JPY led majors while CAD struggled amid trade uncertainty & falling oil prices, highlighting how policy shifts and external factors shaped forex markets this week.
Month: November 2024
Global Market Weekly Recap: November 25 – 29, 2024
The final week of November delivered a mix of significant market developments, despite the shortened U.S. trading week due to a major U.S. holiday. From Scott Bessent’s surprise nomination as…
3 Tips for Developing Good “Atomic Habits” in Trading
If you’re a fan of self-improvement books like I am, then I’m sure you’ve heard of the book “Atomic Habits” by James Clear. In case you haven’t or if you’re not sure…
Chart Art: Resistance Zone Threatens Bitcoin’s (BTC/USD) Momentum
Bitcoin’s journey to $100,000 is hitting a snag as an area of interest limits bullish demand. Here’s a level you can watch if you’re waiting for bitcoin to moon (some more): Bitcoin…
Chart Art: Is AUD/USD Ready to Extend Its Downtrend?
End-of-month flows and a lack of fresh catalysts helped push AUD/USD back up from its November lows. We’ve spotted a potential resistance zone that might kickstart another downswing for the comdoll pair!…
Daily Broad Market Recap – November 28, 2024
The major assets took a chill pill on Thursday as traders priced in a lack of top-tier data releases and the U.S. markets out on Thanksgiving holiday. Some popular U.S. dollar counterparts…
Chart Art: WTI Crude Oil (USOIL) Is Near a Key Support Zone!
U.S. crude oil prices are almost at a key support zone in the 4-hour time frame. Is the Black Crack ready for another swing higher? Or will WTI bears force a retest…
Daily Broad Market Recap – November 27, 2024
A parade of closely-watched economic data and positioning ahead of a U.S. bank holiday and end of the month sent the major assets all over the charts on Wednesday. Can you guess…
Fed’s November Minutes Highlight Gradual Approach, USD Falters
The November FOMC minutes revealed a Committee firmly committed to a gradual, methodical approach to monetary policy easing. All participants backed the 25 basis-point cut to 4.50% 4.75%, but what’s particularly interesting…
How to Use Positive Reevaluation to Review Your Trading Performance
In life, we often try to compartmentalize things to make sense of them. For example, we separate what we like from what we dislike, what we are good at from what we…