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 defends 1.1600 amid renewed US Dollar weakness
EUR/USD defends ground above 1.1600 in European trading on Friday. The US Dollar meets fresh supply amid a better market mood, despite receding bets for Fed rate cuts, lending some support to the pair. Fedspeak awaited.
GBP/USD grinds higher to 1.3400 as US Dollar turns south
GBP/USD edges higher to test 1.3400 in the European session on Friday after registering modest losses in the previous session. The pair draws support from a renewed bout of selling seen around the US Dollar as risk sentiment improves. The focus now turns to geopolitical developments and Fedspeak.
USD/JPY price tests consolidation breakout near 158.00
The USD/JPY pair trades 0.18% lower to near 158.35 during the early European trading session on Friday. The pair has come under pressure as the Japanese Yen strengthens on verbal warnings of intervention by Japan to counter one-way excessive moves.
Editors’ Picks
EUR/USD defends 1.1600 amid renewed US Dollar weakness
EUR/USD defends ground above 1.1600 in European trading on Friday. The US Dollar meets fresh supply amid a better market mood, despite receding bets for Fed rate cuts, lending some support to the pair. Fedspeak awaited.
GBP/USD grinds higher to 1.3400 as US Dollar turns south
GBP/USD edges higher to test 1.3400 in the European session on Friday after registering modest losses in the previous session. The pair draws support from a renewed bout of selling seen around the US Dollar as risk sentiment improves. The focus now turns to geopolitical developments and Fedspeak.
Gold steadies near $4,600 due to risk-on mood, Fed caution bets
Gold hovers around $4,600 during the early European hours on Friday. However, Gold prices fell amid decreasing safe-haven demand as geopolitical risks in Iran temporarily eased. US President Donald Trump signaled he may delay military action after Iran pledged not to execute protesters.
Bitcoin, Ethereum and Ripple rally pauses near key levels
Bitcoin holds above $95,400 on Friday after rallying 5% so far this week. Ethereum and Ripple followed BTC’s footsteps, hovering around key levels after their upside moves.
US Government still running massive deficit despite tariff revenue
Despite the influx of tariff revenue, the federal government continues to run a massive budget deficit. The December budget shortfall came in at $144.75 billion, a record for the month. That was 68 percent higher than December 2024.
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