Forex Forum fundamental analysis

[RainbowRain]

As the EUR/USD chart shows today, the euro to US dollar rate fell below 1.100. This happened, among other things, due to the strong US employment report released on Friday, which showed:
→ the largest increase in the number of jobs in the last six months,
→ a decrease in the unemployment rate,
→ confident growth in wages.
All this indicates the stability of the US economy and increases the likelihood of a “soft landing” after the jump in inflation.

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[Aaron_0]

China's trade surplus jumped to USD 66.76 billion in September 2021 from USD 35.45 billion in the same month a year earlier, easily beating market estimates of a surplus of USD 46.8 billion. This was the largest trade surplus since December 2020, as exports extended their double-digit growth while imports moderated. The trade surplus with the US widened to USD 42.0 billion from USD 37.68 billion in August.

China's trade surplus surged to $66.76 billion in September 2021, driven by robust exports and slowing imports, exceeding forecasts. The US trade surplus grew to $42 billion, marking the largest overall surplus since December 2020.

 

[Ricky Rk]

In September 2021, China’s trade surplus rose to USD 66.76 billion, exceeding market forecasts. Exports continued strong growth, while imports slowed. The surplus with the US widened to USD 42 billion from August’s USD 37.68 billion.

 

[Claude]

China's trade surplus surged to USD 66.76 billion in September 2021, surpassing expectations. Exports continued strong growth, while imports moderated. The surplus with the US increased to USD 42.0 billion, reflecting ongoing trade dynamics between the two countries and global market conditions.

 

[Elijah_0]

Since April last year, crude oil has seen the strongest bullish momentum in history. US WTI Oil has rallied from $-37.50 to $85. Moving averages have been doing a great job as support indicators on the daily chart, with the smaller ones, such as the 20 SMA (gray), pushing the price higher when the trend picked up pace.

Now, we are in the middle of a really bullish period for oil, with the 20 SMA indicating just that.

What do you think about it?

The strong bullish momentum in crude oil, supported by the 20 SMA, reflects a robust market trend. If the trend continues, the 20 SMA could keep acting as a reliable support, signaling further potential upside. However, caution is needed as trends can shift quickly.

 

[Rockfx]

The oil market has been looking interesting lately, given the fundamental events. The market's attention has once again been focused on the conflict in the Middle East. I expect further growth.

 

[Rockfx]

The price of Bitcoin rose to $82,000, reaching a new three-month high. Bitcoin is now moving in an upward channel again, with major players and corporations actively absorbing supply: Strategy bought over 100,000 BTC, while whales amassed 270,000 BTC in a month. Corporate demand is 2.5 times higher than the volume of new coins mined. Therefore, many analysts believe the Bitcoin rally will continue.