Month: November 2024

FX traders seemed to shift their attention away from the U.S. elections aftermath and back to fundamental factors, as well as central bank policy expectations.

Financial market action was as mixed as a bag of nuts this week, as some asset classes like bitcoin were still riding the post-election high while others like crude oil moved on…

Scaling into losing positions helps traders “average down” their buying price before the asset eventually goes their trades’ way. But scaling is not for everyone. After all, you’ll never be sure that…

Gold bears have been in control lately, pushing XAU/USD down nearly 7% from its recent all-time highs. But could the shiny metal find strong support at a key technical confluence zone that…

JPow shook the markets on Thursday when he hinted that the FOMC gang isn’t in any hurry to cut interest rates further. How did the major assets react to the possibility? We’re…

Are we about to see a bounce or a break for Brent crude oil? The energy commodity has formed lower highs and higher lows lately, creating a symmetrical triangle pattern on its…

Australia’s October jobs report was a bit of a mixed bag. Headline job gains met expectations, but they slowed down quite a bit from September’s big jump. The economy added 15,900 jobs,…

U.S. crude oil prices have been down bad all week as traders priced in global demand concerns. How low can crude oil go with a lot of closely watched support levels nearby?…

Market correlations seemed out of sync, as traders braced for the the U.S. CPI report and a series of FOMC member speeches that influenced Fed policy expectations and overall sentiment. Bitcoin once…

Failing to capitalize on strong forex moves is not necessarily a bad thing. However, missing out on too many opportunities can lead traders to commit classic newbie mistakes. So, what’s keeping traders…