Lucid Group Stock Forecast: LCID adds 12% on Monday to Friday's 43% gain

Lucid Group Stock Forecast: LCID adds 12% on Monday to Friday's 43% gain

FXStreet News FXStreet News 30.01.2023 16:07
Lucid stock jumps 12% as buyout rumors persist.LCID stock closed up 43% on Friday.Rumors emerged Friday that Saudi's Public Investment Fund is thinking of taking Lucid private.Saudi Arabia's sovereign wealth fund already owns two-thirds of Lucid.Lucid Group (LCID) has reversed course in Monday's premarket. Shares of LCID first shed more than 6% early in Monday's premarket, before rising more than 12% later in the session. This is of course just one session after rumors of an imminent buyout sent Lucid stock up 43% last Friday. Those rumors continued to circulate on Monday without any more clarity that a deal was in the works. Lucid stock is trading up 12.3% at $14.45 in Monday's premarket after closing at $12.87 on Friday.Lucid Group stock news: Will Saudi Arabia's sovereign wealth fund buy up rest of LCID?Saudi Arabia's Public Investment Fund, a sovereign wealth fund, already owns about two-thirds of Lucid Group. The speculation began last Friday in an article on the Betaville website. The report was labeled "uncooked" – a term the site uses to label more speculative, unconfirmed reports – and said that the Saudi fund might be in talks to own Lucid outright. Prior to Friday's spike, Lucid stock was down over 86% from its all-time high in February 2021 of $64.85. At under $20 billion in market cap prior to Friday, the advanced electric vehicle company probably looks attractive to many bidders.Friday and likely Monday's surge in price is also helped along by a short squeeze. Since as much as 37% of LCID was sold short, fewer shares were available to buy in the open market, helping to create artificial scarcity. Over 206 million shares traded last Friday, nearly eight times the normal volume.Bank of America put out a note on Monday discussing the prospects for Lucid. Analyst John Murphy pointed out that Lucid's 500-mile range for its Lucid Air sedan should be quite attractive to the market. Competitors afterall tend to be situated with ranges between 250 and 350 miles. Lucid also features an experienced management time, according to Murphy, that is viewed as more capable of bringing Lucid to mass commercialization than other companies. Bank of America has an $18 price target on Lucid stock and a Buy rating.Lucid stock has struggled in 2022 as the carmaker was only able to use its industry-leading technology to achieve production of 7,180 units in 2022. Its production ramp up reminds many of the struggles that befell rival Rivian (RIVN) last year and Tesla (TSLA) one decade ago.Lucid stock forecastOn the 4-hour chart below, the 50 four-hour moving average overtook the 100 four-hour moving average on January 19, so some bulls were probably already expecting a rally. Now bulls will try to take out the $17.80 high from Friday. That range high was brief, but it coincides with the R1 pivot and thus made a good selling point. Traders will also be well aware of past resistance surrounding $14.60 from last October. Support is scant at the moment, but expect traders to sell-off in short order if the Lucid stock price drops below the pivot point at $12.89.LCID 4-hour chart
While market participants are rather certain about the size of the Fed rate hike, there is less consensus about the ECB rate hike

While market participants are rather certain about the size of the Fed rate hike, there is less consensus about the ECB rate hike

Santa Zvaigzne-Sproge Santa Zvaigzne-Sproge 30.01.2023 16:02
For the first time since summer, the Fed rate hike of 25 bp is indeed cemented. Are you of the opinion there will be no real market reaction though? Indeed, the majority of the market participants expect the Fed to increase the interest rate by 25 bp, the smallest increase since the meeting on 16 March 2022. This expectation is based on the seemingly slowing inflation in addition to other factors hinting in favor of the “soft landing” as well as the 5% ceiling set by the Fed themselves. As the current rate of 4.5% is rather close to 5%, Fed officials seem limited in their ability to raise the rates further. Meaning that a rate hike of 50 bp would already reach the set ceiling and would not allow room for action in the future. While we could say that a higher than 25 bp hike would shake the markets considerably, the currently expected 25bp hike may pose uncertainty. Typically, economic data reported exactly in line with expectations may be perceived with no major reaction from the market or even a slightly positive reaction (read: no news is good news). Meanwhile, financial markets are currently extremely volatile as investors are willing to believe that the stock market depreciation is over but still, they may be ready to jump out of it as soon as they feel any hint of a bearish trend returning. I would also emphasize to keep in mind that last week saw a very bullish action within stock markets around the world. As any trend is more of a wavy pattern with corrections, the Fed interest rate announcement on Wednesday may be the one that triggers a short-term correction in the current uptrend. This, combined with the sentiment discussed above, indicate that there may be a potential for a market reaction to a 25bp rate rise. How do you see possible effects of the ECB decision? Is the hike in prices already? ECB interest rate decision is planned after the Fed announcement on the same subject later this week. While market participants are rather certain about the size of the Fed rate hike, there is less consensus about the ECB rate hike. There may be a higher possibility that the ECB raises the interest rate by 50 bp in comparison to the Fed. Firstly, the current eurozone interest rate is lower than in the US: 2.5% in the eurozone vs 4.5% in the US, giving the ECB room for more aggressive monetary policy. Secondly, Consumer Price Index data show that the eurozone has not managed to curb inflation as well as the US (the latest YoY reading for December 2022 was 9.2% in the eurozone versus 6.5% in the US and is forecasted to be 9% and 6.5% respectively in January 2023). Eurozone’s newest preliminary CPI YoY reporting will be released on February 1 and may impact the ECB’s decision on the interest rate hike size later this week. If the ECB announces the interest rate increase of 50 bp versus Fed’s 25 bp, we may see a bullish effect on the Euro versus the US Dollar. Santa Zvaigzne-Sproge, CFA, Head of Investment Advice Department at Conotoxia Ltd. (Conotoxia investment service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement, or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CMC analyst ahead of FOMC: I am surprised at how complacent markets are about this weeks Fed decision

CMC analyst ahead of FOMC: I am surprised at how complacent markets are about this weeks Fed decision

Michael Hewson Michael Hewson 30.01.2023 15:39
This week is like a typical action movie - it begins with important, but not that striking events to gain momentum in time. First signs of the thrilling atmosphere will be earnings of McDonald's and other big names, but on Wednesday, it's the time for the first possible game-changer this week - the Fed interest rate decision. We reached out to Michael Hewson, Chief Market Analyst at CMC Markets, to discover his point of view, as for the first time since summer, the Fed rate hike of 25bp is indeed cemented. Is he of the opinion there will be no real market reaction though? Michael Hewson (CMC Markets): I am surprised at how complacent markets are about this weeks Fed decision - there seems to be this view that the Fed is close to signalling a pause like the Bank of Canada last week. If anything, the recent US data suggests that the Fed could easily get away with another 50bps move which is something I think they should do. With the Nasdaq 100 up over 11% year to date, financial conditions are too loose with the market pricing in rate cuts by year end. We are a long way from signalling that the fight against inflation is done and could see a hawkish surprise this week, especially if Powell pushes back on recent moves in bond and equity markets. Read next: Glovo Is Planning To Layoff 250 Workers Worldwide, The Middle East Is Already Suffering From A Water Shortage| FXMAG.COM We also asked Michael about the situation on the British market. FXMAG.COM: Despite turbulent times of British economy FTSE 100 is close to reach new all-time high - what could be the effects of BoE interest rate decision on Thursday? Michael Hewson: There is unlikely to be much effect from this week's Bank of England meeting on the FTSE100, given that most companies in the UK index do the bulk of their business overseas.
Germany’s Economy Declines In Q4, Eurozone GDP Is Expected To Slow

Germany’s Economy Declines In Q4, Eurozone GDP Is Expected To Slow

Kenny Fisher Kenny Fisher 30.01.2023 14:27
The euro is in positive territory on Monday. EUR/USD is trading at 1.0907 in the European session, up 0.36%. It was a quiet week for the euro, which continues to hug the 1.09 line. I expect to see stronger volatility this week, as the eurozone releases GDP and inflation data, followed by the ECB rate announcement on Thursday. German GDP declines in Q4 Germany’s economy posted a rare decline in the fourth quarter. GDP came in at -0.2% q/q, down from 0.4% in Q3 and shy of the forecast of zero. On an annualized basis, GDP slowed to 1.1%, down from the Q3 read of 1.3%, which was also the forecast. The markets are braced for more bad news out of the eurozone on Tuesday. German retail sales for November are expected to drop by 4.3% y/y, after a decline of 5.9% in November. Eurozone GDP is expected to slow to 1.8% y/y in Q4, compared to 2.3% in Q3. The ECB will be keeping a close eye on this week’s GDP and inflation data, ahead of a key rate decision on Thursday. The central bank has adopted a hawkish stance but is still playing catch-up with inflation, which is currently at 9.2%. The markets are expecting 50-basis points at the upcoming and March rate meetings, but there is uncertainty as to what happens after that. The ECB would love to ease up on rates, but the paramount consideration is curbing high inflation. The cash rate stands at 2.50%, and the markets are forecasting a terminal rate in the range of 3.25%-3.75%, meaning that there is plenty of life left in the current rate-tightening cycle.   EUR/USD Technical EUR/USD is testing support at 1.0907. Below, there is support at 1.0837 1.0958 and 1.1028 are the next resistance lines This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Kazakhstan Has Been Highly Popular Among Crypto Miners

Kazakhstan Has Been Highly Popular Among Crypto Miners

Jakub Novak Jakub Novak 30.01.2023 14:21
The price of bitcoin dropped abruptly from a level of $24,000 to $23,900 this morning during the trade. The ether was also drawn to its limit but never updated. Additionally, the lawmakers in Nur-Sultan adopted the final draft of the law "On Digital Assets in the Republic of Kazakhstan" while many other markets, including the cryptocurrency market, awaited the Federal Reserve System's decision. The country's cryptocurrency market is now regulated by new legislation, which includes several other bills and establishes a licensing system for cryptocurrency exchanges and miners. Today, it was made public that the Senate had approved the cryptocurrency bill and had forwarded it to Kazakhstan's president for his signature. The law aims to control cryptocurrency-related activity. The new law "On Digital Assets in the Republic of Kazakhstan" establishes the prerequisites for the development of a crypto ecosystem in the nation, along with other legislative papers. The Law on Digital Assets and associated acts  Let me remind you that the upper chamber of Parliament deputies evaluated a complete package at the beginning of January and decided to make several specific adjustments, which were then adopted. The Law on Digital Assets and associated acts make up a single body of legislation that will enable the head of state of Kazakhstan to carry out his regulatory responsibilities regarding the creation and use of digital currencies. The bill and other essential adjustments made by senators, such as those to the laws of Kazakhstan on taxes and other payments to the budget, judicial administration, and administrative offenses, have not yet been approved by Tokayev, although it is anticipated that he will do so soon. Miners The primary objective of the government, according to legislators, is to control the operations of businesses that produce digital tokens and currencies in the nation. It is important to note that since China banned this kind of business, Kazakhstan has been highly popular among miners. However, the miners quickly came under public pressure because of their arrival, which caused a power crisis in the nation. By requiring licenses for both cryptocurrency exchanges and miners, the new measure establishes a regulatory framework for the industry and legalizes the digital asset market. The government also anticipates increased foreign investment and higher state budget receipts as a result of this. The technical picture of bitcoin today According to the law approved by President Tokayev in July 2022, bitcoin miners registered in the nation have already begun paying a higher premium for the electricity they use as of January 1. Regarding the technical picture of bitcoin today, the level of $23,980 is the closest goal for the bulls. With a fix, the positive trend will continue, and $24,400 may be updated. The $25,034 region will be the farthest objective, where major profit-taking and a rollback of bitcoin may take place. In the case of renewed pressure on the trading instrument, protecting the $23,220 level will be of utmost importance because a breach by sellers would be detrimental to the asset. This will put pressure back on bitcoin and create a direct path to $22,520. The first cryptocurrency ever created will "drop" in this location along with $21,840 if this level is broken. The market will undergo The collapse of the nearest resistance level of $1,670 is what ether buyers are concentrating on. This is going to be sufficient to establish a foothold at the current highs and keep the bullish trend going. The market will undergo considerable adjustments as a result of this. The sum will be returned to the ether if it fixes above $1,670, with the possibility of growth to a maximum of $1,758. Longer-term targets will be around the $1,819 level. The $1,594 level, which was just formed, will be in use when pressure on the trading instrument resumes. If it is successful, the trading instrument will rise to a minimum of $1,504 and a maximum of $1,410. It will be extremely difficult for bitcoin owners to trade below $1,320. Relevance up to 09:00 2023-01-31 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/333605
The Bank Of England Is Anticipated To Hike Rates By 50 bp As A Result Of A Wealth Of Data

The Bank Of England Is Anticipated To Hike Rates By 50 bp As A Result Of A Wealth Of Data

Jakub Novak Jakub Novak 30.01.2023 14:15
After the Bank of England meeting this week, the British pound is still optimistic about future growth since a sharp rise in salaries in the country is probably going to cause inflation to reach a new round and maintain its double-digit level. This decision will be extremely painful for families Investors and experts anticipate that the UK central bank will increase its benchmark interest rate on Thursday to 4%. This will be the fastest increase in three decades and the greatest rate since 2008. This decision will be extremely painful for families who are already trying to cope with the greatest cost of living increase in history. In a protest that their pay is not keeping up with inflation, which increased to a 41-year high last year, more than 1 million employees in the public sector are set to abandon their positions this week. Except for the time that followed the epidemic, politicians led by Governor Andrew Bailey are concerned that wages are rising at the quickest rate in history, raising the possibility of a spiral in which rising salaries lead to rising prices. The supply assessment Officials are currently putting the finishing touches on an annual report on pay fluctuations and an evaluation of the economy's potential for productivity. The supply assessment is likely to indicate a more competitive labor market than anticipated, while the report is likely to focus on future wage increases by businesses in 2023. These elements will cause price increases, which will make it even more necessary to boost rates even when the economy is contracting. At its meeting on Thursday, the Bank of England is anticipated to hike rates by 50 basis points as a result of a wealth of data demonstrating ongoing inflation. Although policymakers are expected to hold off on sending out overt signals that borrowing costs are about to reach their maximum, economists anticipate the action will put the central bank closer to the marginal rate in this cycle of hikes. The Bank of England will need to further cool the economy To avoid the development of a spiral in which wage growth + price growth, the Bank of England will need to further cool the economy by raising unemployment. This is true even though predictions called for a recession this year and a sharp decline in inflation compared to the level predicted in November. Many predicted a 4.8% pay gain in 2022, the highest percentage in the study's 15-year history. According to the most recent official data, average earnings, excluding incentives, rose 6.4% from a year earlier in the three months leading up to November. Since accounting began in 2001, this is the biggest rise. The regulator has few options, particularly if the government of Rishi Sunak continues to offer concessions and raise wages for the populace to ease the worst recent cost-of-living problem. GBP/USD Regarding the technical analysis of GBP/USD, the pound continues to be in demand. Purchasers must maintain their advantage above 1.2350. The only thing that will increase the likelihood of a further recovery to the area of 1.2440, after which it will be possible to discuss a more abrupt move of the pound up to the region of 1.2490 and 1.2550, is the failure of the resistance of 1.2400. After the bears seize control of 1.2350, it is possible to discuss the trading instrument's pressure returning. The GBP/USD will be pushed back to 1.2285 and 1.2170 as a result, hitting the bulls' positions. EUR/USD Regarding the technical analysis of EUR/USD, there is still demand for the single currency, and there is a potential that monthly and annual highs will continue to be updated. To do this, the trading instrument must maintain a price above 1.0850, which will cause it to surge to the area of 1.0900. Above this point, you can easily reach 1.0930 and update 1.0970 in the near future. Only the breakdown of support at 1.0850 will put more pressure on the pair and drive EUR/USD to 1.0805, with the possibility of falling to a minimum of 1.0770 if the trading instrument declines.   Relevance up to 08:00 2023-01-31 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/333588
Poland’s economy set to slow but we’re more optimistic than most

Poland’s economy set to slow but we’re more optimistic than most

ING Economics ING Economics 30.01.2023 13:22
According to a flash estimate, GDP grew by 4.9% in 2022, compared to 6.8% in 2021. This implies growth of around 2.0% in the fourth quarter. This year, GDP should slow to around 1% year-on-year given that inflation will eat into disposable incomes and inventories will dent growth   Household consumption increased by 3.0% last year and fixed investment jumped by 4.6%. The change in inventories boosted economic growth by 2.9pp, while foreign trade subtracted 0.4pp. We estimate GDP growth in the fourth quarter at around 2.0%-2.3% YoY - a marked slowdown from 3.6% in the third. Still, the end of the year was not as weak as the consensus estimate (1-1.5% YoY) and GDP growth was close to our GDP estimate for the fourth quarter (around 2% YoY). The full-year data also provides a preliminary estimate of GDP components in the fourth quarter. The reason for stronger-than-expected GDP growth remained the rebuilding of inventories, exports and investment, while consumption recorded a strong slowdown. We estimate that in the fourth quarter, household consumption declined by 1.5-1.8% YoY while fixed investment increased by 5.1-5.3% YoY. The consumption result should be considered disappointing and confirms that inflation is a serious problem, weighing on real disposable income and spending. In contrast, the increase in investment is a positive surprise. According to our estimates, in the last quarter of 2022, the change in inventories still had a significant impact in terms of generating economic growth (contribution of 1.5pp), although less than in the third quarter (contribution of 2.2pp). In turn, foreign trade made a positive 0.9pp contribution to GDP growth, compared to 0.6pp in the previous quarter.  Read next: Glovo Planned To Lay Off 250 Workers Worldwide, The Middle East Is Already Suffering From A Water Shortage| FXMAG.COM Despite the war in Ukraine, last year was successful for the Polish economy, which continued its post-pandemic recovery. Supporting the boom were improvements in supply chains and the influx of refugees from Ukraine. Industry (value-added growth of 7%) and exports performed well in such an environment. At the same time, the economic crisis and high inflation translated into a slowdown over the course of the year. Growth in services production slowed down, which is associated with strong price increases. We expect GDP growth of 1% YoY in 2023, higher than the consensus. Favourable weather conditions and improved infrastructure have translated into the strong filling of gas storage facilities in Europe. As a result, pessimistic forecasts for the European economy are unlikely to materialise, which improves the outlook for GDP growth in Poland and supports our expectations. However, the beginning of 2023 will be difficult. We expect first quarter GDP to decline on an annualised basis, with the number weighed down by the high base from the same period last year, when the economy grew by 4.3% quarter-on-quarter (seasonally adjusted) and 8.6% YoY. The economic situation should improve in the second half of the year. Unless Europe encounters problems securing energy sources for next winter season (2023/24), we expect economic growth of about 1% this year. This should be accompanied by a rapid decline in CPI, but with persistently high core inflation, which will not allow interest rate cuts before the end of this year. Poor consumption in the fourth quarter still supports a dovish MPC stance. Read this article on THINK TagsPoland GDP Disclaimer This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
Eurozone sentiment continues to improve

Eurozone sentiment continues to improve

ING Economics ING Economics 30.01.2023 13:16
Economic sentiment in the eurozone increased to 99.9 in January, the third consecutive increase. Service sector businesses were particularly upbeat, resulting in stubbornly high selling price expectations. The latter will be taken as hawkish input for the ECB meeting Service sector businesses are particularly upbeat at the moment   Can we trust sentiment indicators? When consumer confidence was at its lowest last September, consumption continued to grow. Now that it’s recovering, we see signs of faltering household consumption. January’s economic sentiment indicator paints a picture of recovery while data released today show Germany’s economy contracted in the fourth quarter. While there is some doubt about how well these indicators track economic performance at the moment, we don’t want to ignore them either. Manufacturing businesses performed slightly weaker than before, but optimism about production in the months ahead is on the rise. Importantly, selling price expectations are down sharply as supply chain problems improve and demand for goods has fallen. Read next: Glovo Planned To Lay Off 250 Workers Worldwide, The Middle East Is Already Suffering From A Water Shortage| FXMAG.COM The service sector saw improving economic activity at the start of the year and remains upbeat about the months ahead. Employment expectations are also rising again, which puts continued strain on the labour market despite a slowing economy. In turn, selling price expectations also remain at very elevated levels for services, which could keep core inflation high for longer. For the ECB, this will be the main concern from the survey as worries about the second-round effects of the energy crisis are front and centre of Thursday’s governing council meeting. Read this article on THINK TagsInflation GDP Eurozone Disclaimer This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more

currency calculator

Markets comments

INGEconomics
Auto production and general machinery increased significantly. South Korea Industrial Production as a whole gained 0.4%
ING Economics
IpekOzkardeskaya
China's reopening seems to be a double-edged sword as energy and commodities prices will go up
Ipek Ozkardeskaya
IntertraderMarket News
European stocks closed mixed. The DAX 40 fell 0.50%, the CAC 40 declined 0.61%, while the FTSE 100 rose 0.32%
Intertrader Market News
DanielKostecki
China reopens, Texas freezes - crude oil has to face contrasting factors
Daniel Kostecki
InstaForexAnalysis
Gold supported by, among others, changes on Japanese bond market, may end the year trading at a 4-month high
InstaForex Analysis
INGEconomics
Indonesia is the world's 6th largest bauxite producer. Country bans commodity export from June 2023
ING Economics
EnriqueDíaz-Álvarez
Bank of England decision wasn't unanimous as one member voted for a 75bp hike with two other opting for inaction
Enrique Díaz-Álvarez
GecoOne
Geco.one COO says Bitcoin reaching $250K in 2023 is considered as impossible by other analysts as BTC does not exceed $60,000
Geco One
IntertraderMarket News
Netflix (NFLX) slumped 8.63%, as a media report said the video streaming firm is refunding advertisers after missing views targets
Intertrader Market News
CraigErlam
Craig Erlam talks euro against US dollar amid central banks decisions
Craig Erlam
Crypto.comAccelerate the...
There is a chance Apple may let users install apps from outside the App Store boosting NFT
Crypto.com Accelerate the...
INGEconomics
Sterling to euro exchange rate is expected to hit 0.89 in the first quarter of 2023
ING Economics
INGEconomics
Analysts expect ECB to deliver two 50bps hikes in the first quarter with a chance of one more in Q2
ING Economics
AlexKuptsikevich
Switzerland: National Bank goes for a 50bps rate hike. Swiss inflation slowdown is impressing
Alex Kuptsikevich
CraigErlam
European Central Bank is expected to go for a less hawkish hike, but economic projections may be worth even more attention
Craig Erlam
IntertraderMarket News
Tesla (TSLA) sank a further 2.58% after Goldman Sachs lowered its price target on the stock
Intertrader Market News
IpekOzkardeskaya
Fed Chair Powell bears in mind inflation prints, but they seem to be insufficient for FOMC
Ipek Ozkardeskaya
INGEconomics
Did you know that in October average gas price was 4.3 times higher than in 2019?
ING Economics
FranklinTempleton
According to Franklin Templeton global stocks' performance may be better than global bonds
Franklin Templeton
AleksandrDavidov
From the fundamental point of view, these facts may become a game changer, sending the EUR/USD pair to the parity level
Aleksandr Davidov
AleksandrDavidov
Given the peculiarities of the US labor market and the high labor mobility, the acceptable unemployment rate is considered to be 5.0%
Aleksandr Davidov
JingRen
Euro: 50bp rate hike is on the cards, but ECB decides shortly after Fed...
Jing Ren
AleksStrzesniewski
What’s more worrisome is the fact that we will continue to learn of all of the contagion and aftereffects of the FTX collapse in the coming weeks and months.
Aleks Strzesniewski
AlexKuptsikevich
Until FOMC meeting on December 14th, there could be no other catalyst for markets
Alex Kuptsikevich
KamilaSzypuła
BMW Was Fined 30,000 Pounds By CMA, Google Wants To Become More Productive
Kamila Szypuła
KamilaSzypuła
The Australian Dollar Failed To Hold Its Gains, The Pound Strengthened Against The US Dollar
Kamila Szypuła
AlexKuptsikevich
According to Bloomberg's survey Bitcoin may be trading between $17.6K and $25K
Alex Kuptsikevich
INGEconomics
US Stocks: S&P 500 And Nasdaq Decreased Slightly Yesterday Losing 0.33% And 0.09% Respectively
ING Economics
InstaForexAnalysis
This Week USD May Be Fluctuating! Euro To US Dollar - Technical Analysis And More - 10/10/22
InstaForex Analysis
AlexKuptsikevich
How Have BTC And ETH Performed Recently? Cryptocurrencies: Market Cap Increased Slightly, Telekom And Telefonica "Flirting" With Digital Assets
Alex Kuptsikevich
RebeccaDuthie
Russia Suspends Flow Through The Nord Stream 1 Pipeline, Cotton Futures, Gold Prices Increase For The First Time In 3-weeks
Rebecca Duthie
KamilaSzypuła
Interest Rates Hiked. The Most Important Indicators Continue Their Downward Trend
Kamila Szypuła
RebeccaDuthie
Euro To US Dollar Index Falls - Touching Levels Not Seen In 20 Years
Rebecca Duthie
KamilaSzypuła
ECB Will Continue To Hike Rates To Slow Inflation?
Kamila Szypuła
JingRen
A Breakthrough! Japanese Yen (JPY) Helped By Data, Australian Dollar (AUD) Went Up Post Retail Sales Print
Jing Ren

How to convert USD to GBP? Maybe it's time to use our online currency converter?

With our currency converter you're able to check exchange rates of many currencies.

Examples of available currency pairs.

What is Forex?

Forex is an abbrevation for Foreign Exchange. This market is decentralized and works 24/5. Forex contains trading of two assets - a pair of currencies or a pair of currency and a commodity or a precious metal. All of transactions are based on CFD.

100 EUR To USD | What Is Forex?

CFD Meaning:

CFD is an abbreviation for Contract For Difference. In a simplified way it means that you're not an owner of certain asset and transactions are based on the exchange difference.

What are Forex pairs?

We can distinguish forex major pairs, minor pairs and exotic currency pairs.

Forex major pairs are: EUR/USD (EUR To USD), USD/JPY (USD To JPY), GBP/USD (GBP To USD).

Forex minor pairs are: EUR/GBP (EUR To GBP), NZD/USD (NZD To USD), EUR/CHF (EUR To CHF), CAD/JPY (CAD To JPY).

Sample pairs: GBP To INRJPY To USDGBP To AUDJPY To HKDGBP To TRYAUD To USD

It's good to...

follow European Central Bank (ECB), Federal Reserve (Fed) and Bank of England (BoE) decisions as they might affect exchange rates.

The Dollar Index (DXY) should arouse our interest as well.

Take care of your financial skills:

Get familiar to the terms of Technical Analysis and Fundamental Analysis.

Many of us wonders what to invest in. Have a look at Forex section, but have in mind, that FXMAG.COM isn't only about currencies. You're welcomed to visit CryptoStock Markets and Gaming sections to discover many ways of investing.

Do you want to invest in gold and silver? There's a Precious Metals section waiting for you!

For those considering real estate investing, have a look at this section.

Modern investors might want to invest in Bitcoin, Ether, other Altcoins or invest in Amazon, but markets are so diversed nowadays. There are a lot of stocks to buy.

Investing money? You're surely familiar to terms like inflation. Watch CPIPPI and other indicators to make proper decisions. ECBFed or other national banks' decisions of e.g. tightening monetary policy can affect currencies, precious metals and other instruments. Having that in mind, we should watch interest rates.

Important financial terms:

Trend Lines, Bull Market, Bear Market, All Time High (ATH), Fluctuation, Candlesticks.

Trending in investing:

Tesla (TSLA), Solana (SOL), Apple (APPL), Altcoins

Check out our LinkedInFacebook and Twitter!

Join our group on Facebook!