News: 01/12/23

Thursday, January 12, 2023

Daily Trading Analysis 13.01.2023

Trading Analysis of GBP/CHF

The industrial sector faded its recovery momentum in November, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.

Our Analysis:

While the price is above 1.1100, follow the recommendations below:

Time frame: D1
Recommendation: long position
Entry point: 1.1342
Take Profit 1: 1.1500
Take Profit 2: 1.1600

Alternative scenario:

If the level of 1.1100 is broken-down, follow the recommendations below:

Time frame: D1
Recommendation: short position
Entry point: 1.1100
Take profit 1: 1.1000
Take profit 2: 1.0900

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Trading Analysis of NZD/CAD

Heading into 2023, the outlook for the Canadian consumer in particular suggests a further downshift in growth may be forthcoming. Amid rapid inflation, real household disposable incomes are falling, which should restrain consumer spending. Rising interest rates should also weigh on the housing sector and broader consumer activity. The outlook for business activity and investment has also become more uncertain. Altogether, we forecast a mild recession in Canada in the first half of 2023.

Our Analysis:

As long as the price is below 0.8620 follow the recommendations below:

Time frame: D1
Recommendation: short position
Entry point: 0.8533
Take Profit 1: 0.8350
Take Profit 2: 0.8250

Alternative scenario:

If the level of 0.8620 is broken-out, follow the recommendations below:

Time frame: D1
Recommendation: long position
Entry point: 0.8620
Take profit 1: 0.8730
Take profit 2: 0.8800

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Fundamental Trading

Analysis of Procter & Gamble

Investors counting on a significant discount to Procter & Gamble stock are unlikely to be satisfied.

Our Analysis:

As long as the price is above 141.00, follow the recommendations below:

Time frame: D1
Recommendation: long position
Entry point: 149.67
Take Profit 1: 155.00
Take Profit 2: 160.00

Alternative scenario:

If the level of 141.00 is broken-down, follow the recommendations below:

Time frame: D1
Recommendation: short position
Entry point: 141.00
Take Profit 1: 138.00
Take Profit 2: 135.00

Learn More

Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

The Perfect Pattern for Beginners

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Fashion’s Regulatory Reckoning Is Coming

WHAT YOU NEED TO KNOW TODAY: FRIDAY, JANUARY 13, 2023

A new law in France is testing brands' preparedness for a coming wave of sustainability regulation.
Pitti Uomo offered a mix of reality and fiction, reports Angelo Flaccavento.
Patagonia and Samsung have teamed up on a washing machine they say can help solve fashion's microplastics problem.
Adidas has lost its trademark trial against Thom Browne.
Forma Brands, the incubator behind Morphe and Ariana Grande's R.E.M. Beauty, has filed for bankruptcy.