On Jan. 24 at 14:45 UTC, the US will publish its Purchasing Managers Index (PMI). This is an important indicator of the country’s economic sector.
Here’s how the market could respond:
🔼 Data below 51.4% may drive EUR/USD up.
🔽 Data above 51.4 % may drive EUR/USD down.
What’s your forecast?
👍 if you think EUR/USD will go up.
👎 if you think EUR/USD will go down.
Here’s how the market could respond:
🔼 Data below 51.4% may drive EUR/USD up.
🔽 Data above 51.4 % may drive EUR/USD down.
What’s your forecast?
👍 if you think EUR/USD will go up.
👎 if you think EUR/USD will go down.
Trader’s Way can help you become a skilled professional while also enjoying a wealth of advantages.
Here’s how it works:
✅ Each trade earns experience points (XP) based on your trade amount and profitability. For example, a $1 loss gives 5 XP, a profitable $1 trade yields 20 XP, and a successful $10 trade will net you 200 XP.
✅ Accumulate XP to advance through Trader’s Way, unlocking rewards and upgrading your platform status.
✅ Begin as a Starter with access to essential trading strategies and signals. Unlock Advanced and Expert statuses for more benefits, like higher profitability and faster withdrawals.
✅ The more you trade, the faster you climb the status ladder. Your progress resets every 30 days unless you maintain it.
✅ Starters have 12 rewards to look forward to, while Advanced and Expert traders both enjoy 16 rewards. It’s like a treasure trove waiting for you.
Are you on Trader’s Way?
Hit 👍 if yes, and 👎 if no.
Here’s how it works:
✅ Each trade earns experience points (XP) based on your trade amount and profitability. For example, a $1 loss gives 5 XP, a profitable $1 trade yields 20 XP, and a successful $10 trade will net you 200 XP.
✅ Accumulate XP to advance through Trader’s Way, unlocking rewards and upgrading your platform status.
✅ Begin as a Starter with access to essential trading strategies and signals. Unlock Advanced and Expert statuses for more benefits, like higher profitability and faster withdrawals.
✅ The more you trade, the faster you climb the status ladder. Your progress resets every 30 days unless you maintain it.
✅ Starters have 12 rewards to look forward to, while Advanced and Expert traders both enjoy 16 rewards. It’s like a treasure trove waiting for you.
Are you on Trader’s Way?
Hit 👍 if yes, and 👎 if no.
📈 Tesla will publish its report today. It may affect the stock price.
Previous data: $23.4B Forecast: $25.6B ❓ Do you think the published data will be higher or lower than predicted?
Previous data: $23.4B Forecast: $25.6B ❓ Do you think the published data will be higher or lower than predicted?
Anonymous Poll
81%
Higher ⬆
19%
Lower ⬇
Boeing stock fell by 12.3% down to $152.80 per share following the Alaska Airlines incident and FAA inspection. This is the biggest drop for the company in the last three years.
Why it happened:
🛩 On Jan. 5, a Boeing 737 MAX 9 en route from Seattle to San Francisco made an emergency landing. Production of the 737 MAX was suspended for inspection.
🇨🇳 The Civil Aviation Administration of China (CAAC) announced it would increase the number of checks on the 737 MAX.
📉 Wells Fargo Bank downgraded its rating on Boeing stock from overweight to equal weight, indicating that investors should lower their expectations for the company.
Why invest now?
📃 The company’s report for the fourth quarter of 2023 is expected on Jan. 31 this year.
📈 If Boeing resolves the safety issues and restores customer trust, demand for the company’s aircraft is likely to increase, eventually resulting in a rise of its stock value.
Send 🔥 if you’re going to trade on Boeing stock.
Why it happened:
🛩 On Jan. 5, a Boeing 737 MAX 9 en route from Seattle to San Francisco made an emergency landing. Production of the 737 MAX was suspended for inspection.
🇨🇳 The Civil Aviation Administration of China (CAAC) announced it would increase the number of checks on the 737 MAX.
📉 Wells Fargo Bank downgraded its rating on Boeing stock from overweight to equal weight, indicating that investors should lower their expectations for the company.
Why invest now?
📃 The company’s report for the fourth quarter of 2023 is expected on Jan. 31 this year.
📈 If Boeing resolves the safety issues and restores customer trust, demand for the company’s aircraft is likely to increase, eventually resulting in a rise of its stock value.
Send 🔥 if you’re going to trade on Boeing stock.
Guess the person 🎤
Known for his bullish stance on Bitcoin, this person greatly contributed to popularizing crypto investments through his personal podcast and social media presence.
Name the person.
Known for his bullish stance on Bitcoin, this person greatly contributed to popularizing crypto investments through his personal podcast and social media presence.
Name the person.
Anonymous Quiz
38%
Masayoshi Son
28%
Cathie Wood
16%
Vitalik Buterin
18%
Anthony Pompliano
Explore the Reflection strategy with tips from our expert Dita.
When to use it
This strategy helps spot potential trend changes. It’s good for short-term trading.
✅ Set up the strategy
1. Select FTT and choose an asset.
2. Pick a timeframe from 5 minutes to 1 hour.
3. Add the stochastic oscillator.
4. Mark support and resistance levels using the horizontal line tool.
🔼 Open an Up trade
- When the price reverses upwards after reaching the support level.
- When the stochastic oscillator rises above its signal line and above 20.
🔽 Open a Down trade
- When the price reverses downwards after reaching the resistance level.
- When the stochastic oscillator falls below its signal line and below 80.
💰 Close your trade
Hold your position 5 times longer than your chosen timeframe. So, if you chose a 5-minute chart, your trade should last 25 minutes or more.
React with 🔥 if you’re interested in testing the Reflection strategy.
When to use it
This strategy helps spot potential trend changes. It’s good for short-term trading.
✅ Set up the strategy
1. Select FTT and choose an asset.
2. Pick a timeframe from 5 minutes to 1 hour.
3. Add the stochastic oscillator.
4. Mark support and resistance levels using the horizontal line tool.
🔼 Open an Up trade
- When the price reverses upwards after reaching the support level.
- When the stochastic oscillator rises above its signal line and above 20.
🔽 Open a Down trade
- When the price reverses downwards after reaching the resistance level.
- When the stochastic oscillator falls below its signal line and below 80.
💰 Close your trade
Hold your position 5 times longer than your chosen timeframe. So, if you chose a 5-minute chart, your trade should last 25 minutes or more.
React with 🔥 if you’re interested in testing the Reflection strategy.
With the new year came new opportunities. We’re excited about Telegram’s channel stories, but only you can empower us to make the most of this feature.
So give us a boost and never miss valuable updates from Olymp Trade.
Follow the link below to level up our channel. Let’s keep growing together ✨
So give us a boost and never miss valuable updates from Olymp Trade.
Follow the link below to level up our channel. Let’s keep growing together ✨
Let’s see the most remarkable performers from last week 🔍
📈 Boeing’s stock jumped by 7.1%. The asset is back in an upward trend after inspections of 737 MAX 9 aircraft were initiated following the Alaska Airlines incident.
📉 Cryptocurrency Avalanche (AVAX) lost 21.7% in value due to a fall in the Bitcoin price.
📉 The price of silver has dropped by an additional 3.1% to $22 per troy ounce. The decline reflects selloffs from traders and investors amid growing hopes that the US Fed will maintain the interest rate.
Which of these assets are you most interested in? 💭
👍 — Boeing
❤️ — AVAX
🔥 — Silver
📈 Boeing’s stock jumped by 7.1%. The asset is back in an upward trend after inspections of 737 MAX 9 aircraft were initiated following the Alaska Airlines incident.
📉 Cryptocurrency Avalanche (AVAX) lost 21.7% in value due to a fall in the Bitcoin price.
📉 The price of silver has dropped by an additional 3.1% to $22 per troy ounce. The decline reflects selloffs from traders and investors amid growing hopes that the US Fed will maintain the interest rate.
Which of these assets are you most interested in? 💭
👍 — Boeing
❤️ — AVAX
🔥 — Silver
📈 Google will publish its report today. It may affect the stock price.
Previous data: $76.69B Forecast: $85.2B ❓ Do you think the published data will be higher or lower than predicted?
Previous data: $76.69B Forecast: $85.2B ❓ Do you think the published data will be higher or lower than predicted?
Anonymous Poll
84%
Higher ⬆
16%
Lower ⬇
On Jan. 31 at 1:15 pm UTC, the US will release its ADP Nonfarm Employment Change report, which predicts changes in nonfarm employment stats.
Here’s how the market could respond:
🔼 Data below 164,000 may drive USD/CAD up.
🔽 Data above 164,000 may drive USD/CAD down.
What’s your forecast?
👍 — USD/CAD will go up.
👎 — USD/CAD will go down.
Here’s how the market could respond:
🔼 Data below 164,000 may drive USD/CAD up.
🔽 Data above 164,000 may drive USD/CAD down.
What’s your forecast?
👍 — USD/CAD will go up.
👎 — USD/CAD will go down.
The Martingale strategy is based on the premise that, statistically, you can’t lose all the time. So, when your trade ends with a loss, you can recover by doubling your amount.
How it works ⚙️
For example, if you lose $5 on a trade, you then double your investment to $10 on the next trade. If that trade also goes wrong, you invest $20 on the next, and so on, until you finally have a profitable trade.
Use it wisely 🎓
While the Martingale strategy can offer short-term gains, it’s incredibly risky. Consistent losses can quickly eat up your capital. It’s best to have a solid reserve and a clear stopping point to prevent significant losses. However, no single method or strategy guarantees success by default. That’s why it’s always better to make decisions carefully.
Send 👍 if this was useful.
#OT_trading_glossary
How it works ⚙️
For example, if you lose $5 on a trade, you then double your investment to $10 on the next trade. If that trade also goes wrong, you invest $20 on the next, and so on, until you finally have a profitable trade.
Use it wisely 🎓
While the Martingale strategy can offer short-term gains, it’s incredibly risky. Consistent losses can quickly eat up your capital. It’s best to have a solid reserve and a clear stopping point to prevent significant losses. However, no single method or strategy guarantees success by default. That’s why it’s always better to make decisions carefully.
Send 👍 if this was useful.
#OT_trading_glossary
Who said it?
"Waiting helps you as an investor and a lot of people just can’t stand to wait.”
"Waiting helps you as an investor and a lot of people just can’t stand to wait.”
Anonymous Quiz
36%
Jorge Lemann
18%
Samuel Sachs
20%
Charlie Munger
26%
J.P. Morgan
🚀 AMD stock surged 11.7% last week, climbing from $105.18 to $117.29.
Critical factors of the growth
🔎 The overall stock market is transitioning from a bearish phase, benefiting AMD’s stock price and other tech stocks.
🔎 AMD received positive news this week, including a 71% increase in quarterly profit and a projected 31% revenue growth for 2024.
🔎 The United States is experiencing improved economic conditions, further boosting AMD’s stock as a semiconductor supplier.
Reasons to keep an eye on AMD
✅ For Q4 2023, AMD expects its revenue to rise 5% to 6% from Q4 2022, reaching $5.8 billion to $6.4 billion. This data releases on Jan. 30, 2024.
✅ AMD plans to release new products in 2024, potentially boosting customer appeal and revenue.
✅ The continued growth in semiconductor demand in 2024 could further enhance AMD’s revenue prospects.
AMD has the potential for substantial growth in 2024.
React with 🔥 and trade on AMD in Forex mode.
Critical factors of the growth
🔎 The overall stock market is transitioning from a bearish phase, benefiting AMD’s stock price and other tech stocks.
🔎 AMD received positive news this week, including a 71% increase in quarterly profit and a projected 31% revenue growth for 2024.
🔎 The United States is experiencing improved economic conditions, further boosting AMD’s stock as a semiconductor supplier.
Reasons to keep an eye on AMD
✅ For Q4 2023, AMD expects its revenue to rise 5% to 6% from Q4 2022, reaching $5.8 billion to $6.4 billion. This data releases on Jan. 30, 2024.
✅ AMD plans to release new products in 2024, potentially boosting customer appeal and revenue.
✅ The continued growth in semiconductor demand in 2024 could further enhance AMD’s revenue prospects.
AMD has the potential for substantial growth in 2024.
React with 🔥 and trade on AMD in Forex mode.