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...
As I write, the GBP/USD pair continues to decline, currently hovering near the 1.2665 mark. The recent rally in the US Dollar has driven it to its highest level since November 2023, exerting pressure on the currency pair. Later today, Bank of England (BoE) Governor Andrew Bailey is scheduled to address the market, which could influence further movements. Recent...
The EUR/USD currency pair has experienced a sustained bearish trend for the past five days, largely influenced by the implications of the ongoing "Trump trade." Since the elections, this trade has significantly contributed to the rally of the US Dollar (USD). The USD Index (DXY), which measures the Greenback's strength against a group of foreign currencies, has...
The NZD/USD currency pair is exhibiting a flat performance, lingering around 0.5985 during the London session on Wednesday. Traders are biding their time ahead of the US Consumer Price Index (CPI) release for October and comments from the Federal Reserve officials later in the day. From a technical standpoint, the current price level is nearing a key area of...
As I write this article, the EUR/USD pair is kicking off the London session on a positive note, currently trading at 1.0623. However, caution prevails as traders await the release of the US Consumer Price Index (CPI) data for October, scheduled for publication at 13:30 GMT. The forthcoming CPI report is anticipated to reveal an uptick in annual headline...
As I compose this article, gold is trading at $2,609, experiencing modest gains throughout the day on Wednesday. It has successfully maintained a position above the $2,600 threshold, recovering from its lowest point since September 20, which occurred just the previous day. The US Dollar (USD) retains a bullish momentum, driven by speculation surrounding...
Copper prices are experiencing a deeper decline, coinciding with the dollar index reaching its highest level since early July. This strong dollar makes metals priced in USD more expensive for international buyers, resulting in increased losses for copper. The dollar's upward trajectory has been fueled by expectations that President Trump's proposed tariff and tax...
The GBP/USD currency pair has experienced a decline, currently hovering around 1.2890 as this article is being composed during the European market opening on Monday. The US Dollar (USD) is gaining strength following Donald Trump’s electoral victory, impacting the major currency pair as traders anticipate that inflationary pressures will prevent the Federal Reserve...
The EUR/USD currency pair may experience further declines as the US Dollar (USD) benefits from renewed optimism tied to recent developments in American politics. Following substantial electoral gains by the Republicans, a robust agenda focusing on tax reforms and spending cuts is expected to gain traction, bolstering confidence in the USD. In Europe, the...
Gold prices have declined for the second consecutive day, influenced by a variety of factors. The ongoing optimism surrounding Donald Trump's trade policies continues to bolster the US Dollar (USD), which is exerting downward pressure on the precious metal. The price of gold (XAU/USD) is building on the significant losses incurred last week and remains under...
Is Overtrading Ruining Your Profits? Find Out Now! Understanding Overtrading: Causes, Symptoms, and Prevention Strategies What Is Overtrading? Overtrading is a dangerous practice in the trading and investment landscape, defined by the excessive buying and selling of financial instruments that often goes beyond an established trading plan or acceptable risk...
The AU Index experienced a significant development yesterday as it reached a key demand area, showing a strong rejection today that indicates potential bullish momentum. This demand zone, identified through technical analysis, has historically served as a pivotal point for price action, suggesting an opportunity for a price turnaround. With the opening candle...
Bitcoin (BTC) is demonstrating remarkable resilience and strength, even as the broader market grapples with the shock of the attempted assassination of Donald Trump. Currently, BTC is in a higher-degree uptrend, having broken to new all-time highs (ATH) back in March. Following this surge, the market experienced a three-wave retracement, a common corrective...
