Ipek Ozkardeskaya
Swissquote Bank Ltd
In today’s special episode of Market Talk, we’re diving deep into one of the most fascinating tools in technical analysis: the Fibonacci retracement. Learn how this popular indicator helps identify key support and resistance levels, spot potential trend reversals, and guide your trading strategy with confidence.
We’ll also explore the golden ratio’s surprising connections to nature and why its popularity makes it a go-to tool for traders worldwide. Using practical examples like EURUSD and oil, I’ll show you how to apply Fibonacci levels effectively—whether you’re a day trader or focusing on medium-term trends.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
Editors’ Picks
EUR/USD halts recovery during midweek slowdown
EUR/USD stumbled on Wednesday, giving up around one-tenth of one percent as markets grind through a lull between the week’s key data prints. US President Donald Trump has briefly halted his steady stream of trade war rhetoric and threats to impose import taxes on his own citizens across the board, leaving markets with little else to focus on.
GBP/USD eases back as markets tiptoe through the midweek
GBP/USD softened on Wednesday, easing back around one-fifth of one percent as markets await a decisive trigger to tilt risk appetite one way or another. Markets are hunkering down during a slow midweek gap between key data releases, and Purchasing Managers Index figures are the light at the end of this week’s tunnel.
USD/JPY bounces to near 155.50 amid modest US Dollar uptick
USD/JPY finds fresh buyers and bounces to near 155.50 in the Asian session on Thursday. The pair reverses an early dip-=led by the better-than-expected Japanese Trade Balance data. Further upside could be capped amid prospects for an imminent BoJ rate hike on Friday.
Editors’ Picks
AUD/USD holds lower ground below 0.6300 despite renewed China optimism
AUD/USD stays depressed below the 0.6300 mark in the Asian session on Thursday amid uncertainty over US President Donald Trump's tariff plans. The Aussie shrugs off a risk-rally in Chinese stocks on fresh support measures as the US Dollar holds ground ahead of top-tier US data releases.
USD/JPY bounces to near 155.50 amid modest US Dollar uptick
USD/JPY finds fresh buyers and bounces to near 155.50 in the Asian session on Thursday. The pair reverses an early dip-=led by the better-than-expected Japanese Trade Balance data. Further upside could be capped amid prospects for an imminent BoJ rate hike on Friday.
Gold price consolidates below three-month top at $2,763
Gold price holds steady below its highest level since November at $2,763 and remains on track to prolong over a one-month-old uptrend. The uncertainty over US President Donald Trump's trade policies and Fed rate cut bets might continue to underpin the yellow metal.
Ripple's XRP ETFs: Is SEC approval on the horizon following CME's rumored futures launch?
The Chicago Mercantile Exchange allegedly plans to launch Ripple's XRP and Solana futures contracts following a now-deleted post on a staging website detailing how trading for both assets will function.
Netflix posts record quarter, as Trump talks tariffs on China
There has been a positive tone to risk this week, as the market digests Trump 2.0. However, Trump is not the only show in town. Earnings reports are also a key driver of stock indices, and the news is good.
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