While gold seems to have resumed its rally, silver is still struggling to attract buyers during its ongoing pullback. Could it be in for a reversal soon? Better keep your eyes peeled…
Daily Broad Market Recap – November 21, 2024
Geopolitical tensions between Russia and Ukraine were still front and center, driving safe-haven assets higher for yet another day. Bitcoin struck fresh record highs yet again, partly driven by increased ETF interest,…
Chart Art: WTI Crude Oil (USOIL) Triangle Bounce or Breakout?
WTI crude oil is consolidating inside a descending triangle pattern on its 4-hour chart, and price is currently testing resistance. Is it about to bust higher from here? Or will we see…
Event Guide: Euro Area Flash PMIs (November 2024)
We’re seeing the first readings of Euro Area business conditions in November! What trends should you watch out for and how does the euro usually react to the results? We’re…
Daily Broad Market Recap – November 20, 2024
Financial markets showed mixed behavior as traders processed statements from Federal Reserve officials, while Bitcoin made headlines by reaching new all-time highs and rising inflation data from the UK added to the…
U.K. Inflation Unexpectedly Rises to 2.3% in October
The U.K. Consumer Price Index (CPI) increased to 2.3% year-over-year in October, surpassing expectations of 2.2% and rising from 1.7% in September. This brings inflation back above the Bank of England’s 2%…
Trade Management Case Study: EUR/GBP to Move Lower After Hot U.K. CPI?
Today’s stronger-than-expected UK CPI print potentially sets up EUR/GBP for continued downside movement in the short-term. With headline inflation jumping to 2.3% versus 2.2% expected, and core measures also running hotter…
4 Ways Emotions Can Improve Trading Decisions
Trading psychology books and blogs often talk about the need to “remove” emotions from decisions to get more consistent trading results. But can you really remove emotions from decision making? University of…
Chart Art: Is the Trend Still Our Friend on USD/CHF?
It looks like USD/CHF is in correction mode on its uptrend, but will these support zones still be able to keep losses in check? Here’s what I’m seeing on the 4-hour chart….
Daily Broad Market Recap – November 19, 2024
With few big reports to price in, the U.S. dollar struggled as escalating Russia-Ukraine tensions initially lifted demand, but falling Treasury yields and weak U.S. housing data erased gains. Gold and crude…