The flash PMI readings from the eurozone painted a mixed picture of the economy in October, as improvements were seen in Germany but France reported a slowdown in both manufacturing and services…
Category: Forex
Chart Art: Can AUD/JPY Sustain Its Breakout Momentum?
Missed this triangle breakout on AUD/JPY? The pair could still be in for a quick pullback before gaining traction on its climb! Or is momentum already fading? Either way, check out these…
Chart Art: WTI Crude Oil (USOIL) Triangle Pattern Forming!
WTI crude oil bulls seem ready to charge once again, as the energy commodity found support at the bottom of a newly-forming triangle pattern. Can it go further north from here? Here…
Daily Broad Market Recap – October 23, 2024
The major assets were all over the charts on Wednesday. U.S. Treasury yields continued to rise, boosting the U.S. dollar higher and dragging gold prices lower. Risk assets like equities and bitcoin…
BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control
As projected in our Event Guide, the Bank of Canada (BOC) cut its overnight interest rates by 50 basis points from 4.25% to 3.75% in October. This marked its fourth consecutive rate…
5 Old But Gold Tips for Forex Trading Newbies
If you want to make money in forex trading and consistently do so, it’s important to review proven trading methods and techniques on a regular basis. Here are some forex tips that might help:…
FX Watch: EUR/JPY and EUR/CAD’s Upside Opportunities on Bullish Euro PMIs
The Euro Area is about to drop the first results of its October business surveys! Word around is that the markets expect slightly better numbers from the region compared to the previous…
Chart Art: Is Gold (XAU/USD) Gearing Up for a Correction?
Gold prices have been on a tear these days thanks to all that market uncertainty. Is it high time for a correction soon? Better keep your eyes on these potential support zones…
Daily Broad Market Recap – October 22, 2024
There were no major data releases, which left the major assets exposed to current market themes and increasing concerns about the U.S. economy. How did your closely watched assets trade in the…
FX Watch: EUR/AUD and EUR/CHF Inflection Points in Case Eurozone PMIs Miss
We’ve got a fresh round of eurozone PMI readings comin’ right up, giving an early glimpse into the region’s performance this month. Here’s what I’m looking out for on EUR/AUD…