๐
Our freshly updated economic calendar is ready.
Check out the key events of the upcoming week that are likely to affect major currency pairs.
Which event do you think will have the biggest impact?
๐ฅADP nonfarm employment change
๐คฉUK interest rate decision
๐US initial jobless claims
Check out the key events of the upcoming week that are likely to affect major currency pairs.
Which event do you think will have the biggest impact?
๐ฅADP nonfarm employment change
๐คฉUK interest rate decision
๐US initial jobless claims
๐11๐ฅ3๐คฉ3
๐ On Feb. 5 at 1:15 pm UTC, the ADP Nonfarm Employment Change report will be released.
What is the ADP report?
It measures changes in employment in the US private sector (excluding agriculture). It provides insights into the health of the job market, which can affect the strength of the US dollar.
๐ Strong ADP data typically supports the US dollar.
๐ Weak ADP data usually affects the US dollar negatively.
ADP data
Previous: +122,000
Expected: +100,000
Hereโs how the market could respond:
๐ผ Data below 100,000 may drive EUR/USD up.
๐ฝ Data above 100,000 may drive EUR/USD down.
๐ Last month, the ADP data was lower than expected, boosting EUR/USD.
๐ฆ Tip:
Use a pending order to open a trade at the right time.
Trade duration: 1โ5 minutes
Time: 1:15 pm UTC
Whatโs your forecast?
๐ EUR/USD will rise
๐ EUR/USD will drop
What is the ADP report?
It measures changes in employment in the US private sector (excluding agriculture). It provides insights into the health of the job market, which can affect the strength of the US dollar.
๐ Strong ADP data typically supports the US dollar.
๐ Weak ADP data usually affects the US dollar negatively.
ADP data
Previous: +122,000
Expected: +100,000
Hereโs how the market could respond:
๐ผ Data below 100,000 may drive EUR/USD up.
๐ฝ Data above 100,000 may drive EUR/USD down.
๐ Last month, the ADP data was lower than expected, boosting EUR/USD.
๐ฆ Tip:
Use a pending order to open a trade at the right time.
Trade duration: 1โ5 minutes
Time: 1:15 pm UTC
Whatโs your forecast?
๐ EUR/USD will rise
๐ EUR/USD will drop
๐8๐3
๐จ If youโve jumped into a trade without thinking, just because you were afraid of missing an opportunity, then you know exactly what FOMO means.
Itโs common in bull markets, especially when thereโs a lot of social media buzz. Thanks to FOMO, traders sometimes act on impulse and make costly mistakes.
Signs of FOMO:
๐ฅ You feel an urge to act immediately.
๐ค You donโt want to miss this one unique, unrepeatable chance to get rich.
๐ Youโre afraid that others will get ahead, making you feel like a failure.
How to overcome FOMO:
โ๏ธ Stick to your trading plan.
โ๏ธ Rely on technical analysis, not intuition.
โ๏ธ Take a step back and ask yourself: โAm I trading out of fear?โ
Are you familiar with FOMO?
๐ Yes
๐ฅ Not yet
Itโs common in bull markets, especially when thereโs a lot of social media buzz. Thanks to FOMO, traders sometimes act on impulse and make costly mistakes.
Example:
๐ท In Aug. 2020, gold surged to over $2,070, driven by economic uncertainty and inflation fears. A few months later, as tensions lowered and investors moved to equities, the price dropped below $1,700, and many FOMO traders who entered at the top faced losses.
Signs of FOMO:
๐ฅ You feel an urge to act immediately.
๐ค You donโt want to miss this one unique, unrepeatable chance to get rich.
๐ Youโre afraid that others will get ahead, making you feel like a failure.
How to overcome FOMO:
โ๏ธ Stick to your trading plan.
โ๏ธ Rely on technical analysis, not intuition.
โ๏ธ Take a step back and ask yourself: โAm I trading out of fear?โ
Are you familiar with FOMO?
๐ Yes
๐ฅ Not yet
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๐In January, 3Mโs stock rose by 15%, driven by solid quarterly results and a positive market outlook.
๐น Reasons behind the growth:
โ๏ธ The companyโs latest earnings report exceeded expectations.
โ๏ธ New eco-friendly initiatives boosted investor confidence.
โ๏ธ Key lawsuit resolution contributed to market stability.
๐น Why trade on 3M now?
๐ 3M is a large, established company with solid fundamentals.
๐ The high return in January has created a strong upward trend that could continue into February.
๐ฐ Key support and resistance levels present great opportunities for short-term trading.
๐ฆพ Even small price changes can lead to significant profits, especially when using leverage.
Whatโs your 3M forecast for February?
๐ Itโll keep rising
๐ Itโll drop
๐น Reasons behind the growth:
โ๏ธ The companyโs latest earnings report exceeded expectations.
โ๏ธ New eco-friendly initiatives boosted investor confidence.
โ๏ธ Key lawsuit resolution contributed to market stability.
๐น Why trade on 3M now?
๐ 3M is a large, established company with solid fundamentals.
๐ The high return in January has created a strong upward trend that could continue into February.
๐ฐ Key support and resistance levels present great opportunities for short-term trading.
๐ฆพ Even small price changes can lead to significant profits, especially when using leverage.
๐งฎ Profit potential: Example
Deposit: $100
Trade amount: $10
Multiplier: 20x
The average price movement per month is 2โ5%. If the price moves by 5% in the predicted direction, your profit will be 100% of the trade amount ($5 x 20 = $10).
Whatโs your 3M forecast for February?
๐ Itโll keep rising
๐ Itโll drop
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This entrepreneur, who founded the worldโs largest cryptocurrency exchange, used to work at McDonaldโs to help support his family before diving into the world of blockchain technology.
Who is he?
Who is he?
Anonymous Quiz
31%
Vitalik Buterin
35%
Changpeng Zhao (CZ)
20%
atoshi Nakamoto
14%
Ben Zhou
๐17๐1
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Crypto deposits come with benefits on Olymptrade? For real?!
Absolutely! Time for blockchain to improve your trading ๐
๐ฌ This video will show you how you can open a wallet and despot crypto to Olymptrade! โ https://www.youtube.com/watch?v=QhL79dOkiHw
Absolutely! Time for blockchain to improve your trading ๐
๐ฌ This video will show you how you can open a wallet and despot crypto to Olymptrade! โ https://www.youtube.com/watch?v=QhL79dOkiHw
YouTube
Crypto deposits on Olymptrade | Olymptrade
Cryptocurrency has been a hit with the finance market for years now. On Olymptrade, using crypto for deposits and withdrawals comes with some solid benefits! Watch this video to find out:
โซ๏ธ Benefits of depositing crypto to Olymptrade
โซ๏ธ How to make aโฆ
โซ๏ธ Benefits of depositing crypto to Olymptrade
โซ๏ธ How to make aโฆ
โค7๐2๐1
On February 12 at 1:30 pm UTC, the Bureau of Labor Statistics will announce its core consumer price index (Core CPI).
What is Core CPI?
Core CPI measures the annual core inflation rate, reflecting price changes for goods and services over the past year, excluding volatile categories like food and energy.
๐ If the Core CPI rises above the forecast, it may lead to an interest rate increase, strengthening the USD.
๐ If the Core CPI falls below the forecast, a rate hike becomes less likely, which could weaken the USD.
Core CPI:
Previous: 3.2%
Forecasted: 3.3%
Hereโs how the market could respond:
๐ผ Data above 3.3% may drive EUR/USD down.
๐ฝ Data below 3.3% may drive EUR/USD up.
Whatโs your forecast?
๐ EUR/USD will rise
๐ EUR/USD will drop
What is Core CPI?
Core CPI measures the annual core inflation rate, reflecting price changes for goods and services over the past year, excluding volatile categories like food and energy.
๐ If the Core CPI rises above the forecast, it may lead to an interest rate increase, strengthening the USD.
๐ If the Core CPI falls below the forecast, a rate hike becomes less likely, which could weaken the USD.
Core CPI:
Previous: 3.2%
Forecasted: 3.3%
Hereโs how the market could respond:
๐ผ Data above 3.3% may drive EUR/USD down.
๐ฝ Data below 3.3% may drive EUR/USD up.
๐ก Tip:
When the Core CPI data is released on Feb. 12 at 1:30 pm UTC, expect a sharp but short-lived price movement. This volatility creates a great opportunity for traders to make quick profits with accurate predictions.
Whatโs your forecast?
๐ EUR/USD will rise
๐ EUR/USD will drop
๐10๐3โค1
Last week was a major win for IBM, with its stock price jumping 15.5% and captivating investors worldwide.
๐ Why did IBMโs stock grow?
- IBMโs quarterly results exceeded market expectations.
- Announcements about progress in cloud computing and AI boosted interest.
- Improved business processes and cost reductions sparked positive sentiment.
๐ Whatโs next for IBM?
IBMโs momentum looks promising, supported by a solid diversification strategy and service quality improvements.
๐ Why trade IBM now?
IBMโs consistent growth makes it a great candidate for a buy-and-hold strategy, especially with minimal leverage
๐ก IBMโs current performance
On average, IBMโs stock grows 5โ8% monthly, fueled by strong earnings and tech innovations. This makes it attractive for long-term investors
How much will IBM grow next month?
๐ Over 15%
๐ Under 15%
๐ Why did IBMโs stock grow?
- IBMโs quarterly results exceeded market expectations.
- Announcements about progress in cloud computing and AI boosted interest.
- Improved business processes and cost reductions sparked positive sentiment.
๐ Whatโs next for IBM?
IBMโs momentum looks promising, supported by a solid diversification strategy and service quality improvements.
๐ Why trade IBM now?
IBMโs consistent growth makes it a great candidate for a buy-and-hold strategy, especially with minimal leverage
๐ก IBMโs current performance
On average, IBMโs stock grows 5โ8% monthly, fueled by strong earnings and tech innovations. This makes it attractive for long-term investors
Example:
Deposit: $100
Trade amount: $20
Leverage: 20x
If IBMโs price rises by 10%, your profit would be 200%:
$20 ร 10% ร 20 = $40 profit (= 200% of your trade amount)
How much will IBM grow next month?
๐ Over 15%
๐ Under 15%
๐11๐4
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Spotting trends early can unlock more profitable opportunities.
Here are our expertโs tips to help you identify, visualize and confirm market trends using technical analysis tools.
1๏ธโฃ Use moving averages to identify the direction:
๐ Uptrend: Price stays above the MA.
๐ Downtrend: Price stays below the MA.
2๏ธโฃ Use the trend line drawing tool to visualize price movements:
๐ Uptrend: Connect higher lows for support.
๐ Downtrend: Connect lower highs for resistance.
3๏ธโฃ Combine these tools to confirm the direction:
๐ Price bounces up from the support trendline and remains above the MA, confirming the uptrend.
๐ Price moves along the resistance trendline and stays below the MA, confirming the downtrend.
4๏ธโฃ Signs of a trend reversal:
๐ A breakout below the trend line and MA suggests a bearish reversal.
๐ A breakout above the trendline and MA suggests a bullish reversal.
Do you find it easy to spot trends?
๐ Yes
โค๏ธ It can be tricky sometimes
๐ฅ Not yet
Here are our expertโs tips to help you identify, visualize and confirm market trends using technical analysis tools.
1๏ธโฃ Use moving averages to identify the direction:
๐ Uptrend: Price stays above the MA.
๐ Downtrend: Price stays below the MA.
2๏ธโฃ Use the trend line drawing tool to visualize price movements:
๐ Uptrend: Connect higher lows for support.
๐ Downtrend: Connect lower highs for resistance.
3๏ธโฃ Combine these tools to confirm the direction:
๐ Price bounces up from the support trendline and remains above the MA, confirming the uptrend.
๐ Price moves along the resistance trendline and stays below the MA, confirming the downtrend.
4๏ธโฃ Signs of a trend reversal:
๐ A breakout below the trend line and MA suggests a bearish reversal.
๐ A breakout above the trendline and MA suggests a bullish reversal.
Do you find it easy to spot trends?
๐ Yes
โค๏ธ It can be tricky sometimes
๐ฅ Not yet
๐24โค7๐ฅ5
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On February 18 at 1:30 pm UTC, the Canadian Core Consumer Price Index (Core CPI) report will be released.
What is Core CPI?
Core CPI measures changes in the prices of goods and services, excluding food and energy. Itโs a key indicator of inflation and economic stability in Canada.
๐ If the Core CPI rises above the forecast, it may lead to accelerating inflation, strengthening the Canadian dollar.
๐ If the Core CPI falls below the forecast, it may slow inflation, weakening the Canadian dollar.
Core CPI:
Previous: 1.8%
Forecasted: 1.7%
Hereโs how the market might react:
๐ผ Data above 1.8% may drive USD/CAD down.
๐ฝ Data below 1.8% may drive USD/CAD up.
Whatโs your prediction for USD/CAD this time?
๐ USD/CAD will go up
๐ USD/CAD will go down
What is Core CPI?
Core CPI measures changes in the prices of goods and services, excluding food and energy. Itโs a key indicator of inflation and economic stability in Canada.
๐ If the Core CPI rises above the forecast, it may lead to accelerating inflation, strengthening the Canadian dollar.
๐ If the Core CPI falls below the forecast, it may slow inflation, weakening the Canadian dollar.
Core CPI:
Previous: 1.8%
Forecasted: 1.7%
Hereโs how the market might react:
๐ผ Data above 1.8% may drive USD/CAD down.
๐ฝ Data below 1.8% may drive USD/CAD up.
๐ก Tip
This event is perfect for FT/Flex, where you only need to predict if the price will go up or down.
Use Olymptradeโs pending order feature to set your trade to automatically open at 1:30 pm UTC.
Whatโs your prediction for USD/CAD this time?
๐ USD/CAD will go up
๐ USD/CAD will go down
๐10
๐ข If an assetโs price shoots upwards (sometimes beyond its fair value), that often signals it is overbought, meaning the bullish momentum could fade soon.
Examples:
๐ท A currency pair like GBP/USD might show overbought signals when exhausted after a strong rally.
๐ Stocks with good growth potential can become overbought when their prices surge on strong earnings reports.
๐ Bitcoin frequently hits overbought levels after long bull runs.
How to see if an asset is overbought:
โ๏ธ The RSI (Relative Strength Index) exceeds 70.
โ๏ธ The Stochastic Oscillator moves above 80.
These technical analysis indicators can help you anticipate price pullbacks and adjust your strategies accordingly.
๐ก Expert tip:
An overbought signal doesnโt guarantee a reversal, but it can alert you to a potential slowdown in buying pressure. Consider tightening your Stop Loss and taking partial profits when you see one.
Have you ever profited from an asset being overbought?
๐ Yes
๐ฅ Not yet
Examples:
๐ท A currency pair like GBP/USD might show overbought signals when exhausted after a strong rally.
๐ Stocks with good growth potential can become overbought when their prices surge on strong earnings reports.
๐ Bitcoin frequently hits overbought levels after long bull runs.
How to see if an asset is overbought:
โ๏ธ The RSI (Relative Strength Index) exceeds 70.
โ๏ธ The Stochastic Oscillator moves above 80.
These technical analysis indicators can help you anticipate price pullbacks and adjust your strategies accordingly.
๐ก Expert tip:
An overbought signal doesnโt guarantee a reversal, but it can alert you to a potential slowdown in buying pressure. Consider tightening your Stop Loss and taking partial profits when you see one.
Have you ever profited from an asset being overbought?
๐ Yes
๐ฅ Not yet
๐7๐ฅ2
Gold is full of surprises! From Feb. 3 to 11, its price jumped up 5%, reaching a record-high $2,925. This surge has captured the attention of investors worldwide.
๐ Why did the price go up?
- Global instability, geopolitical risks and financial turbulence are inspiring investors to turn to precious metals.
- Expectations of a softer US monetary policy have increased interest in gold as an alternative asset.
๐ Whatโs next for gold?
As economic and geopolitical uncertainty persists, demand for safe haven assets may continue to push gold prices higher.
๐ Why trade Gold now?
Gold typically grows 3โ5% monthly, especially during periods of economic instability, making it a solid choice for long-term investors.
How do you expect gold to perform for the rest of the month?
๐ It will keep rising
๐ It will decline
๐ Why did the price go up?
- Global instability, geopolitical risks and financial turbulence are inspiring investors to turn to precious metals.
- Expectations of a softer US monetary policy have increased interest in gold as an alternative asset.
๐ Whatโs next for gold?
As economic and geopolitical uncertainty persists, demand for safe haven assets may continue to push gold prices higher.
๐ Why trade Gold now?
Gold typically grows 3โ5% monthly, especially during periods of economic instability, making it a solid choice for long-term investors.
Example:
Deposit: $100
Trade amount: $20
Leverage: 200x
If the price of gold rose by 5%, your profit would be 1,000%:
$20 ร 5% ร 200 = $200 profit (= 1,000% of your initial trade amount)
How do you expect gold to perform for the rest of the month?
๐ It will keep rising
๐ It will decline
๐8๐2
The founder of this cryptocurrency dropped out of university to build it. Early supporters donated Bitcoin to the project to make it a reality.
Anonymous Quiz
62%
Ethereum
26%
Solana
12%
Ripple
๐6๐2๐1
Not sure how to use oscillators and which oneโs best for you? This videoโs got the answers!
Find out what the top-5 oscillators are and what they do, and make them your best friends for mastering the market! ๐
๐ฌ Use the secrets of oscillators to your advantage! โ https://www.youtube.com/watch?v=TJq6BsgAuPA
Find out what the top-5 oscillators are and what they do, and make them your best friends for mastering the market! ๐
๐ฌ Use the secrets of oscillators to your advantage! โ https://www.youtube.com/watch?v=TJq6BsgAuPA
YouTube
Secrets of the top 5 oscillators | Olymptrade
Every profitable trading strategy uses an oscillator. But what are the best oscillators for Forex trading? This is the topic weโre crushing today so you can get an even better handle on the market. Along with a few secrets of Olymptradeโs top oscillatorsโฆ
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