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Chart Art: Is WTI Crude Oil (USOIL) Ready To Extend Its Downtrend?
WTI crude just popped up a red candlestick around a key inflection point! Are we looking at Black Crack potentially extending its long-term downtrend?
Chart Art: Potential Correction Zone on GBP/CAD
Missed the bullish breakout on GBP/CAD? Better keep your eyes on this area of interest in case a retest happens and the trend resumes.
Daily Broad Market Recap – September 16, 2024
Financial markets are looking mixed as traders brace for the FOMC decision later this week while Chinese banks are still closed for the Mid-Autumn Holidays.
Event Guide: U.K. CPI Report (August 2024)
The U.K. CPI release could have some clues about the central bank’s policy bias, so better read up on what market analysts expect for this major event!
3 Forex Trading Myths Busted
You may have come across a few generalizations about trading. But be warned! Some may have some truth to them, but these three are nothing but myths.
FX Watch: NZD/CAD To Extend Its Downtrend After Canada’s CPI Release?
NZD/CAD is approaching a resistance zone ahead of Canada’s August inflation reports. Will NZD/CAD extend its downtrend this week?
FX Watch: USD/CAD Approaching Area of Interest Ahead of Canada’s CPI Report
Is the trend still our friend on USD/CAD? The pair has formed higher lows connected by a rising trend line seen on its hourly time frame, and it looks like another test is due soon.
Event Guide: Canada’s CPI Report (August 2024)
Now that the Bank of Canada (BOC) has opened the door for further easing if necessary, can the upcoming Canadian CPI release seal the deal for another rate cut soon?
Week Ahead in FX (September 16 – 20): FOMC, BOE, And BOJ Decisions Plus Top-tier Consumer Data On Tap
The Fed may finally cut interest rates for the first time in years this week. But that’s not the only thing shaking up the markets!
Premium Forex Watch Recaps: Sept. 9 – 10, 2024
This week our currency strategists focused on the U.K. jobs update and the U.S. CPI update for potential high-quality setups. How did they play out?
FX Weekly Recap: September 9 – 13, 2024
The major currencies saw increased volatility & unusual price action as traders repriced their interest rate biases, and reacted to data releases and risk sentiment shifts.
Global Market Weekly Recap: September 9 – 13, 2024
Shifting risk sentiment & changing expectations around Fed rate cuts prompted interesting price action, including wide swings in oil prices during this busy week.
4 Ways to Avoid Being Influenced by “Recency Bias”
Recency bias negatively affects the way a forex trader analyzes the market, as it clouds his judgment and damages his decision-making skills. Here’s how you can avoid it.
Chart Art: Trend Reversal Due for Silver (XAG/USD)?
Are my eyes deceiving me or is this a reversal pattern forming on silver’s 4-hour time frame? In any case, check out this resistance zone being tested!
Daily Broad Market Recap – September 12, 2024
It was a risk-on day for financial markets, as crude oil closed out with nearly a 3% win while gold hit fresh record highs. Check out the latest headlines!
ECB Lowered Main Deposit Rate by 0.25% as Expected, Growth Forecasts Downgraded
European Central Bank (ECB) policymakers announced their unanimous decision to lower their main deposit rate by 0.25% as expected, following its previous cut in June.
Chart Art: GBP/CAD Reversal Pattern Forming
This sterling pair seems to be struggling to sustain its recent trend, and a chart pattern is forming to suggest a potential reversal. Take a look!
Daily Broad Market Recap – September 11, 2024
The major assets were all over the place as traders priced in their Fed rate cut biases, U.S. political updates, and top-tier U.K. and U.S. reports.
Hotter U.S. Core Inflation Reduced The Odds Of A 50bps Fed Rate Cut
A hotter-than-expected core inflation reading sent the U.S. dollar higher, but risk appetite soon took over and limited the Greenback’s gains.
U.K. Economic Growth Stagnated in July 2024
The latest U.K. economic activity update reveals a stagnant picture for July 2024, with flat GDP growth and mixed performance across sectors
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