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.

11 November

U.S. Dollar Index (USDX)

The dollar index and dollar index futures lost 0.2% each while languishing at a two-month low after data showed U.S. CPI inflation grew 7.7% in October, its slowest pace in nine months.

The reading gives the Federal Reserve impetus to hike interest rates by a smaller hike of 50 basis points in December. Markets are also positioning for such a move, with traders pricing an 80% chance of the Fed hiking rates at a slower clip. A group of Fed members also said this week that they support such a move to avoid damaging the economy.

The dollar index broke below the support and neckline at 109.40. However, breaking the resistance at 109.20 led to a drop toward 107.50. Technical indicators also show selling pressure while MACD specifically is showing convergence and further decline.

Pivot Point: 107.70

SUPPORTRESISTANCE
107.50108.10
107.20108.40
106.80108.80

Euro (EURUSD)

The European currency is still holding the gains above 1.0200, capitalizing on a fresh risk-on wave after China cut its quarantine restrictions and flight bans. The safe-haven U.S. Dollar resumes its post-CPI downside ahead of the Michigan Consumer Sentiment data.

During the previous session, the pair witnessed a dramatic intraday turnaround and rallied from the daily low in reaction to softer U.S. consumer inflation figures.

The pair remains positive as long as it trades above 1.0200 while breaking below 1.0160 will most likely lead to a drop below the parity levels. However, technical indicators show a possibility of a decline.

Pivot Point: 1.0210

SUPPORTRESISTANCE
1.18801.0230
1.13251.0320
1.00101.4400

Spot Gold (XAUUSD)

Gold prices stuck to ten weeks high on Friday and were set for their best week in over eight months. The signs of cooling U.S. inflation drove up hopes that the Federal Reserve will trim its pace of interest rate hikes in the coming months.

Metal markets were boosted by a softer-than-expected CPI inflation reading, with the Fed’s expectations for a smaller interest rate hike skyrocketing after the data. U.S. CPI inflation grew 7.7% in October, its slowest pace in nine months.

Spot gold lost 0.2% to $1,751.92 an ounce, while gold futures fell 0.2% to $1,755.20 an ounce. Both instruments rallied nearly 3% on Thursday and were set to gain 4.3% this week to record their best performance since late February.

Gold traded this morning below the resistance at 1,765 which weighs pressure shown in the readings of the technical indicators. However, the hourly chart shows wide divergence and a steep regression line. Meanwhile, the daily chart remains negative as long as it trades below 1,765, otherwise, it might have a probability to rise to 1,795.

Pivot Point: 1,760

SUPPORTRESISTANCE
1,7551,765
1,7351,775
1,7251,795

West Texas Crude (USOUSD)

Oil prices rose during the morning session after softer-than-expected U.S. inflation data ramped up hopes of smaller interest rate hikes by the Federal Reserve, although concerns over slowing economic growth and a COVID spike in China still saw crude trade negative for the week.

Additionally, Hong Kong softened some COVID-19 restrictions for inbound travellers, driving speculation that China could follow with a similar move. But rising COVID cases in China constrained enthusiasm over such a move happening in the near term.

Brent oil futures rose 0.3% to $93.96 a barrel in early Asian trade, while West Texas Intermediate crude futures rose 0.4% to $86.78 a barrel. Both contracts clocked strong gains on Thursday after the inflation data but were still set to end the week about 6% lower.

WTI declines to 87.50 which is considered major support, breaking this level might lead to a drop towards 84.85 on the hourly chart and 76.10 on the daily chart. However, technical indicators on both time frames show resilience with a probability of further gains.

Pivot Point: 87.90

SUPPORTRESISTANCE
86.5089.25
85.7090.15
84.8091.00