Today’s Australian CPI data came in mixed but generally within the RBA’s target range, potentially setting up AUD/JPY for a bearish move as rate cut expectations remain intact and broad risk sentiment…
Category: Forex
3 Common Trading Obstacles & How to Overcome Them
Challenges are expected when trading currencies. But have challenges become big enough to turn into major obstacles for you? Here are some of the typical barriers to profitability and how you can…
Australian Dollar Slips as November CPI Data Fuels RBA Rate Cut Talks
The Australian Bureau of Statistics (ABS) showed Australia’s headline inflation rising by 2.3% in the 12 months to November, up from October’s 2.1% reading, with underlying inflation measures signaling persistent price pressures….
Chart Art: AUD/NZD Close to Testing Channel Bottom
AUD/NZD has been cruising higher inside an ascending channel for more than a month already, and it looks like another test of support is due. Take a look at these inflection points…
Daily Broad Market Recap – January 7, 2025
The major assets took cues from individual catalysts, with U.S. equities taking hits from a pullback in tech stocks, while commodities like gold and oil found support from supply and demand-related headlines….
U.S. December 2024 ISM Services PMI Surpassed Expectations Along with JOLTS Report
The Institute for Supply Management’s services sector gauge expanded at a faster pace in December, with the headline index rising to 54.1 from November’s 52.1 reading versus the 53.5 market consensus. More…
Chart Art: Is EUR/USD Ready To Extend Its Downtrend?
Positive Euro Area reports and overall U.S. dollar weakness helped prop EUR/USD higher from its weekly lows. The pair is now testing a key resistance zone, which ups the odds of EUR/USD…
Chart Art: WTI Crude Oil (USOIL) Trend Correction Zone
WTI crude oil seems to be off to a positive start to 2025, but it looks like a correction from its rally is due. Can it find support at these inflection points?…
Daily Broad Market Recap – January 6, 2025
Markets saw major swings on Monday as rumors about Trump’s trade policy plans dominated headlines, with a Washington Post report suggesting targeted tariffs initially sparking a rally before Trump’s “fake news” denial…
Can You Really “Start Over” In Forex Trading?
Did you roll into your trading desk like a Squid Game contestant, thinking, “I’VE PLAYED THESE GAMES BEFORE!!!” while last year’s market lessons still sting? If you’ve been around the forex block long enough, you’ve…