<p>On the daily chart below, we can
see that the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> at 4175 is still holding and the
buyers are having a hard time breaking it. You can feel the battle between
buyers and sellers as recently the soft-landing narrative changed into the no-landing
one where the Fed may have not done enough to depress growth and return
inflation back to the 2% target. </p><p>After the “wow” <a target=“_blank“ href=“https://www.forexlive.com/news/us-nonfarm-payroll-517k-vs-185k-estimate-unemployment-rate-34-vs-35-estimate-20230203/“>NFP</a> report, we saw the <a target=“_blank“ href=“https://www.forexlive.com/news/us-january-cpi-64-yy-vs-62-expected-20230214/“>US
CPI</a> data
coming within expectations but those expectations were high with M/M readings
too high for a return to 2%. The disinflationary trend seemed also to have
slowed. </p><p>Yesterday we also got a big beat
in <a target=“_blank“ href=“https://www.forexlive.com/news/us-january-retail-sales-30-vs-18-expected-20230215/“>Retail
Sales</a>, which is another bad signal for the Fed and may require a higher
terminal rate than they projected in December 2022. </p><p>In the 4
hour chart below, we can see that the constant knocking on the 4175 door
coupled with the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a> may form an <a target=“_blank“ href=“https://www.forexlive.com/Education/chart-patterns-guide-20220125/“>ascending
triangle</a> pattern. </p><p>The price
can break on either side of the triangle, as the buyers may have the strength
to break higher and lead to higher momentum or not enough strength exhausting them
and lead to a sell off as they cover positions and the sellers exacerbate the
downward momentum. </p><p>In the 1 hour chart below, we can
see more closely the recent catalysts and the market not doing much other than
chopping around. The price is basically in no man’s land and the best strategy
would be to wait for a clear breakout. </p><p>Today we will get the <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>US Jobless Claims</a> data and although it’s likely
that we will see another round of choppiness after some volatility, big
surprises should move the market. </p><p>A big miss would again signal the
strength of the labour market, but a big beat would be less expected and
probably lead the market to speculate on weakening labour market going forward.
</p>

This article was written by ForexLive at www.forexlive.com.

<p style=““ class=“text-align-justify“>Risk sentiment is steadier so far in European trading and that is seeing the dollar keep slightly lower on the session. The retreat in the greenback isn’t anything too notable, ranging around 0.2% to 0.3% against the major currencies bloc. Even though we did get major economic data releases this week, it doesn’t seem to have been enough to trigger much appetite in dollar pairs.</p><p style=““ class=“text-align-justify“>I’ll let the charts do the talking once again but TLDR: Nothing much has changed since this post on Tuesday <a target=“_blank“ href=“https://www.forexlive.com/news/what-are-the-key-levels-to-watch-for-dollar-pairs-ahead-of-the-us-cpi-data-today-20230214/“ target=“_blank“ rel=“follow“>here</a>.</p><p style=““ class=“text-align-justify“>EUR/USD is still largely caught in a bind after the failure to get above 1.1000 on the January rally. The rejection there now puts key resistance at the figure level while key support lies closer towards the January lows closer towards 1.0500. For now, price action is sort of consolidating right in the middle of that range below 1.0800 and that suggests a lack of directional momentum in play.</p><p style=““ class=“text-align-justify“>As for GBP/USD, the pair saw gains last month stall at the December highs around 1.2443-46 and then made its way back towards 1.2000 again. We did see a retest of the figure level yesterday and so far, buyers are still holding on. That said, bids on that side are acting as a decent support before we get to the key one in the form of the 100 (red line) and 200-day (blue line) moving averages at 1.1892 and 1.1939 respectively.</p><p style=““ class=“text-align-justify“>Adding to that support layer will be the the January lows in the region around 1.1841 to 1.1900 on the daily chart.</p><p style=““ class=“text-align-justify“>Much like EUR/USD, price needs a break on either side of the resistance and support levels noted to really indicate the next momentum move in pair.</p><p style=““ class=“text-align-justify“>Moving over to the antipodeans, first we have AUD/USD which has seen its strong start to the year thwarted by the August highs at 0.7125-36. Since then, we are seeing a bit of a retreat back under 0.7000 with buyers failing to get back above the figure level in recent attempts.</p><p style=““ class=“text-align-justify“>That is keeping sellers interested but they themselves have struggled to firmly break below the 19 January low at 0.6870 – at least on the daily chart. That remains a key short-term support level to watch before the 200-day moving average (blue line) comes into play closer to 0.6800 currently.</p><p style=““ class=“text-align-justify“>Then, we have NZD/USD which has seen its upside momentum stall again at around the 0.6500 mark – as it did back in December. The recent climb down has seen price action be caught in a bit of a consolidation territory since the end of last year. Key support lies closer to the December and January lows around the region of 0.6200 to 0.6230.</p><p style=““ class=“text-align-justify“>But just below that will be the 200-day moving average (blue line) at 0.6185, so any real push to the downside will require some real gusto to break below said support levels before the momentum gets going.</p><p style=““ class=“text-align-justify“>As you can see, most dollar pairs are not really going anywhere at this point as price action is caught in between key support and resistance levels. In other words, there needs to be a stronger trigger for price to break out and for a new momentum play to come about for traders. And we are just not there yet.</p><p style=““ class=“text-align-justify“>The only decent mover on the week seems to be USD/JPY, partly driven by higher bond yields.</p><p style=““ class=“text-align-justify“>Buyers look to be breaking away from the sequence of lower highs, lower lows as price pushes above short-term support around 132.87 to around 134.00 yesterday. Still, key support lies closer to the late December and January highs around 134.50 to 134.77 but I would just pin that at 135.00 as one can expect offers lined up at the figure level.</p>

This article was written by Justin Low at www.forexlive.com.

<p>Growth
and value are the two main techniques for <a target=“_blank“ href=“https://fxrevenues.com/signup“ target=“_blank“ rel=“follow“>investing in stocks</a>
and mutual funds. Growth investors look for businesses with substantial profit
growth, while value <a target=“_blank“ href=“https://fxrevenues.com/“ target=“_blank“ rel=“follow“>investors</a>
look for equities that seem to be undervalued in the market. </p><p>Together,
the two types can assist your portfolio in becoming more diverse because they
complement one another.</p><p>Growth
stocks are businesses that have recently experienced above-average earnings
growth and are anticipated to continue generating high-profit growth, though
there are no guarantees. </p><p>Enterprises
that are considered to be „emerging“ growth companies have the
potential to experience rapid earnings growth but lack a track record of doing
so.</p><p>Before
choosing to purchase a stock when investing in stocks, investors do so for two
reasons. First, we anticipate that the stock price will increase beyond the
date of acquisition. Second, because the shares will consistently pay
dividends. </p><p>Growth
Stocks </p><p>Growth
stocks do much better than value equities, the opposite of growth stocks.
Investors consider it an „excellent and costly“ stock (expand the
business and utilize significant investment). Some corporations do not pay low
cash flow and dividend yield or dividends. The following factors are considered
when determining which stocks are growth stocks.</p><p>·
Low dividend yield, below industry or market average.
For business growth, working capital needs to be set aside.</p><p>·
P/E Ratio is greater than the industry or market
average. These stocks have excellent sales and profitability. Therefore
investors are willing to pay a high cost for them. </p><p>·
P/BV Ratio is more significant than the industry
standard or the market average.</p><p>Value
Stock</p><p>Consider
the following when determining the factors that decide which stocks are value
stocks.</p><p>·
High Dividend Yield, above the industry average or the
market average</p><p>·
The P/E Ratio is below the industry average or the
market average, indicating that the company will do worse than its peers or
worse than predicted. </p><p>·
P/BV Ratio, below the industry or market average.</p><p>The
Risk and Return of Value Stocks</p><p>Value
companies are viewed as riskier than growth stocks despite their potential
upsides because of the market’s skepticism. Value stocks need to be perceived
differently by the call to become profitable because they are considered
riskier than emerging growth companies. A value stock is frequently more likely
than a growth stock to generate a higher long-term return due to the underlying
risk.</p><p>Investing
in both growth and value stocks</p><p>How should an investor proceed? </p><p>One
choice is to invest in both plans equally. Together, they broaden the equity
portion of a portfolio and provide opportunities for gains in either direction.</p><p>Because
the market moves in cycles of value and growth, assess your investing approach
and consider rebalancing your portfolio regularly to ensure that it maintains
your chosen allocation.</p><p>FINAL
OVERVIEW</p><p>It
could take a considerable time for a valued stock to recover from being
undervalued. Therefore, buying a value stock means that this emergence might
never occur.</p><p>Investors
who want to reach their financial objectives must fully comprehend the stock’s
fundamental characteristics and risk. The two most popular stock categories are
value stocks and growth stocks.</p>

This article was written by ForexLive at www.forexlive.com.

<p>To assist
you in creating a watchlist of <a target=“_blank“ href=“https://finaguide.com/“ target=“_blank“ rel=“follow“>possible investments</a>, we discussed
how to locate stocks that you comprehend, have meaning for you, and are
competitive in their industry in the previous chapter.</p><p>This is
where the research ends for the majority of individuals. They invest their
money in the market irrationally and pray for the best.</p><p>This
approach has flaws, chief among them being that it needs to assess a company’s
financial stability. Using economic measures to evaluate a company’s worth as
an <a target=“_blank“ href=“https://finaguide.com/Registration“ target=“_blank“ rel=“follow“>investment and potential for future profit</a> is crucial.</p><p>Why Stock
Metrics Matter</p><p>Stock
metrics are used to evaluate, contrast, and monitor stock performance. These
measures are recognized as a quantitative evaluation technique. Value investors
and financial planners also use them to create a picture of a stock’s
performance.</p><p>In addition,
equities may be frequently evaluated using this information to track their
performance and develop long-term investing plans.</p><p>When
selecting an investing plan, a wide range of stock measurements may be employed
to great advantage. These investment criteria have been created over time to
enhance effectiveness and adhere to industry norms.</p><p>THE KEY
METRICS TO VALUE A STOCK </p><p> By calculating these financial parameters, you
can determine if the company you are considering is reliable and capable of
generating excellent returns year after year.</p><p>1. Return on
Capital Invested</p><p>Return on
Invested Capital (ROIC) should be the first of the „Big 5 Numbers“
that you consider (ROIC). This is the annual return a company receives on the
money it invests in itself.</p><p>The ROIC
gauges how well a business uses the money to generate profits. It is the single
most significant indicator of how successfully a firm is doing, and it offers
invaluable advice on whether you should consider investing in that business.</p><p>2. Sales
Growth Rate</p><p>The Revenue
Growth Rate, often known as the Sales Growth Rate, is a relatively simple
concept. It is the pace at which a company’s overall revenue increases (or not)
year over year.</p><p>3. Growth in
Earnings Per Share</p><p>Earnings Per
Share, often known as EPS Growth Rate, is the third of the Big 5 Numbers. This
figure illustrates the trend in how much the company is making per ownership
share over a specific time frame.</p><p>Net profit
is divided by outstanding shares to determine earnings per Share (EPS).</p><p>4. Equity
Growth Rate</p><p>The equity
growth rate demonstrates whether and by how much a company’s equity has increased
or decreased over time.</p><p>Why is it
essential that a company’s equity is increasing?</p><p>The fact
that a company’s equity is increasing suggests that it has enough extra cash
(after paying its bills) to invest in equipment that will boost future sales.</p><p>5. Rate of
Operating Cash Flow Growth</p><p>The
Operating Cash Flow Growth Rate is the last financial indicator to consider.
This gauges the growth rate of operational cash, and the amount of money that
enters the bank due to company activities.</p><p>FINAL INSIGHT</p><p>Remember
that choosing a firm you enjoy is just one aspect of making a wise purchase. </p><p>Financial
metrics must be used to evaluate a company’s financial standing for you to feel
confident in its future performance and, consequently, the success of your investment.</p>

This article was written by ForexLive at www.forexlive.com.

<ul><li>Prior +7.4%</li><li>Market index 230.4 vs 249.5 prior</li><li>Purchase index 179.6 vs 190.0 prior</li><li>Refinance index 480.5 vs 549.3 prior</li><li>30-year mortgage rate 6.39% vs 6.18% prior</li></ul>

This article was written by Justin Low at www.forexlive.com.

<p style=““ class=“text-align-justify“>That said, they still do see a recession being the base case scenario for the US economy as opposed to a soft landing. The call comes after the US inflation numbers yesterday, which does allow for the argument that the Fed may need to tighten monetary policy further in the coming months.</p>

This article was written by Justin Low at www.forexlive.com.

<p>On the daily chart below, we can
see that the price has been trading in a falling channel for a quarter now. The
USD lost ground on the back of falling <a target=“_blank“ href=“https://www.forexlive.com/terms/i/inflation/“ class=“terms__main-term“ id=“ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa“ target=“_blank“>inflation</a> and rate cuts being priced for
this year. </p><p>Recently things changed as the
blockbuster <a target=“_blank“ href=“https://www.forexlive.com/news/us-nonfarm-payroll-517k-vs-185k-estimate-unemployment-rate-34-vs-35-estimate-20230203/“>NFP</a> report yet again showed an
extremely tight labour market and the <a target=“_blank“ href=“https://www.forexlive.com/news/ism-us-nonmanufacturing-pmi-index-552-versus-504-estimate-20230203/“>ISM
Services PMI</a> jump back into expansion triggered a repricing of
rates expectations. We can also see that the channel is <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>diverging</a> with the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a>. </p><p>Generally, this loss of momentum
triggers a pullback to the nearest support/resistance or <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a> before another leg lower/higher.
</p><p>In fact, the price pulled back to
the top of the channel and if we see it breaking up, then a much bigger
correction may kick in with the price possibly rallying all the way back up to
0.96 and the 50% <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci
retracement</a> level. </p><p>On the 4 hour chart below, we can
see that after reaching the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a>, the price pulled back to the
50/61.8% Fibonacci retracement area. The price bounced there as the <a target=“_blank“ href=“https://www.forexlive.com/news/us-january-cpi-64-yy-vs-62-expected-20230214/“>US
CPI report</a> yesterday showed that the disinflationary trend is
slowing and the M/M inflation rate is still too high. </p><p>In fact, <a target=“_blank“ href=“https://www.forexlive.com/centralbank/december-fed-funds-pricing-hits-5-20230214/“>the
market repriced</a> future interest rates expectations with the
terminal rate moving up a bit and rate cuts being priced out. The range now is
clear: get above the resistance at 0.9287 and the breakout is confirmed with
further upside expected, get below the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> at 0.9150 and the sellers will
start to target the low at 0.9050.</p><p>On the 1 hour chart below, we can
see that the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> are now pointing north and the price is right at the upper bound of the
channel. Today we have the <a target=“_blank“ href=“https://www.forexlive.com/news/why-wednesdays-us-retail-sales-report-could-be-stronger-than-expected-20230214/“>US
Retail Sales</a> report, which is expected to be positive. A beat
to the expectations should give us the breakout higher, while a miss should
give us another pullback to the support zone at 0.9150. </p>

This article was written by ForexLive at www.forexlive.com.

<p>On the daily chart below, we can
that there’s a possible <a target=“_blank“ href=“https://www.forexlive.com/Education/chart-patterns-guide-20220125/“>double
top pattern</a> with the high at 0.6514 and the neckline at
0.6191. If the price falls below the neckline, the pattern should be confirmed
and the measured target would be in the 0.5900 area. </p><p>The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>divergence</a> between the second top and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a> is also an extra signal of weak
upside momentum and it strengthens the pattern. </p><p>The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> are pointing to further downside movement as the blue short period
moving average is below the red long period moving average. As things stand,
the price should at least get to the neckline.</p><p>On the 4 hour chart below, we can
see a ranging price action as traders are trying to decide if we get to a soft
landing where inflation is falling and the labour market remains resilient and
one where inflation doesn’t come down to the Fed’s 2% target requiring higher
rates and eventually a hard landing. </p><p>Yesterday’s <a target=“_blank“ href=“https://www.forexlive.com/news/us-january-cpi-64-yy-vs-62-expected-20230214/“>CPI</a> report came out basically as
expected and we just saw pure choppiness, but the M/M readings are too high to
hope for a return to the Fed’s target. In fact, the market <a target=“_blank“ href=“https://www.forexlive.com/centralbank/december-fed-funds-pricing-hits-5-20230214/“>priced
out cuts</a> this year and the terminal rate is now seen a bit higher than what the
Fed has projected in December. </p><p>Nevertheless, the sellers will
need to firmly break the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> at 0.6270 to extend the move to
the neckline or lower. The buyers will need to get above the 0.6413 <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> as that would be the last line
of defence for sellers.</p><p>On the 1 hour chart below, we can
see more closely the range that’s been going on for over a week now. The 38.2% <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci
retracement</a> level found sellers and there’s also a much
stronger level at 0.6413 where we have a previous swing resistance and the 50%
Fibonacci level. </p><p>For now, the sellers are in
control and today’s <a target=“_blank“ href=“https://www.forexlive.com/news/why-wednesdays-us-retail-sales-report-could-be-stronger-than-expected-20230214/“>Retail
Sales</a> report will probably yield some movement. </p><p>If the data beats expectations,
we may see more downside in the pair as it’s more likely that the market is now
considering good news as bad news due to a possible higher terminal rate. On
the other hand, a miss may get us back into the range. </p>

This article was written by ForexLive at www.forexlive.com.

<p>On the daily chart below, we can
see that long falling channel has been broken after the strong <a target=“_blank“ href=“https://www.forexlive.com/news/us-nonfarm-payroll-517k-vs-185k-estimate-unemployment-rate-34-vs-35-estimate-20230203/“>NFP</a> report and the price is now
targeting the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> at 134.50. The <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> are now pointing north and the red long period moving average acted as <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> for the pullback. </p><p>We can also see that the entire
channel was <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>diverging</a> with the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a> and given the current repricing
in interest rates expectations we may see a big correction all the way up to
the 142.17 level where we can also find confluence with the 61.8% <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci</a> level. The upcoming economic
data will drive the ebb and flow of the market.</p><p>On the 4 hour chart below, we can
see that after breaking out of the channel, the price pulled back to the
nearest swing support level at 130.53 where we had also the 50% Fibonacci
retracement level for further <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-confluence-20220318/“>confluence</a>. </p><p>We can see that there was also a
spike lower to the 61.8% Fibonacci retracement and the 130.00 level. That was a
kneejerk reaction to a <a target=“_blank“ href=“https://www.forexlive.com/centralbank/japan-government-reportedly-likely-to-nominate-kazuo-ueda-as-new-boj-governor-20230210/“>report</a> that Kazuo Ueda will be the next
BoJ governor. </p><p>This is because in the past Ueda
had hawkish comments on BoJ policy, and some short term traders/algos
interpreted that as a sign for an upcoming change in monetary policy. </p><p>The USD/JPY is mainly driven by <a target=“_blank“ href=“https://www.tradingview.com/symbols/TVC-US10Y/“>US long term yields</a> though and those have been
surging as the market repriced interest rates expectations. The next target
looks to be the resistance at 134.50 where we can also find the 127.2% <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-utilizing-fibonacci-extensions-20220422/“>Fibonacci
extension</a> level. </p><p>On the 1 hour chart below, we can
see that there’s a divergence going on between the price and the MACD. This is
a signal of a weakening buying momentum and we may see a pullback before
another leg up. </p><p>The support level for the
retracement should be the 131.82 level as we can see it held the price quite
well both on the upside and on the downside. Today’s <a target=“_blank“ href=“https://www.forexlive.com/news/why-wednesdays-us-retail-sales-report-could-be-stronger-than-expected-20230214/“>Retail
Sales</a> report may give us some movement as a beat to the expectations should
lead to further upside and a miss should give us the pullback to 131.82. </p>

This article was written by ForexLive at www.forexlive.com.

<p style=““ class=“text-align-justify“>There wasn’t an immediate trigger as the bids started coming in as European markets opened but after the mostly solid UK labour market report earlier <a target=“_blank“ href=“https://www.forexlive.com/news/uk-january-payrolls-change-102k-vs-28k-prior-20230214/“ target=“_blank“ rel=“follow“>here</a>. The jobs market remains strong but it was the wages data that is really sparking some debate, coming in hot and that could translate to the BOE wanting or needing to do more in terms of policy tightening.</p><p style=““ class=“text-align-justify“>In my view, that doesn’t change much considering how real earnings are massively depressed as pointed out <a target=“_blank“ href=“https://www.forexlive.com/news/uk-pay-growth-may-have-picked-up-again-but-real-earnings-tell-a-different-story-20230214/“ target=“_blank“ rel=“follow“>here</a>. If anything else, it just suggests a feedback loop that raises the risks of stagflation.</p><p style=““ class=“text-align-justify“>In any case, cable is now trading back up to above 1.2200, up 0.6% on the day, but the danger remains ahead of the US CPI data later in the day.</p>

This article was written by Justin Low at www.forexlive.com.