US crude price is trying to reverse some of the losses on Wednesday morning after five days of continued selloff. West Texas Intermediate (WTI) dipped to a four-month low on Tuesday, finally finding some support at 72.6. Momentum had already been struggling when OPEC+ announced at the weekend it would start to gradually increase production later this year. Markets...
During the last seven trading sessions, the S&P 500 has formed two candle patterns. With these patterns directly opposing each other, let’s explore which pattern is best placed to win out over the coming weeks.
Start with the Bigger Picture
Before we get into the individual price patterns, it is always a valuable exercise to zoom out on your price chart and...
Let’s take a look at three FTSE 100 heavyweights demonstrating high levels of relative strength.
Barclays (BARC): Strategic Update Sparks Share Surge
Barclays' share price has been in a powerful uptrend since unveiling a strategic update in February. The bank's three-year plan includes significant initiatives such as:
• Cutting costs by £2...
GBP/USD turned bearish on Wednesday after being rejected at 1.28 the day prior. It’s not the first time the pair has been rejected at that level which suggests it has become somewhat of a psychological barrier, at which buyers need to show increased commitment to overcome.
The reversal came in part due to the uptick in the US dollar, but other GBP pairs also...
After powering to all-time highs at the start of the month, the FTSE 100’s uptrend has started to falter with the index pulling back more than 300 points during the last two weeks. Let's explore the reasons behind this pullback and identify key levels where the index might find support.
Why is the FTSE Falling?
Rising Bond Yields:
Concerns about prolonged...
Welcome to the second part of our educational series, Brilliant Basics. In this series, we'll explore how mastering the fundamentals lays the groundwork for achieving high-level performance in trading. Today, we focus on reversal zones, specifically the art of drawing support and resistance consistently across multiple timeframes.
Understanding Reversal Zones ...
EUR/GBP is retesting a long-term support zone which is relevant across multiple timeframes. Let’s explore the trading opportunities available on different timeframes.
The Bigger Picture: EUR/GBP Weekly Candle Chart Analysis
EUR/GBP’s weekly candle chart shows a series of lower swing highs into a key area of horizontal support, forming a descending triangle...
The advances in USD/JPY remain shy. The pair has plateaued in recent sessions with little deviation from the current level of 156.90 as the lack of direction becomes evident. The momentum remains bullish, but buyers are sceptic of how much more room there is to move higher before Japanese officials intervene in markets again. Last month the bullish drive was much...
Gold (XAU/USD) started the week trading with a positive bias after last week's correction. The precious metal dropped over 4% as strong economic data in the US continues to hinder the hopes of rate cuts from the Federal Reserve. Commentary last week from several FOMC members continued to point towards a restrictive policy for the foreseeable future, at least until...
After appreciating over 28% in the past month-and-a-half, copper price slumped overnight. Increased media attention to the rally in copper prices led to the inevitable profit-taking on Wednesday, causing the metal to shed over 5%. The pullback has attracted some buyers to restock at lower prices, but many have stayed on the sidelines waiting for further declines....
"Champions are brilliant at the basics." - John Robert Wooden, legendary basketball coach. In trading, just like in sports, mastering the fundamentals forms the foundations for exceptional performance.
Welcome to the first part of our educational series, Brilliant Basics . In this series, we'll explore how mastering the fundamentals lays the groundwork for...
Market pricing has tipped in favour of ‘no rate cut’ at the upcoming Bank of England (BoE) meeting in June after UK CPI came in higher than expected this morning. Markets were assigning a 50/50 chance of a rate cut in June before the CPI release according to data from Reuters. The probability of a cut has now dropped to 15%. It’s not that the data was bad, it just...
With EUR/USD set to post its first positive month of the year, let’s take a look at why the dollar rally has faltered, the key levels to watch, and the trend continuation pattern emerging on lower timeframes.
Dollar Rally Falters
The rally in the US dollar has faltered in recent weeks as traders bet on falling inflation giving the Federal Reserve more room...
AI powerhouse, Nvidia is set to unveil its first-quarter earnings for 2025 on Wednesday, May 22nd.
With anticipation running high, let's delve into what to expect from Nvidia's upcoming earnings release.
Can Nvidia Beat the Street?
Analysts are bracing for another set of impressive numbers from Nvidia, projecting first-quarter revenues to soar to...
Gold (XAU/USD) has started the week off strong pushing beyond the previous all-time high set in April. The precious metal continues to find support from expectations of rate cuts from the Federal Reserve, which have strengthened after the CPI reading last week. Whilst the data was nothing to write home about, it confirmed the expectations for a decline and...
When it comes to effective trade management, overcoming the fear of taking a loss can be one of the biggest obstacles. Let's delve into strategies to address this hurdle head-on.
2 Truths and a Lie
Which of the following two statements do you believe to be a lie?
A: Successful trading is about achieving behavioural consistency.
B: Successful trading is...
The UK labour market report released this morning showed job losses, rising unemployment and persistent wage pressures. But the report doesn’t seem to have changed much for the market as the focus remains on the two inflation reports that will be delivered before the next BoE meeting in June. GBP/USD was a marginal move higher after the release but the pair pulled...
The year of the dragon is proving lucky for Chinese stocks. Since mid-January, the FTSE China A50 Index, representing the top 50 companies in China's A-share market, has rallied more than 18%.
Let’s delve into the driving forces behind this resurgence in Chinese stocks and the emerging trend continuation pattern observed on the price chart of the China A50.
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