Gold bears have been in control lately, pushing XAU/USD down nearly 7% from its recent all-time highs. But could the shiny metal find strong support at a key technical confluence zone that…
Daily Broad Market Recap – November 14, 2024
JPow shook the markets on Thursday when he hinted that the FOMC gang isn’t in any hurry to cut interest rates further. How did the major assets react to the possibility? We’re…
Chart Art: Brent Crude Oil (UKOIL) at Symmetrical Triangle Support
Are we about to see a bounce or a break for Brent crude oil? The energy commodity has formed lower highs and higher lows lately, creating a symmetrical triangle pattern on its…
AUD Slips as Australia’s Job Growth Slowed and Hinted at Labor Market Cooldown in October
Australia’s October jobs report was a bit of a mixed bag. Headline job gains met expectations, but they slowed down quite a bit from September’s big jump. The economy added 15,900 jobs,…
Chart Art: WTI Crude Oil (USOIL) Approaches Make-or-Break Range Support Level!
U.S. crude oil prices have been down bad all week as traders priced in global demand concerns. How low can crude oil go with a lot of closely watched support levels nearby?…
Daily Broad Market Recap – November 13, 2024
Market correlations seemed out of sync, as traders braced for the the U.S. CPI report and a series of FOMC member speeches that influenced Fed policy expectations and overall sentiment. Bitcoin once…
Why Do Traders Miss Out on Breakouts and Trend Reversals?
Failing to capitalize on strong forex moves is not necessarily a bad thing. However, missing out on too many opportunities can lead traders to commit classic newbie mistakes. So, what’s keeping traders…
Event Guide: Australia’s Employment Report (October 2024)
Australia is expected to add fewer jobs in October, which could fuel calls for the RBA to join the global interest rate cut gang. What are the markets expecting from this…
Chart Art: Time for a Trend Correction on the S&P 500 (SP500) Index?
U.S. stock markets have been on quite a run lately, but are we finally seeing signs of a rally correction on the S&P 500 index? Check out these nearby inflection points! S&P…
FX Watch: AUD/CHF and AUD/CAD’s Potential Support Areas In Case Of Strong Australian Jobs Report
The Australian dollar could see increased volatility in the next trading sessions as we see the latest employment numbers from the Land Down Under. Our Event Guide for Australia’s Jobs Report…