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Markets
Chart Art: NZD/JPY Testing Long-Term Range Support
NZD/JPY has been moving within this range since last month, and it appears that another bounce off support is expected.
Or are we about to see a breakthrough soon?
Check out the inflection points we are seeing on the 4-hour time frame:…
FX Watch: EUR/CAD and CAD/CHF Primed for Hot Canadian CPI Print
Canada may print higher or higher price pressures in October, which could ease pressure on the Bank of Canada (BOC) to continue cutting interest rates. Our event guide for Canada's October CPI reports suggests higher wage growth and…
Premium Watchlist Recap: Nov. 11 – 13, 2024
This week our currency strategists focused on the UK Employment Report (October 2024) and... Australian Employment Report (October 2024) For potentially high quality settings.
Of the eight scenario/price forecast discussions this week,…
Should You Add to Your Losing Positions?
Expanding on losing trades helps traders "lower" their buy price before the asset eventually goes in the direction of their trade.
But expansion is not for everyone.
After all, you can never be sure that the asset will eventually trade…
Chart Art: Gold (XAU/USD) Is Now Testing a Potential Long-Term Trend Retracement Level
Gold speculators have been in control lately, pushing the XAU/USD pair down nearly 7% from its all-time highs.
But could the shiny metal find strong support at a key technical confluence that could spark another rally?
Check out the…
Daily Broad Market Recap – November 14, 2024
JPow rocked markets on Thursday when he hinted that the Federal Open Market Committee is in no rush to cut interest rates further.
How have major assets reacted to this possibility?
We break down the biggest market movers of the latest…
Chart Art: WTI Crude Oil (USOIL) Approaches Make-or-Break Range Support Level!
US crude oil prices fell badly throughout the week, as traders took into account global demand concerns.
How far can the price of crude oil fall with so many closely watched support levels nearby?
We take a closer look at the 4-hour WTI…
AUD Slips as Australia’s Job Growth Slowed and Hinted at Labor Market Cooldown in October
The Australian jobs report for October was a bit mixed. Main function gains It met expectations, but slowed slightly from the big jump in September.The economy added 15,900 jobs, which kept things positive but was well below the…
Chart Art: Brent Crude Oil (UKOIL) at Symmetrical Triangle Support
Are we about to see a bounce or interruption in Brent crude?
The energy commodity has been forming lower highs and higher lows recently, creating a symmetrical triangle pattern on the 4-hour chart.
You better keep this triangle support…
Daily Broad Market Recap – November 13, 2024
Market correlations appeared out of sync, as traders braced for the US CPI report and a series of FOMC member speeches weighing on Fed policy expectations and overall sentiment.
Bitcoin rose again to all-time highs, while crude oil…
