Dollah traders huddle up! USD/CAD’s upswing is hitting a ceiling around a key technical resistance area. Will the pair maintain its range pattern? Or will we see a breakout? USD/CAD 4-hour Forex Chart by TradingView In case you missed it, the U.S. dollar gained a few pips against its counterparts as traders eased up on…
No big data? No problem! Markets started the week on a high after Friday’s NFP report, but it wasn’t long before worries over Middle East tensions, shrinking Fed rate cut chances, and the upcoming U.S. CPI and PPI data weighed on risk assets. Here’s how individual assets performed: Headlines: Japan’s top currency diplomat Atsushi Mimura…
By Rae Wee SINGAPORE (Reuters) – Global stocks began Tuesday on a cautious note while oil prices stayed elevated as the escalating conflict in the Middle East sapped risk appetite ahead of China’s highly anticipated reopening after a long holiday. The benchmark held above 4% in early Asia trade, as a robust U.S. labour market…
Ever feel lost in the sea of technical indicators on MetaTrader 4? Dive deep into the XB4 MT4 Indicator and learn how to harness its signals for informed trading decisions. The world of forex trading can feel like a whirlwind of charts, indicators, and complex jargon. But fear not, aspiring trader! Today, we’ll be delving…
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MARKET REPORT(Unburdened by what has been) Weighing Gold Bullion at the Bank of England 1873 You were found in clear conditions. But you’re handsome in the Fog. Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– Kashkari said balance sheet shrinking has a ways to…
Did you know that price action trading strategies are one of the most commonly used methods in today’s financial market? Whether you are a short-term or long-term trader, analysing the price of a security is perhaps one of the simplest, yet also the most powerful, ways to gain an edge in the market. After all,…
Cybersecurity is the most significant driver of fintech development globally, accounting for 63% of its influence. This is according to a recent study by UnaFinancial. The research discovered that the fintech space is flourishing as countries strengthen their digital defenses. This highlights the fact that security is both a technical requirement and the key to…
Hello everyone! In today’s article, we will follow up on the past performance of the SPDR Utilities Select Sector ETF ($XLU) forecast. We will also review the latest weekly count. First, let’s take a look at how we analyzed it back in October 2023. $XLU Weekly Elliott Wave View – October 2023: In October 2023, we…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Gold. The rally from the 25 July 2024 low showed a higher high sequence & provided a short-term extreme trading opportunity. In this case, the pullback managed to reach the equal legs area & provided a…