Weekly Forex Market Review: A Whirlwind of Activity and What to Watch Next Week
Last Week’s Highlights Last week was a rollercoaster ride in the financial markets, featuring some key economic indicators and chart patterns that hint at the future. The U.S. Consumer Confidence Index for September took a hit, falling from 108.7 to 103.0. With less optimistic consumers, the American dollar is showing signs of vulnerability. On the […]
FXGlobe Weekly Market Review: A Pivotal Week for Traders
A Recap of This Week’s Economic Data This week, the Australian Dollar was in focus, with its Cash Rate standing steady at 4.10%. Likewise, its GDP numbers showed a moderate increase of 0.4% on a quarterly basis. In Canada, the Bank of Canada kept its Overnight Rate at 5.00%, with Governor Macklem speaking later in […]
Is Silver Ready for a Turn? Analyzing the Market
Good morning Traders! XAGUSD Silver is in an uptrend on the Weekly and on the Monthly timeframes. After a break above the 2450 area (which also confirmed a new uptrend on the Monthly chart), the market has printed a new Higher High and then started to pullback. This pullback brought the Monthly chart back into […]
Is Your Major Currency Stable? Watch Out for Warning Signs
In today’s interconnected world, the stability of a major currency is key to a country’s prosperity. A shaky currency not only affects its home nation but can also influence trade relationships abroad, potentially leading to devaluation, inflation, and even global economic turmoil. Major currencies like the US dollar, euro, and yen carry substantial weight in […]
Soybean Oil Retracement
Good morning Traders! Soybeans products have seen a strong selloff in the last couple of weeks, today I want to take a look at the chart of Soybean Oil. Soybean Oil The market is now in a confirm downtrend on the Daily, Weekly and the Monthly timeframes. After a strong push to a new Lower […]
The Emotional Roller Coaster: Managing Feelings
Hi traders! Trading in the financial markets can be an emotional journey, with emotions like fear, greed, and overconfidence often negatively impacting our decisions. It’s not uncommon for traders to make impulsive choices, overtrade, or take on excessive risk as a result of their emotions. In this article, we’ll discuss some strategies for managing these […]
It’s the USD Turn – USDJPY: Analyzing the Shift in Market Focus
Good morning Traders! The Japanese Yen pairs continue to offer potential setups, and today it’s the USDJPY turn. USDJPY After a fast rise to the 152 area back in October 2022, the market has been pulling back into it’s Moving Averages on the Monthly chart. It is interesting to note, that despite the selling pressure, […]
Today’s Market Watch: Stay Ahead of the Trends
Hi traders! The charts below are some of the charts I’m watching for breaks of key levels. They may NOT happen, but if they do, they move on to a watchlist for potential trading opportunities. First up- Gold, 4hr. Recently, Silver has had a great run, but Gold is at historic highs. Usually, this implies […]
The French Index Marching On – France 40
Good morning Traders! As many of the world’s markets have rallied following March banking turmoil, the French index has made it’s way back to the area of it’s all times highs. France 40 Last week the market has tested once again it’s resistance level of around the 7400. After the latest test at the beginning […]
Charles Schwab Lingering Headache: Impact and Strategies for Traders
Good morning Traders! A decade of loose monetary policy and easy money, created a big debt problem, which many now warns, is coming back to haunt the markets. Charles Schwab is not a lone rider in this debt train, however, with a 7 trillion dollar empire, it has been in the spotlight of investors minds. […]