The Head and Shoulders Chart Pattern: Your Comprehensive Guide to Mastering This Technical Indicator What’s a Head and Shoulders Chart Pattern? Imagine you’re analyzing a chart, and you observe a distinct formation that resembles a person’s head with two shoulders. This is known as the head and shoulders chart pattern. It’s a bearish reversal pattern … Read more
Intraday opportunity: Look for CADJPY buyers if the BoC cuts by only 25bps The Bank of Canada’s interest rate decision today presents a crucial moment for the Canadian dollar, with a consensus split between a 25 basis point (bps) and 50bps cut. Markets are largely expecting a 50bps cut, which would take the rate down … Read more
The Flagging Pattern: Your Comprehensive Guide to Mastering This Chart Pattern What’s a Flagging Pattern? Imagine you’re analyzing a chart, and you notice that after a significant price movement, the asset begins to move sideways in a tight range, forming a small rectangle or parallelogram. This formation is known as the flagging pattern. It’s a … Read more
The Triple Bottom Pattern: Your Comprehensive Guide to Mastering This Chart Pattern What’s a Triple Bottom Pattern? Imagine you’re analyzing a chart, and the price of a currency pair repeatedly struggles to fall below a certain level. It tries to decline, hits the same floor three times, and each time, it bounces back up. That’s … Read more
What Typically Happens to Nonfarm Payrolls? A Comprehensive Analysis of Jobs and Markets The release of nonfarm payrolls data is one of the most anticipated events in the financial world. The impact of what typically happens to nonfarm payrolls significantly influences everything from stock prices to interest rates, making it a key indicator for traders, … Read more
Gold’s current rally has been remarkable, as it continues to make fresh highs even against the backdrop of rising yields and a strengthening US dollar. Typically, we would expect higher yields and a stronger dollar to weigh on gold prices, but this unusual divergence is sending strong signals about the underlying demand for gold. A … Read more
Navigating Economic Calendars: A Friendly Guide to the Investing.com Economic Calendar When it comes to staying ahead in the financial markets, keeping track of important events is crucial. That’s where an economic calendar investing strategy comes into play. Today, we’re zooming in on the economic calendar Investing.com provides to see how it stacks up against … Read more
Euro Pound Bottoming? Watch for a Reversal As we look at EUR/GBP, the currency pair is showing early signs of bottoming out, with the euro looking more likely to gain ground against the pound. The macro backdrop suggests we could be entering a phase where the euro strengthens, particularly if the market receives the right … Read more
EURGBP Could rally on an ECB Rate Hold: UK CPI Miss Fuels Momentum The market response to a potential ECB rate hold is worth considering, particularly in the EURGBP pair, where we are seeing upside momentum gain traction. The backdrop of this week’s weaker-than-expected UK CPI print has further intensified expectations for a near-term shift … Read more
UK CPI Miss Triggers Pound Sell-Off, BoE Rate Cuts Likely The latest UK inflation data has taken the market by surprise, delivering a notable miss. The headline inflation rate fell to 1.7% in September 2024, down from 2.2% in August, marking the lowest reading since April 2021. Core inflation also moderated significantly, down to 3.2% … Read more
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