EURCAD On The Move: Analyzing the Currency Pair
Good morning Traders! EURCAD is on the move, and I am looking for a potential setup in the direction of the overall trend. EURCAD After a lengthly consolidation at the support level of around 145.20, the market broke lower to print another Lower Low. As the market is currently overextended from it’s Moving Averages, I […]
Understanding the Personalities of Different Asset Classes
Hi traders! Just as people possess different personalities, asset classes, too, exhibit distinctive character traits. Appreciating these personality traits can help traders make informed decisions, diversify their portfolio, and better understand the financial market landscape. In this FXGlobe blog, we’ll delve into the personalities of some popular asset classes – stocks, forex, commodities, and cryptocurrencies. […]
On the U.S. Dollar as the World’s Reserve Currency
Hi traders! In recent times, there has been a flurry of conjecture on social media platforms, notably YouTube and Twitter, suggesting that the world may be moving away from the U.S. Dollar (USD) as the global reserve currency. However, these claims appear to be primarily based on rumours and speculation, rather than official statements from […]
The FANG Keeps Marching On
Good morning Traders! Better the expected earning results for big tech saw the FANG index continue to march higher. FANG Index The Daily and the Weekly charts are now in a confirmed uptrend, while the Monthly chart has broken it’s downtrend as it printed a Higher High. On the Daily and the 4hr charts, the […]
OPEC+ Surprise Cuts: Implications and Trading Opportunities
Good morning Traders! Over the weekend OPEC+ has announced a production cut of over one million barrels a day from May up until December. That saw the price of Crude Oil and Brent Oil opening on Monday with a gap up. Crude Oil has been in a sideways pattern since December 2022, the recent break […]
Traders Eye Correlated JPY Pairs For Moves
Hi traders! Trading highly correlated forex pairs, such as CADJPY, EURJPY, and AUDJPY, can offer several advantages for traders. These pairs often exhibit similar price movements, which can make it easier to identify and capitalize on trends. Additionally, highly correlated pairs may enable traders to apply a single, effective trading strategy across multiple currency pairs, […]
The Turtle Trader Program: Embracing Consistency
Hi traders! In the world of trading, the Turtle Trader program stands out as a testament to the power of slow and steady progress. Drawing inspiration from the famous fable of the tortoise and the hare, this trading approach emphasizes the importance of consistency and patience. In this article, we’ll discuss the key principles of […]
Dispelling Urban Myths: Is Gold a True Hedge Against Inflation?
Hi traders! Historically, gold has been considered a hedge against inflation because its value tends to rise when the cost of living increases. The logic behind this is that as the purchasing power of paper money declines due to inflation, the value of gold, which is a tangible asset with intrinsic value, increases. However, the […]
Hindenburg Targets Block Inc: Implications for Traders
Good morning Traders! The short seller hedge fund Hindenburg, which rose to fame after taking on Gautam Adani with allegation of fraud is coming for Block Inc. (previously known as Square). Block Inc. Hindenburg is alleging fraud at the payment company. And after the big drop in value for Gautam Adani’s companies, following Hindenburg accusations, […]
Are investors ignoring reality?
Good morning Traders! Yesterday we saw US equities resuming their 2023 rally in anticipation for today’s inflation data. The expectation is for CPI for the month of January to rise to 0.5%, and the yearly CPI to drop to 6.2%. However, compering to the last three months, this would bring the smallest rate of decrease, […]