Technical analysis is a method used to interpret the behavior of an asset’s price by analyzing charts, which visually represent price movements. The primary goal of technical analysis is to identify opportunities to buy or sell and execute trades effectively. Charts provide insights into past price movements, enabling traders to predict probable future price directions. […]
Daily Technical Analysis EUR/USD: Continued Downward Trajectory
The EUR/USD pair continued its decline on Tuesday, struggling against the 1.0500 level, as momentum for an upward push toward 1.0600 seems to be fading. While several EU-focused data releases are scheduled for today, most investors remain fixated on the upcoming U.S. Non-Farm Payrolls (NFP) employment data, due later this week. Erosion of Investor Confidence […]
Outlook for the Week of December 2 – 6
Key Points to Watch Out For: NFP and ISM PMIs to Influence Fed Projections The U.S. dollar softened last week, retreating slightly after being temporarily boosted by President-elect Donald Trump’s tariff threats against China, Canada, and Mexico. Traders appeared to unwind Trump-related long positions ahead of Thanksgiving and in anticipation of this week’s major data […]
Daily Technical Analysis EUR/USD: EUR/USD Plunges Below 1.0550 Amid Lagarde’s Statement and U.S. PMI Data
EUR/USD is under selling pressure around 1.0530 during early trading hours, driven by a strengthening U.S. dollar. Investors are keenly anticipating European Central Bank (ECB) President Christine Lagarde’s speech and the release of the U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) later on Monday. Eurozone Inflation Data Eurozone inflation, measured by the Harmonized Index of […]
Trading Commodities: The Ultimate Guide to Gold, Oil, and Beyond
If you’re looking to expand into new financial markets, commodities trading might be an option worth exploring. Many traders are drawn to commodities like gold, oil, and natural gas due to their liquidity, volatility, and protection against inflation. Read on to learn what commodities trading is, the types of commodities available, and how to potentially […]
Outlook for the Week of November 25 – 29
Key Points to Watch Out For: RBNZ Readies for Its Third Rate Cut The Reserve Bank of New Zealand (RBNZ) will kick off the year-end monetary policy meetings of major central banks with its decision on Wednesday, November 27. Having shifted policy significantly earlier this year, even before the Federal Reserve began easing, the RBNZ […]
Daily Technical Analysis EUR/USD: EUR/USD Looks for Resistance Around 1.0500 After Bouncing Off Two-Year Lows
The EUR/USD is recovering after hitting a two-year low of 1.0332 on Friday and is currently trading near 1.0480 at the time of writing. This rebound may reflect a correction in the U.S. dollar, despite robust preliminary S&P Global U.S. Purchasing Managers’ Index (PMI) data released in the prior session. Meanwhile, the U.S. Dollar Index […]
Learn to Trade Without Risk: The Power of Paper Trading
Paper trading is a technique that allows you to practice trading without risking real money. Essentially, it involves simulating buying and selling operations in financial markets using real-time market data, but without executing actual transactions. This method enables you to experiment with and test trading strategies and their effectiveness in a risk-free environment. Unlike real […]
Daily Technical Analysis EUR/USD: The Pair Is Expected to Break Above the 1.06 Level
During Tuesday’s trading, the EUR/USD pair fluctuated between 1.0550 and 1.0600, initially attempting to move lower but recovering slightly to close down about 0.14% on the day. The latest Harmonized Index of Consumer Prices (HICP) inflation figures from the European Union provided little direction for traders. Meanwhile, dollar markets are left to contend with a […]
Outlook for the Week of November 18 – 22
Key Points To Watch Out For: Trump Election Raises Bets on Fed Pause The U.S. dollar continued to show signs of strengthening for another week, with the so-called “Trump trades” remaining resilient. This is largely due to the president-elect’s Republican Party holding control of both houses of Congress, providing significant leverage for Donald Trump to […]