Oil prices plummeted in yesterday’s trading as Donald Trump announced a ceasefire for five days.
As gold finds a spring in its step, is this the beginning of the turnaround for the yellow metal?
Timestamps
XAUUSD 00:15
WTI 01:45
Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.
The AUDUSD price provided positive trades to approach 0.6640 resistance line, and we suggest breaching this level to achieve additional positive targets that reach 0.6728$, as the price is affected by the previously completed inverted head and shoulders’ pattern. Therefore, the bullish trend will remain valid and active for the upcoming period, supported by the…
ATFX has announced a significant enhancement to its global trading infrastructure with the integration of PriceOn™ from TraderTools. ATFX is set to revolutionize how the firm manages trading flows from current institutional and retail clients, ultimately improving pricing and execution experiences, alongside attracting new clients with data and risk metrics driven confident, unique pricing. Enhancing…
Traders often face a common challenge: knowing the best times to trade. Entering the market too early or too late can lead to missed opportunities, unnecessary losses, and a lot of frustration. The forex market is active 24 hours a day, but not all hours are equally profitable. Missing peak trading times can mean lower…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of August 16th 2024 is here. It is now time to recap and summarize the trade setups that we had during this…
With Middle East tensions still dominating headlines, markets are buzzing about what the closure of the Strait of Hormuz could mean for the global economy. Are recession bells about to ring soon? The Strait of Hormuz, which is that narrow stretch of water between Iran and Oman, has been called the world’s most important energy…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov US stock futures, longer dated bonds and the dollar sank as traders weighed President Donald Trump’s threats to try to remove Federal Reserve Chairman Jerome Powell. S&P 500 futures sank more than 1% and the dollar index…