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…
Category: Forex
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…
Chart Art: Gold (XAU/USD) Area of Interest in Triangle Pattern
USD/CAD appears to be breaking lower from a symmetrical triangle pattern, with bears potentially taking control after a period of consolidation near the 1.4400 handle. Let’s check out these key inflection points…
FX Watch: Potential AUD/CAD and AUD/CHF Moves on Hot Australian CPI
Market players are anticipating hotter annual inflation readings from Australia this week. Our Event Guide for the November 2024 Australia CPI noted that leading indicators are pointing to a slight uptick…
FX Watch: EUR/AUD and AUD/JPY Inflection Points in Case Australia’s CPI Falls Short
Markets appear to be pricing in an interest rate cut from Australia’s central bank early this year, so I’m keeping close tabs on these EUR/AUD and AUD/JPY levels in case the inflation…
Week Ahead in FX (Jan. 6 – 10): Global Inflation, PMIs, and NFPs Take Center Stage
It’s shaping up to be a busy week for traders with global inflation updates, final PMI readings, and the latest U.S. NFP reports. Here are the major events you need to…
Event Guide: Australia’s CPI Report (November 2024)
Can Australia’s latest inflation figures reinforce their central bank’s shift to a more dovish bias? Or are we about to see upside surprises that could keep the RBA neutral? Here’s…