Large-scale CTA buying activity may have supported Platinum markets last session, but signs of buying exhaustion could now morph into selling activity, TDS Senior Commodity Strategist Daniel Ghali notes. Palladium may still jump higher “Prices will now have to rally towards $995/oz to keep CTAs from shedding some of their recently added length, and a big downtape…
We expect notable CTA buying activity in Copper markets this session to set the stage for subsequent buying exhaustion, TDS senior commodity strategist Daniel Ghali notes. CTA buying activity in Copper to slow down “CTA trend followers will now be tapped out without a substantial rally propelling Copper prices back towards the $9,800/t mark. The…
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Weekly Charts Analysis USDJPY DAILY CHART – Time to take a breather? USDJPY pattern is 5 down weeks in a row. To break this pattern, 147.90 would need to be broken. Otherwise, there could be an inside week. On the downside, if I was the BoJ, I would look to defend the 141.68 low.Current consolidation…
Newsquawk.com Week Ahead12th-16th August 2024: Highlights include US CPI and Retail Sales; UK CPI, Jobs and Retail Sales; Aussie Jobs; RBNZ; China activity data and Japan GDP MON: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul) TUE: IEA Oil Market Report, Australian Wage Price…
Forex Trading Glossary C-D CableNickname for the Great Britain Pound. Candlestick ChartsThis is a form of price presentation similar to bar charts which is used to identify localized price patterns that represent market psychology that Japanese originated in the 1600s to analyze the price of rice contracts. As with bar charts, Candlestick charts use…
How to Use Heikin Ashi Charts The prime concept behind the Heikin Ashi chart is that it is intended to filter out market noise. When you look at this chart, you ought to be able to get a clearer picture of what is really happening in the market without all of the fakeouts and…
Weekly Charts 28.07. – 02.08. EURUSD Weekly Chart Resistances at : 1.08600 , 1.09500 & 1.09700 Supports at : 1.08350 , 1.08050 & 1.07450 Major Support comes at 1.06800 Major Resistance at : 1.09700 Pattern on this weekly chart calls for another push Up next week. EURUSD 4H Chart …
Cup & Handle chart pattern is the most reliable in technical analysis. Its shape resembles a cup with a handle on the right side. 20+ years of trading research show that the cup and handle pattern has a 95% success rate. The cup and handle is reliable and accurate but can be difficult to identify. With our…
Gold falls to multi-week low after US labor market data exceeds expectations. China’s People’s Bank halts 18-month Gold buying spree, exerts downward pressure on XAU/USD. US Treasury yields surge with the 10-year yield up to 4.43%, bolstering the Greenback and pushing Gold’s price lower. Traders eye US inflation data and Fed policy meeting next week….