Icon close
  • Tenga en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso está permitido por ley. STARTRADER y sus entidades afiliadas no están establecidas ni operan en su jurisdicción de origen. Al invertir a través de este sitio web, es importante comprender que no está regulado por la Comisión Nacional del Mercado de Valores (CNMV) y usted no tendrá las protecciones que brinda la CNMV.

    Si decide continuar y visitar este sitio web, reconoce y confirma lo siguiente:

    1. STARTRADER no tiene sede en España ni licencia de la CNMV.
    2. Usted accede al sitio web por iniciativa propia y STARTRADER no se lo ha solicitado de ninguna manera.
    3. Desea obtener información de este sitio web, que se proporciona mediante solicitud inversa de acuerdo con las leyes de su jurisdicción de origen.
    4. Invertir a través de esta web no te otorga las protecciones previstas por la CNMV.
    5. Si decide invertir a través de este sitio web o con cualquiera de las entidades de STARTRADER, estará sujeto a las normas y regulaciones de las autoridades reguladoras internacionales pertinentes, no a la CNMV.

    STARTRADER quiere dejar claro que se encuentra debidamente licenciado y autorizado para ofrecer los servicios y productos financieros derivados enumerados en el sitio web. Las personas que acceden a este sitio web y registran una cuenta comercial lo hacen por su propia voluntad y sin solicitud previa.

    Al confirmar su decisión de continuar e ingresar al sitio web, por la presente afirma que esta decisión fue iniciada únicamente por usted y que ninguna entidad de STARTRADER ha realizado ninguna solicitud.

  • Si prega di notare che il sito web è destinato a individui residenti in giurisdizioni dove l'accesso è permesso dalla legge. STARTRADER e le sue entità affiliate non sono né stabilite né operanti nella vostra giurisdizione di residenza. Quando si investe tramite questo sito web, è importante comprendere che non è regolamentato dalla Commissione Nazionale per le Società e la Borsa (CONSOB), e non si avranno le protezioni offerte dalla CONSOB.

    Se si sceglie di procedere e visitare questo sito web, si riconosce e si conferma quanto segue:

    1. STARTRADER non ha sede in Italia né è autorizzata dalla CONSOB.
    2. Si sta accedendo al sito web di propria iniziativa e non si è stati sollecitati in alcun modo da STARTRADER.
    3. Si desidera ottenere informazioni da questo sito web, che sono fornite su base di sollecitazione inversa in conformità con le leggi della propria giurisdizione di residenza.
    4. Investire tramite questo sito web non concede le protezioni fornite dalla CONSOB.
    5. Se si sceglie di investire tramite questo sito web o con una qualsiasi delle entità STARTRADER, si sarà soggetti alle regole e ai regolamenti delle relative autorità di regolamentazione internazionali, non alla CONSOB.

    STARTRADER desidera chiarire che è debitamente autorizzata e abilitata ad offrire i servizi e i prodotti derivati finanziari elencati sul sito web. Gli individui che accedono a questo sito web e registrano un conto di trading lo fanno completamente di loro iniziativa e senza sollecitazioni precedenti.

    Confermando la vostra decisione di procedere ed entrare nel sito web, affermate che questa decisione è stata iniziata esclusivamente da voi, e che non è stata fatta alcuna sollecitazione da parte di alcuna entità STARTRADER.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

30 January

Market News Summary

The dollar stabilized on Monday and moved away from its lowest level in eight months while awaiting the Federal Reserve meeting to decide interest rates next Wednesday.

The euro caught a breath in today’s trading after its price fell at the end of last Friday. There is some optimism about raising interest rates by 50 basis points by the European Central Bank in its meeting on Thursday.

On the other hand, the gold price rebounded today from its lowest level at the end of last week’s trading. The price is trading around 1930 levels, with anticipation of the meetings of the central banks.

U.S. Dollar Index (USDX)

US Dollar Chart for 30 Jan 2023

The dollar stabilized in trading today and moved away from its lowest level in eight months before the Federal Reserve meeting this week, with dealers focusing on guiding the path of interest rates, but the dollar index is still on its way to record a fourth consecutive monthly loss of 1.5% affected by expectations of slowing the pace of rate hikes. interest from the Fed.

Last Friday, the monthly personal consumption expenditures price index data showed some increase, reaching 0.3% after it was 0.2%, and the personal income index reached 0.2%, getting down from 0.3%, which could lead the Fed to go on with the hawkish policy. No action was taken to stop interest rate hikes, and the market was priced based on the fact that the Fed will raise 25 basis points at its next meeting on Wednesday.

Pivot Point: 101.40

Resistance LevelSupport Level


EURO Chart for 30 Jan 2023

The euro-dollar pair caught its breath in today’s trading after its price fell at the end of last Friday’s trading, as the markets are still in a critical condition before the meetings of the main central banks this week. There are fears of slowing growth in Germany and the European Union, which increases the market’s hesitation.

European Central Bank President Christian Lagarde pledged earlier this month that the bank’s policy would be more stringent when facing the inflation, which reached a peak of 40 years. She also promised that the bank would raise interest by 50 basis points in the February and March meetings, respectively, which could push the euro pair to higher levels.  

The price is consolidating above 1.0800 levels with a sideways movement, awaiting the decisions of the central banks this week, so we may witness some fluctuation in the price, and the relative strength indicators with MACD show some neutrality, and the 100-day and 200-day moving average convergence on the one-hour time frame. The continuation of the bullish trend depends on the breach of 1.0930 levels, while the downside breach of 1.0830 is a warning for more decline.

Pivot Point: 1.0850

Resistance LevelSupport Level

Spot Gold (XAUUSD)

Spot Gold chart for 30 Jan 2023

The price of gold has rebounded from its lowest level during the trading session on Friday and it may appear that the gold bulls are running out of momentum. The precious metal rose in the past six weeks before losing upward momentum due to recent slow price movements as the market hesitated while awaiting for the week’s central bank meetings with the non-farm payrolls report due this coming Friday.

The mixed concerns surrounding inflation and growth in the United States of America are challenging the Federal Reserve, which keeps traders optimistic about the rising gold prices. On the other hand, the downward breach of 1920 levels seem necessary to turn the direction of gold prices and encourage the entry of sellers.

Moreover, the MACD indicator is gradually losing its positive momentum with the relative strength index holding above 50 levels, which may spark high volatility in the coming period, until the direction that the price will take is clarified.

Pivot Point: 1,940

Resistance LevelSupport Level

WTI Futures (CL-OIL)

WTI Futures chart for 30 Jan 2023

Oil prices jumped at the beginning of Asian trading today, supported by tensions in the Middle East in the wake of the drone attack in Iran and Beijing’s pledge to boost consumption, which will support demand for fuel. It is unlikely that the Organization of the Petroleum Exporting Countries and Russia known as (OPEC +) will amend their current oil production policy at their scheduled meeting on the first of next February.

The rise in crude exports from Russia’s ports in the Baltic countries at the end of last week caused oil prices to incur the first weekly loss after a rise that continued during the first three weeks of this month. Moreover, the US crude price is trading around $79 per barrel, going down about 3.50% from its highest level during the month.

Pivot Point: 80.40

Resistance LevelSupport level