Browsing Category
Markets
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!--sse-->!--/sse-->!--sse-->…
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…
Chart Art: Is Gold (XAU/USD) Gearing Up for a Correction?
Gold prices have been on a tear these days thanks to all the uncertainty in the market.
Is it time for a correction soon?
Better keep an eye on these potential support areas in case the precious metal declines!Gold (XAU/USD) 4-Hour!--/sse-->!--sse-->…
Daily Broad Market Recap – October 22, 2024
There was no significant data, leaving major assets exposed to current market issues and growing concerns about the US economy.
How have your closely watched assets traded in recent trading sessions?
Let's discuss it below:
Titles:!--/sse-->!--sse-->…
Daily Broad Market Recap – October 21, 2024
Major assets were all over the charts on Monday despite the lack of high-level data releases.
Crude oil found support from rising tensions in the Middle East while gold prices fell after hitting new record highs.
How are your other…
4 Trading Rules to Break to Kill a Good Trade
Imagine you have a good business idea.
You know one.
It may come from a mentor, a social media expert, or a distinct group of signals. Rather, it may be the result of hours of analysis.
The signs seem to line up, and you are confident…
Chart Art: EUR/JPY Testing Long-Term Range Resistance
This EUR pair is at the top of its range on the four-hour time frame, and is still deciding whether to bounce or break.
Check out these inflection points on my radar!EUR/JPY for 4 hours Chart by TradingView
After rallying early this!--/sse-->!--sse-->…
Chart Art: Potential Trend Support Area For WTI Crude Oil (USOIL)
Remember the support zone we talked about a few days ago?
Well, it turns out the bears had more fuel in the tank than we thought!
Now, USOIL may get a bid from the trend line support that has been holding since early September.
What do!--sse-->…
Premium Watchlist Recap: Oct. 15-16, 2024
This week our currency strategists focused on the New Zealand CPI update and the Australian Employment update for potential high-quality setups.
Of the eight scenario/price forecast discussions this week, Arguably, two discussions saw…
If I Could Only Buy One Stock Right Now, This Stock Would Be It
Nvidia is the best choice if you can only buy one stock. The company's strong AI advancements and visionary leadership make it a top pick for growth investors.