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Category: Forex
Chart Art: Gold (XAU/USD) Ascending Triangle Pattern Forming
Is gold about to break out soon? I’m seeing a fresh triangle consolidation pattern forming on its 4-hour chart, with price currently testing support. Gold (XAU/USD) 4-hour Chart by TradingView Gold prices…
Week Ahead in FX (Dec. 16 – 20): 3 Central Bank Decisions, Global PMIs & U.S. Core PCE in Focus
Get ready for another busy trading week ahead! We’ve got three major central bank decisions, global PMI releases, and the Fed’s preferred inflation measure on deck. Here’s what…
Premium Watchlist Recap: December 9 – 10, 2024
This week our currency strategists focused on the Reserve Bank of Australia and Bank of Canada Monetary Policy Statements for potential high-quality setups. Out of the eight scenario/price outlook discussions this week,…
FX Weekly Recap: December 9 – 13, 2024
Currency markets saw major shifts in central bank sentiment this week as odds of a post December Fed rate cut pause grew, while the SNB and ECB opted for rate cuts. …
Global Market Weekly Recap: December 9 – 13, 2024
From the Nasdaq shattering the 20,000 barrier to gold’s surge toward $2,700 and bitcoin’s rollercoaster ride, the week’s drama has traders rethinking their playbooks for 2025.
Trade Case Study Update: EUR/GBP Closed After Sterling Fall
Our short position in EUR/GBP was taken out after a weaker-than-expected UK GDP update. Let’s take a look at the outcome and compare it with other theoretical adjustment options to see what…
How Proper Position Sizing Can Save Your Forex Account
We here at BabyPips.com believe that proper position sizing is THE single most important skill a forex trader should have. Yup, that’s right – it’s THAT critical! But before we get down and dirty with the…
Daily Broad Market Recap – December 12, 2024
Markets showed heightened sensitivity to inflation data on Thursday, with the hotter-than-expected U.S. PPI report further dampening expectations for aggressive Fed easing in 2025. The Swiss National Bank surprised with a larger-than-expected…
ECB Lowered Rates by 25bps As Expected, Removed Hawkish Statement Wording
The European Central Bank (ECB) lowered its key interest rates by 0.25% as expected, bringing the deposit facility rate to 3.00%, while signaling a potentially more measured approach to future cuts. This…