All the lower-level US reports scheduled for today have me looking at the US Dollar Index! Do you think green money will continue to fall compared to its major peers? Before we move on, ICYMI, yesterday’s watchlist, reviews CAD/JPY for recovery options ahead of CPI launch in Canada. Don’t forget to check if the game is still valid! And now […]
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Daily Forex News and Watchlist: EUR/USD
A new trading week means we get another opportunity to trade major currency pairs like EUR/USD! Will the Euro extend its losses against the Dollar in the next trading session? Before we continue, ICYMI, I have listed the potential economic catalysts to look out for this week. Try it before you make your first trade today! And now for the […]
Crypto Watchlist: Descending Triangle on Tezos (XTZ)
Volatility has calmed down Tezos (XTZ) But traders are still hugging in a key area of support. Eventually, will the bears be able to break out to the downside, complete a classic bearish technical pattern, and attract more bears? XTZ/USD: Daily Tezos (XTZ) is the utility token for the blockchain (a smart contract platform that “self-develops”), and just like […]
Daily Forex News and Watchlist: GBP/AUD
Australia just released another stronger than expected jobs report. Could this be enough to stimulate a double top break for GBPAUD? Before we continue, yesterday’s watchlist from ICYMI reviewed the USDCAD trend channel ahead of the Canadian CPI release. Be sure to check if it’s still a valid trade! And now for the headlines that have rocked the markets in […]
Crypto Watchlist: Range Break Ahead on Cosmos (ATOM)?
A solid range formation continues to hold on Cosmos (ATOM)! Will there be another near-term range reversal from resistance ahead or should traders watch for an upper range break? ATOM/USD: 4 hours Cosmos (ATOM) has been an outlier so far in 2022 as one of the top tier crypto assets to avoid seeing red in January. It’s possible the […]
Long-Term Ranges on EUR/AUD and GBP/NZD
I have a few long term range setups on my radar for today and one of them looks like a big breakout. Here are the levels I’m watching closely: Looks like the range assist has held up really well here! EUR/AUD could be on course from here to test its range resistance at 1.5850 minor psychological level. Will it last? […]
Daily Forex News and Watchlist: USD/JPY
The yen rained pips earlier today. Can a short-term rebound keep USD/JPY from breaking a support level? Before we continue, yesterday’s watchlist from ICYMI looked at key GBP/AUD support level after Australia released its December jobs report. Be sure to check if it’s still a valid trade! And now for the headlines that have rocked the markets in recent trading […]
5 Uncomfortable Truths About Trading
Are you still on track to reach your trading goals? Are your trading systems living up to their back-and-forward testing potential? If you’re frustrated with your performance, don’t worry. You may be forgetting a few basic truths about trading. Let’s examine some truths that not many traders will tell you, but which will help you in your trading journey: […]
Weekly FX Market Recap: Jan. 17 – 21
Mixed price action for financial markets this week but the overall theme seems to be one of ‘risk aversion’ as safe haven currencies have consistently outperformed the risk-taking majors. As usual in this environment, the Japanese Yen and Swiss Franc took the top spot versus the rest of the FX majors, while Crypto and Equities took a backseat gold. […]
Forexlive Americas FX news wrap: Stocks get hammered & close near session lows for 3rd day
How can you not start the daily and weekly recaps by not talking about the hits taken by US stocks? For the third day in a row, major indices close at or near their lows. The Dow and S&P had their worst week since October 20, 2020 (the Dow fell 1600 points or -4.57%). The S&P fell -5.68% this week. […]