Month: November 2024

WTI crude oil is consolidating inside a descending triangle pattern on its 4-hour chart, and price is currently testing resistance. Is it about to bust higher from here? Or will we see…

We’re seeing the first readings of Euro Area business conditions in November! What trends should you watch out for and how does the euro usually react to the results? We’re…

Financial markets showed mixed behavior as traders processed statements from Federal Reserve officials, while Bitcoin made headlines by reaching new all-time highs and rising inflation data from the UK added to the…

The U.K. Consumer Price Index (CPI) increased to 2.3% year-over-year in October, surpassing expectations of 2.2% and rising from 1.7% in September. This brings inflation back above the Bank of England’s 2%…

Today’s stronger-than-expected UK CPI print potentially sets up EUR/GBP for continued downside movement in the short-term. With headline inflation jumping to 2.3% versus 2.2% expected, and core measures also running hotter…

Trading psychology books and blogs often talk about the need to “remove” emotions from decisions to get more consistent trading results. But can you really remove emotions from decision making? University of…

It looks like USD/CHF is in correction mode on its uptrend, but will these support zones still be able to keep losses in check? Here’s what I’m seeing on the 4-hour chart….

With few big reports to price in, the U.S. dollar struggled as escalating Russia-Ukraine tensions initially lifted demand, but falling Treasury yields and weak U.S. housing data erased gains. Gold and crude…

Canada’s headline inflation rate bounced back in October, with the Consumer Price Index (CPI) rising to 2.0% year-over-year, up from September’s three-year low of 1.6%. Turned out, the return to the Bank…

Today we saw a stronger-than-expected Canadian CPI print, potentially setting up CAD/CHF for a continued upside move in the short-term. With headline inflation jumping to 2.0% versus 1.9% expected, and core…