BofA sees dollar resilience despite Fed rate outlook and corporate flows

Imagine sitting in front of your screen, heart pounding. The stock you just bought, moments ago flying high, suddenly dips. It plunges, fast. You feel a cold dread creep in, the kind that makes your palms sweat. Is this it? Is all your hard-earned money about to vanish in a flash? Trading can be a…

When you buy something through one of the links on our site, we may earn an affiliate commission. The Engulfing Candle is one of the simplest and possibly most underrated chart patterns in trading. In this tutorial, I’ll show you how to identify the pattern, what it tells us as traders and I’ll give you…

The currency market had been dormant for a while, but this is now a theme of the past yet again. Throughout August, a first move higher from the Pound got met with a subsequent consolidation until the beginning of this month . GBP/USD peaked just above 1.37 on Wednesday’s announcement, but that rally didn’t stick…

The Japanese yen has edged lower on Wednesday. In the North American session, USD/JPY is trading at 154.08, up 0.37% on the day. It has been a rough December for the yen, which has declined 2.9% against the US dollar. Bank of Japan expected to hold rates The Bank of Japan meets early Thursday and…

One of the first questions you might ask when looking at a new strategy is: “What’s the win-rate?” Sounds like a perfectly logical question! After all, winning more often must mean the strategy works… right? Further down the road, this thinking leads to chasing high win-rate setups… perhaps tweaking rules to avoid losses, before abandoning…

European currencies continue to weaken against the US dollar amid rising geopolitical tensions and increased demand for safe-haven and liquid assets. Market participants are reducing exposure to riskier instruments, putting pressure on both the euro and the pound. Additional support for the dollar comes from expectations surrounding upcoming US macroeconomic data, which may confirm economic…