AutoRebateForex Official Thread - Automated 80% Forex Rebates

AutoRebateForeX

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Market Analysis and Forecasts


March 13, 2024



GBP/USD:

  1. The British Pound weakened against the Dollar on the back of a soft employment report from the UK.
  2. The weaker jobs data suggests the Bank of England might have to cut rates sooner than anticipated.
  3. Technically, GBP/USD is facing selling pressure and might reach the 200-day EMA at 1.2685 in the near future.





*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-for-march-13-2024/
 

AutoRebateForeX

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Market Analysis and Forecasts


March 15, 2024



GBP/USD:
  • GBP/USD is trading around 1.2800 and is expected to remain range-bound until the Bank of England meeting on March 21st.
  • The future direction of the pair depends on the FOMC's forecasts and UK inflation data.
  • Key technical support and resistance levels to watch: 1.2750, 1.2850.




*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-for-march-15-2024/
 

AutoRebateForeX

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Weekly Economic Calendar


March 18-22, 2024



Economic Focus This Week

Key Economic Data:
  • Tuesday: US ISM Services PMI
  • Wednesday: Australian GDP data, US ADP Non-Farm Employment, US JOLTs Job Openings
  • Thursday: New Zealand GDP data, Australian employment data, Flash PMI data (various regions), US weekly jobless claims, Philly Fed Manufacturing Index
  • Friday: US Non-Farm Payroll data, UK Retail Sales data, Canadian Retail Sales data




*For full Economic Calendar and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-...for-central-bank-decisions-and-economic-data/
 

AutoRebateForeX

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Market Analysis and Forecasts


March 19, 2024



EUR/USD:
  1. Outlook: Bearish
  2. Key Levels: 1.0530, 1.0581, 1.0658-1.0669, 1.0757, 1.0823, 1.0889, 1.0935, 1.1006, 1.1092
  3. Technical Analysis: Downtrend likely, potential for further decline
  4. Reasoning: Dollar strengthening, weak Eurozone data, descending trend lines on charts





*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/forex-rebate-news/market-analysis-for-march-19-2024/
 

AutoRebateForeX

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Market Analysis and Forecasts


March 21, 2024



GBP/USD:
  • Downward pressure, but potential reversal on dovish Powell comments.
  • Key factors: FOMC decision, Powell's press conference.
  • Long opportunities: Above 1.2705 with a target of 1.2763 if Powell is dovish.
  • Short opportunities: Below 1.2678 with a target of 1.2635 if Powell is hawkish.





*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-for-march-21-2024/
 

AutoRebateForeX

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Weekly Economic Calendar


March 25-29, 2024



Economic Focus This Week

Other Data Points to Watch
  • US durable goods orders (expected to improve slightly in February)
  • US consumer confidence (predicted to dip modestly)
  • US GDP growth (likely unchanged from the previous estimate)
  • Australian CPI (forecast for a minor rise)





*For full Economic Calendar and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/less-eventful-week-for-markets-after-busy-stretch/
 

AutoRebateForeX

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Market Analysis and Forecasts


March 26, 2024



GBP/USD:
  1. The Bank of England is preparing for a potential rate cut, weakening the Pound's advantage.
  2. Short-term trading opportunities exist based on technical indicators and potential US data releases.
  3. The Pound might test the lower boundary of its range (1.2500/20).
  4. Key Levels:
  5. Support: 1.2597, 1.2520 (range)
  6. Resistance: 1.2645, 1.2670 (range), 1.2892 (previous high)





*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-n...march-26-2024/
 

AutoRebateForeX

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Weekly Economic Calendar


April 1-5, 2024



Economic Focus This Week

Mid-Week Heats Up:
  • Australian RBA meeting minutes kick things off.
  • Key releases include German preliminary CPI, US JOLTS job openings, and comments from FOMC members (Williams, Mester, Daly).
  • ADP employment data and ISM Services PMI could cause market swings.
  • Fed Chair Powell speaks at Stanford, potentially impacting markets based on his comments about upcoming jobs data.





*For full Economic Calendar and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/investors-brace-for-busy-week-after-easter-lull/
 

AutoRebateForeX

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Market Analysis and Forecasts


April 3, 2024



USD/JPY:
  • Short-term outlook: Uncertain
  • Analysis: The USD/JPY is likely to resume its upward movement if FOMC members deliver hawkish comments today. However, significant impact from economic data is not expected.
  • Trading Signal: Consider buying USD/JPY if it hits 151.75 and targeting 152.02. Conversely, sell if it reaches 151.55 with a target of 151.29.






*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-for-april-3-2024/
 

AutoRebateForeX

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Market Analysis and Forecasts


April 4, 2024



Gold:
  • Gold: Potential breakout above $2288.
  • Target: $2328.
  • Correction below support: $2244.
  • Consider buying there for a potential rise to today's high.
  • Buy gold at support levels ($2244 or $2222) with target at $2286.






*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-for-april-4-2024/
 

AutoRebateForeX

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Market Analysis and Forecasts


April 5, 2024



Gold:
  • Short-term Trend: Bullish
  • Analysis: Gold broke above resistance and is aiming for the next target zone at $2328. A pullback towards support could present buying opportunities. A break below $2232 could indicate a trend reversal.
  • Forecast:
    • Buy: Look for buying opportunities at support zones $2260 or $2238 if a bullish pattern emerges, targeting $2303.






*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-for-april-5-2024/
 

AutoRebateForeX

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Oct 25, 2019
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Weekly Economic Calendar


April 8-12, 2024



Economic Focus This Week

Inflation Data:
  • Wednesday: All eyes are on the US Consumer Price Index (CPI) inflation report. Higher inflation could lead to fewer Fed rate cuts this year.
  • Thursday: China's inflation data (CPI and PPI) will be released.






*For full Economic Calendar and AutoRebateForeX rebates, check below:
https://autorebateforex.com/forex-r...rket-movers-central-banks-and-inflation-data/
 

AutoRebateForeX

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Market Analysis and Forecasts


April 9, 2024



Bitcoin:
  • Recent price surge above $72,000 attributed to increased buying from long-term investors and anticipation of the upcoming halving.
  • Target of $300,000 for BTC in this bull cycle, with a possibility of reaching a new all-time high before the halving.
  • Altcoin season expected to begin in a few weeks, with a focus on tokenization, Ethereum (ETH), and DeFi.





*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-for-april-9-2024/
 

AutoRebateForeX

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Market Analysis and Forecasts


April 11, 2024



CAD:
  1. Trend: Expected to remain unchanged
  2. Resistance: 1.3572, then 1.3666
  3. Support: 1.3497 and 1.3403
  4. The Bank of Canada (BoC) is expected to hold the cash rate at 5.0% today, impacting the USD/CAD rate.
  5. A potential rate cut by the BoC in the next few months could weaken the USD/CAD.





*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-and-forecast-for-april-11-2024/
 

AutoRebateForeX

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Oct 25, 2019
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Market Analysis and Forecasts


April 12, 2024



JPY:
  • Japanese Yen (JPY) Forecast: Bearish
  • Rising US Treasury yields are putting pressure on JPY.
  • Intervention by Japanese authorities is seen as unlikely to be effective.
  • USD/JPY technical analysis suggests a continuation of the uptrend.
  • Resistance levels: 153.50, 154.25





*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-for-april-12-2024/
 

AutoRebateForeX

Active Trader
Oct 25, 2019
261
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www.autorebateforex.com
Weekly Economic Calendar


April 15-19, 2024



Economic Focus This Week
Central Bank Speeches:
  • Fed Chair Jerome Powell
  • Bank of England Governor Andrew Bailey
  • Bank of Canada Governor Tiff Macklem
  • FOMC members Michelle Bowman, Loretta Mester, and Raphael Bostic
  • MPC members Catherine Mann, Jonathan Ramsden, and Ben Broadbent





*For full Economic Calendar and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-...ata-central-bankers-and-geopolitics-in-focus/