After a strong start to the month, EUR/AUD has lost its bullish momentum and looks set to extend a longer-term downtrend. Will EUR/AUD see losses in the next trading sessions? Check out what’s up on the 4-hour time frame! EUR/AUD 4-hour Forex Chart by TradingView If you’re trading this week’s European Central Bank (ECB) decision,…
WTI crude oil is taking a breather from its weekly losses by hanging out at a key technical support zone. Is the Black Crack ready for a bullish swing? We’re taking a closer look at USOIL’s 4-hour time frame: WTI Crude Oil (USOIL) 4-hour Chart by TradingView In case you missed it, U.S. crude oil…
Ahead of each European Central Bank meeting ING distribute their awesome ‘cheat sheet’. Preamble: ECB widely expected to cut by 25bp after the recent inflation slowdown We explore how a market positioned for a predictable outcome could react to a surprise hold or more dovish guidance. We retain a bias for higher front-end EUR rates,…
The world of financial markets can feel like a whirlwind of charts, indicators, and ever-fluctuating prices. For savvy MetaTrader 5 (MT5) users, navigating this dynamic landscape requires a robust toolkit. Enter the SHI Channel indicator, a powerful technical analysis tool designed to simplify trend identification and potential support and resistance levels. This comprehensive guide delves…
Australia’s Unemployment Rate declined to 4.1% in September, compared with the previous figure of 4.1% (revised from 4.2%), according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. This figure was below the market consensus of 4.2%. Furthermore, the Australian Employment Change arrived at 64.1K in September from 42.6K in August (revised…
Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Consumer Staples ETF ($XLP). The rally from 5.31.2024 low unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure &…
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 42% leap in third-quarter profit on Thursday thanks to soaring demand. The world’s largest contract chipmaker, whose customers include Apple (NASDAQ:) and Nvidia (NASDAQ:), has benefited from a surge towards AI across…
The US Dollar Index is a Joke I don’t know why it is called the USD index but the name is a joke. It is only composed of 6 currencies (see below) and the EUR makes up 57.6% If you add in the CHF, which generally moves in the same direction as the…
Despite facing strong selling pressure, D2T/USD has managed to hold its ground at the $0.0013 support level. Although the market recently experienced occasional spikes in volatility due to heightened bearish sentiment, bulls have regrouped around the $0.001 mark, trying to maintain control and prevent further declines. With bulls establishing a solid foothold at this key…
As we navigate through 2024, investors are faced with a plethora of options when it comes to asset classes. Three of the most talked-about investment avenues are gold, cryptocurrency, and stocks. Each has its unique set of characteristics, benefits, and risks. So, which one would you choose for the rest of the year? Let’s break…