Safeguarding your portfolio is as critical as the pursuit of growth. While the excitement of asset appreciation draws many into the investing world, the reality is that market fluctuations can pose significant threats to even the most meticulously devised plans. Portfolio protection strategies exist to shield your assets against the inevitable risks inherent in...
Despite today’s slight retracement of the New Zealand Dollar, the currency pair has demonstrated significant resilience, gaining ground from a recent low of 0.5835. This price point coincided with a notable rebound in a crucial demand zone, indicating that buyers are actively stepping in to support the currency. As the market dynamics unfold, it’s evident that...
The AUD/USD currency pair has showcased a notable bullish momentum over the past three days, reflecting a growing confidence among traders in the Australian Dollar's strength. However, as the London session commenced today, the pair has experienced a slight retracement, drawing attention to its position within a significant demand zone. This area is not only...
On Wednesday, the Pound Sterling (GBP) saw a significant surge against most currencies following the release of unexpected inflation data from the UK's Office for National Statistics (ONS). The Consumer Price Index (CPI) revealed that annual inflation rose to 2.3% in October, surpassing analysts' forecasts of 2.2% and a notable increase from September's...
When entering the world of forex trading, many newcomers envision themselves basking in the sun of a tropical paradise—working only a few hours a day and enjoying financial freedom with minimal effort. This "palm tree fantasy" creates a misleading perception that wealth can be effortlessly acquired through trading. In stark contrast, the road to consistent...
The GBP/USD currency pair has gained bullish momentum, appreciating nearly 0.5% on Monday and breaking a six-day losing streak. Currently, the pair is trading within a demand zone, where the potential for a rebound appears plausible. Bearish pressure on the US Dollar (USD) has contributed to the upward movement in GBP/USD. Additionally, with no significant...
The EUR/USD currency pair is showing resilience as the US Dollar experiences a downward correction. Currently, the dollar’s decline appears to be somewhat constrained due to diminished expectations of an imminent interest rate cut by the Federal Reserve. This dynamic is influencing market sentiments and keeping traders on their toes. Adding to the market...
Gold prices continued their upward trend in Asian trading on Tuesday, following a rebound from a key demand zone where retailers had been caught off guard by a previous downward trend. This resurgence has recovered approximately half of last week's losses. Market participants are now closely monitoring upcoming speeches from officials at the US Federal Reserve, as...
Gold has rallied off a key demand area of support as the US Dollar peaked and then retraced. This precious metal is currently navigating challenges stemming from forecasts regarding US interest rates and ongoing economic policies tied to the Trump administration. Fed Chair Jerome Powell has indicated that the US economy is in "remarkably good" shape, which has...
Gold prices are attracting buyers as they trade around $2,586.50 in early Monday trading. However, traders are scaling back their expectations for a Federal Reserve rate cut in December, which is putting downward pressure on the yellow metal. Despite this, geopolitical uncertainties could drive the price of gold higher, as it is often viewed as a safe-haven...
The Japanese Yen has gained some ground against the U.S. Dollar, leading the USD/JPY pair to settle at 154.30 on Friday. This recovery is fueled by speculation that Japanese authorities may intervene in the foreign exchange market to support the domestic currency. Additionally, rising geopolitical tensions are providing further backing for the safe-haven JPY....
On Friday, the U.S. Dollar experienced a pullback after reaching yearly highs above 107.00. Market reactions to comments from Federal Reserve Chair Jerome Powell indicated a decline in the likelihood of a potential interest rate cut in December, now estimated at just 60%. In economic news, retail sales saw a month-over-month increase of 0.4% in October,...
Throughout my journey as an independent trader, I've discovered an essential truth: whether I'm scalping on a five-minute chart for DJ30 or engaging in swing trading on a daily timeframe for GOLD, reducing time spent in front of the charts often translates to greater long-term profitability. My advice to aspiring traders is simple: concentrate on a single currency...
The Japanese Yen has strengthened as the US Dollar begins to correct downward in anticipation of upcoming Retail Sales data. Japan's GDP annualized growth for the third quarter was reported at 0.9%, a notable decline from the 2.2% growth seen in the second quarter. In response to currency market volatility, Japan’s Finance Minister Kato emphasized his commitment...
Yesterday, the USD/SGD currency pair rebounded at a supply zone around 1.34500, creating a bearish candle that has persisted into today. As I write this, the price is currently around 1.34195. Analyzing the technical landscape, the latest Commitment of Traders (COT) report reveals that retail traders remain in long positions, while other market participants have...
The EUR/USD pair is gaining traction as the US Dollar Index retracts from its peak of 107.06, while the euro rebounded from the 1.0500 level yesterday. The exchange rate remains within a key demand zone, and as noted previously, a price pullback could occur if it breaches this range, leading to retracement opportunities. Federal Reserve Chairman Jerome Powell...
Have you ever thought about the astounding fact that the S&P 500 has achieved approximately a 10% average annual return over the last ninety years? This statistic serves as a powerful reminder of the effectiveness of long-term investment strategies for accumulating wealth. In contrast to short-term trading, long-term investing emphasizes the gradual growth of your...
The French stock market index, CAC 40, has recently shown resilience by finding solid support at the key level of 7,200. Today's trading session has resulted in the formation of a new bullish candle, suggesting a potential shift in market sentiment. This development is particularly noteworthy as it occurs right within a predefined demand area, providing traders...
