NZD/USD is having trouble extending a downswing beyond a technical support zone. Are we looking at a potential countertrend setup? Or are NZD bears just taking a breather? NZD/USD 4-hour Forex Chart…
Why Forming Good Trading Habits Matters More Than Finding Perfect Setups
One of the most common mistakes of newbie traders is focusing too much on finding the next winning trades instead of becoming good traders. It’s not unusual to see newbies who spend most of…
Daily Broad Market Recap – May 13, 2025
Global trade developments were still front and center on Tuesday, although the market spotlight also turned to top-tier economic releases. In particular, the U.K. jobs report and the U.S. CPI figures caused…
Event Guide: Australia’s Employment Report (April 2025)
Australia is expected to report a modest pickup in hiring for April after the previous two months’ employment data fell short. Are we about to see another headline miss that could…
FX Watch: AUD/USD and GBP/AUD Major Inflection Points Ahead of AU Jobs Data
Will Australia’s job market miss market expectations? Our Event Guide for Australia’s Jobs Report suggests we could see modest improvement in April, but there are growing signs that Australia’s employment data…
FX Watch: AUD/JPY and AUD/CAD Resistance Turned Support Zones for Australia’s Jobs Data
Are we about to see a strong upside surprise in Australia’s employment numbers? Our Event Guide for Australia’s Jobs Report points out that business PMI surveys and job advertisements saw…
Chart Art: Gold (XAU/USD) Is Testing a Multi-Month Support Zone!
Spot gold (XAU/USD) is testing a multi-month support zone! Is this where the bulls make a stand, or are we about to see a downside breakout? We’re diving into the 4-hour chart…
Chart Art: GBP/NZD Range Or Reversal Next?
GBP/NZD made a couple of failed attempts to close below the 2.2200 handle, creating what appears to be a double bottom pattern. Or is it just about to move sideways from here?…
Chart Art: Did WTI Crude Oil (USOIL) Just Hit a Range Resistance?
U.S. crude prices pulled back from around $63.50, hinting that the longer-term downtrend for “Black Crack” might not be over just yet. We’re watching the 4-hour chart closely to see if WTI…
Daily Broad Market Recap – May 12, 2025
The big news to start the week was the trade truce between the U.S. and China which sent the dollar and risk assets rallying. Markets opened on a nervous note while details…