Bitcoin’s journey to $100,000 is hitting a snag as an area of interest limits bullish demand. Here’s a level you can watch if you’re waiting for bitcoin to moon (some more): Bitcoin…
Chart Art: Is AUD/USD Ready to Extend Its Downtrend?
End-of-month flows and a lack of fresh catalysts helped push AUD/USD back up from its November lows. We’ve spotted a potential resistance zone that might kickstart another downswing for the comdoll pair!…
Daily Broad Market Recap – November 28, 2024
The major assets took a chill pill on Thursday as traders priced in a lack of top-tier data releases and the U.S. markets out on Thanksgiving holiday. Some popular U.S. dollar counterparts…
Chart Art: WTI Crude Oil (USOIL) Is Near a Key Support Zone!
U.S. crude oil prices are almost at a key support zone in the 4-hour time frame. Is the Black Crack ready for another swing higher? Or will WTI bears force a retest…
Daily Broad Market Recap – November 27, 2024
A parade of closely-watched economic data and positioning ahead of a U.S. bank holiday and end of the month sent the major assets all over the charts on Wednesday. Can you guess…
Fed’s November Minutes Highlight Gradual Approach, USD Falters
The November FOMC minutes revealed a Committee firmly committed to a gradual, methodical approach to monetary policy easing. All participants backed the 25 basis-point cut to 4.50% 4.75%, but what’s particularly interesting…
How to Use Positive Reevaluation to Review Your Trading Performance
In life, we often try to compartmentalize things to make sense of them. For example, we separate what we like from what we dislike, what we are good at from what we…
RBNZ’s 50bps Rate Cut and Gov. Orr’s Presser Spark Whiplash Moves in NZD
The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 50 basis points from 4.75% to 4.25% in November, marking its second consecutive 50bps rate cut after October’s…
Australia’s Annual CPI Steady at 2.1% in October
The Australian Bureau of Statistics (ABS) showed headline inflation rising by 2.1% from a year ago in October, unchanged from September’s reading and slower than August’s 2.7% increase. Analysts had expected price…
Daily Broad Market Recap – November 26, 2024
It was truly a busy session as traders showed mixed reactions to Trump’s tariff threats, economic data releases, and very positive geopolitical developments. What were the key drivers moving financial markets today?…