Are crude oil bears about to stay in the game for much longer? A look at the energy commodity’s daily time frame shows a large descending triangle pattern that’s been holding since…
Category: Forex
Daily Broad Market Recap – October 9, 2024
A lack of fresh market catalysts kept the major assets in ranges early in the day, before central bank speculations and positioning ahead of the U.S. CPI reports caused increased volatility in…
September FOMC Minutes: 25bps Cut Was On The Table, Members Reject Pre-Set Path
The minutes of the September decision revealed that a “substantial majority” voted for a 50 basis-point interest rate reduction to the 4.75% – 5.00% target range, mostly because it would bring rates…
RBNZ Slashes Rates by 50 bps, Signals Further Easing Ahead
The Reserve Bank of New Zealand (RBNZ) has cut its Official Cash Rate (OCR) by 50 basis points to 4.75%, marking a significant shift in its monetary policy stance. This move, while…
5 Useful Tips for Surviving a Market Crash
Market headlines aren’t exactly sounding cheery these days, leading some to worry that another crash may be looming. How can your account survive if this happens? Here are five tips to keep…
FX Watch: EUR/USD And USD/JPY’s Opportunities In Case Of Cooler U.S. Inflation
Leading U.S. inflation indicators indicate a pickup in September’s consumer price pressures. But what if inflation in the U.S. comes in cooler than markets had expected? Take a look at…
Chart Art: Break And Retest Setup For WTI Crude Oil (USOIL)
Remember the resistance zone we marked a few days ago? Well, WTI crude oil has broken above the area! This time, we’re looking at the possibility of a break-and-retest situation: WTI Crude…
Daily Broad Market Recap – October 8, 2024
A lack of top-tier data releases left the major assets room to continue pricing in existing market themes on Tuesday. Can you guess which assets saw further adjustments? Let’s discuss: Headlines: RBA’s…
FX Watch: USD/CHF & AUD/USD Setups for an Upbeat U.S. CPI
Expectations for aggressive Fed easing appear to be fading these days, so will the upcoming CPI release further convince the U.S. central bank to shed its dovish feathers? Market analysts are…
Event Guide: U.S. CPI Report (September 2024)
Markets aren’t exactly hoping for another 0.50% Fed rate cut anytime soon, but can the upcoming U.S. CPI report still change the game? Slightly weaker price pressures are eyed for…