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Markets
3 Ways to Prevent Sabotaging Your Trading Success
Although it sounds silly, the fear of success is as real as the fear of failure for some Forex traders.
In fact, I would argue that it is more harmful than the latter because it is rooted in the subconscious.
Everyone says they want to…
Chart Art: Bitcoin (BTC/USD) Triangle Breakout and Pullback
Bitcoin has broken out of a long-term triangle pattern to indicate that a major trend is underway.Where could BTC/USD go next?
Take a look at these potential targets I see on the daily time frame!
Bitcoin (BTC/USD) Chart by…
Daily Broad Market Recap – October 24, 2024
The market was focused on the rapid global Purchasing Managers' Index (PMI) reports, which showed mixed results across major economies.How did asset classes and currencies perform?
Check out the latest headlines that influenced the…
Eurozone October PMIs Mixed, As Improvements Seen in Germany
Flash PMI readings from the euro zone painted a mixed picture for the economy in October, with improvements seen in Germany but France reporting a slowdown in the manufacturing and services sectors.
France's manufacturing PMI fell to…
Gold Prices Rise After Drop from Record Highs Amid Election and Rate Jitters
Gold prices rise after recent dips from record highs, driven by safe-haven demand as election jitters and interest rate concerns weigh on markets.
Dollar Slips from Three-Month Highs as Euro Gains Following PMI Data
The U.S. dollar slips from recent highs, supported by the Fed’s policy outlook and upcoming U.S. election, while the euro strengthens on PMI data.
Chart Art: Can AUD/JPY Sustain Its Breakout Momentum?
Did you miss this triangle breakout on AUD/JPY? It is possible that the pair is in a rapid decline before gaining momentum during its ascent!
Or is the momentum already fading?
Either way, check out the inflection points I'm seeing on…
Chart Art: WTI Crude Oil (USOIL) Triangle Pattern Forming!
WTI bulls appear to be ready for another rally, as the energy commodity found support at the bottom of a newly formed triangle pattern.
Can you go north from here?
Here are the upside targets I see on the 4-hour time frame:
West Texas…
Daily Broad Market Recap – October 23, 2024
The major assets were all over the charts on Wednesday. US Treasury yields continued to rise, pushing the US dollar higher and dragging gold prices lower.
Risk assets such as stocks and Bitcoin weakened, while crude oil prices failed to…
BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control
As expected in our event guide, the The Bank of Canada (BOC) cut overnight interest rates by 50 basis points from 4.25% to 3.75%. In October. This is the fourth consecutive reduction in interest rates since June.
In its statement, the…
