASIC
Navigating markets: eToro insightful highlights for informed trading

eToro‘s market insights summary

98
Min. deposit
50$
Min. Spread
0.5
Bonus
Max. leverage
1:30
Used by
30000000+
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
ASIC
98
Min. deposit
50$
Max. leverage
1:30
Bonus
Used by
30000000+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
ASIC

As the year concludes, attention is on the Federal Reserve meeting, with expectations of steady rates and a keen eye on Jerome Powell’s tone. Economic indicators, including CPI, PPI, retail sales, and industrial production, take center stage, along with earnings reports from Oracle, Costco, and Darden Restaurants.

Forecasts for the Federal Reserve point to maintained rates, with a potential shift towards discussions on lower rates. Stronger-than-expected U.S. job data influences the USD, impacting bond yields. Bitcoin experiences volatility amidst a broader crypto sell-off.

Movers & Shakers

Key market movements include the S&P500 reaching a new 2023 high, Paramount’s surge on takeover rumors, Lululemon’s stock rise despite a cautious outlook, and Robinhood leading financial gains with a focus on commission-free crypto trading in the EU.

 

Stay updated and learn how to trade popular assets with Top Forex broker eToro

 

Currency insights

The USD strengthens post-Jobs Report, while the Canadian dollar weakens due to global factors. OPEC+ production cuts may impact the CAD short-term, with the US CPI report influencing Fed guidance.

Looking ahead

Chewy’s investor day emphasizes long-term growth, and Oracle’s Q2 results, with a 6.3% revenue rise forecast, draw attention to strong cloud performance and Q3 guidance expectations.

eToro