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…
Category: Forex
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…
RBNZ’s 50bps Rate Cut and Gov. Orr’s Presser Spark Whiplash Moves in NZD
The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 50 basis points from 4.75% to 4.25% in November, marking its second consecutive 50bps rate cut after October’s…
Australia’s Annual CPI Steady at 2.1% in October
The Australian Bureau of Statistics (ABS) showed headline inflation rising by 2.1% from a year ago in October, unchanged from September’s reading and slower than August’s 2.7% increase. Analysts had expected price…
Daily Broad Market Recap – November 26, 2024
It was truly a busy session as traders showed mixed reactions to Trump’s tariff threats, economic data releases, and very positive geopolitical developments. What were the key drivers moving financial markets today?…
TMCS Updates: CAD/CHF & EUR/GBP
Our first two trade management case study ideas have put us into two fresh positions in CAD/CHF & EUR/GBP. Let’s take a quick look to see what’s happening and whether or not…
Chart Art: Another Reversal Pattern Forming on Gold (XAU/USD)?
Is that a head and shoulders pattern I’m seeing on the 4-hour chart of spot gold? Or is the longer-term climb more likely to resume soon? Take a look at these inflection…
FX Watch: AUD/NZD and NZD/JPY Retracements for a Potentially Dovish RBNZ Decision
Expectations are for the RBNZ to slash rates by another 0.50% this week, as inflation and employment have been lagging. Our Event Guide for the November RBNZ Decision also discussed…