FX Weekly Recap: August 12 – 16, 2024
Economic data surprises, risk sentiment plot twists, and central bank speculations made for a busy trading week for the major currencies!
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Asian stock markets shrugged off Venezuela’s impact, WTI crude sold off, Gold rallied towards resistance, and the US dollar remained below resistance
Asian stock markets have opened on a strong footing on Monday, 5 January, for the first full trading week of 2026, ignoring the potential geopolitical tension arising from the direct inland attack on Venezuela by the US over the weekend that led to the capture and swift removal of Venezuela’s leader, Maduro, by US military…
Wave III Ending, Wave IV Pullback Ahead – Forex Market Analysis – ForexCycle.com
Momentum is nearing exhaustion in Wave III, setting up a corrective pullback that could create the next high-probability buying opportunity for the Wave V advance. CCL Products (India) Limited continues to follow a strong bullish Elliott Wave structure on the monthly chart. The long-term trend began from the major base near the 130 region, where…
Chart Art: WTI Crude Oil (USOIL) To Revisit Its Triangle Resistance?
U.S. crude oil prices continue to recover after revisiting its August lows last week. How high can WTI crude fly before sellers gather enough bearish momentum? We’re taking a closer look at a possible resistance area: WTI Crude Oil (USOIL) 4-hour Chart by TradingView In case you missed it, a lack of progress on Gaza…
Dollar pauses rally ahead of key labor data; euro gains on German GDP By Investing.com
Investing.com – The U.S. dollar retreated from elevated levels Wednesday, pausing its recent rally ahead of the release of key macroeconomic data that could alter expectations for future Fed rate cuts. At 05:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 104.037,…
US Dollar extends gains as markets asses US Goverment messaging
The US Dollar holds ground above 108.00 as traders await weekend tariff announcements. Trump threatens 100% tariffs on BRICS nations if they challenge the US Dollar in global trade. US PCE inflation data shows steady price pressure, reinforcing the Fed’s cautious stance. The US Dollar Index hovers near 108.50, marking a fresh weekly high. The…
3 Crazy Simple Ways To Trade Impulsive And Corrective Waves
Ever wonder why markets seem to move in waves, rising and falling in predictable patterns? If you’re not familiar with impulsive and corrective waves, you’re missing out on a critical building block to successful trading. These waves, also called the “ebb and flow” of a market, will allow you to predict moves with accuracy. By…
