NZD/CHF has dropped significantly since our last update, with global growth concerns weighing on risk-sensitive currencies following disappointing PMI data. Let’s review the final outcome of our case study. This Article Is…
Month: February 2025
Daily Broad Market Recap – February 24, 2025
Market correlations were a bit of a mess on Monday, as commodities like gold and crude oil caught strong gains while U.S. equities closed in the red. In the forex arena, the…
Event Guide: Australia’s CPI Report (January 2025)
After a “hawkish cut” event last week, traders will eye Australia’s latest inflation reports for clues on the timing of the central bank’s next rate cut. Will January’s numbers signal a…
FX Watch: EUR/AUD and AUD/CHF Levels to Watch if Australia’s CPI Runs Hot
After last week’s “hawkish cut” event, traders will keep closer look at Australia’s inflation numbers for clues on when the central bank can cut interest rates again. Our Event Guide for…
FX Watch: GBP/AUD and AUD/JPY Triangle Patterns Ahead of Australia’s CPI
The RBA appears to have dampened future easing expectations in their latest policy decision, but can a downbeat Australian CPI report reignite dovish vibes? Our Event Guide for Australia’s CPI mentioned…
Chart Art: WTI Crude Oil (USOIL) Wedge Pullback Levels
WTI crude oil staged a strong bounce off its falling wedge support on the 4-hour chart but could still encounter roadblocks at nearby resistance levels. The Fibonacci retracement tool on the latest…
4 Trading Psychology Pitfalls that Can Blow Your Forex Account
In all my years of trading and talking to fellow currency traders, I’ve noticed that newbie traders are susceptible to four main psychological pitfalls. Hopefully, after reading this, you will be able…
Event Guide: U.S. Preliminary GDP for Q4 2024
Who’s ready for the first round of revisions on the U.S. GDP report? Any significant upgrades or downgrades could still impact Fed policy outlook, potentially causing big swings in the…
Trading Prop Firm Accounts vs. Personal Trading Accounts – Which Is Better?
If you’re serious about trading, you’ve probably considered whether to trade a proprietary (prop) firm account or stick with your personal trading account. Both options offer unique advantages and challenges, making it…
Chart Art: EUR/GBP Approaching Wedge Resistance
EUR/GBP has formed lower highs and slightly lower lows to consolidate inside a falling wedge pattern. Is it about to break out soon? Take a look at these nearby inflection points I’m…