Day trading is a dynamic trading style that attracts many traders, particularly those looking to capitalize on short-term market movements. Unlike other trading strategies that span days, weeks, or even months, day trading involves executing trades within the same trading day, taking advantage of price fluctuations throughout that period. This guide will explore...
The EUR/USD pair kicked off the new trading week with a resounding bearish tone, plummeting to its lowest level since mid-January below 1.0210. Despite its oversold condition in the short term, investors continue to exercise caution in the Euro, fearing the lingering impact of US President Donald Trump's tariff threats. Over the weekend, Trump's administration...
We’re analyzing the GBP/NZD currency pair with a focus on establishing a swing position using a double Sell limit setup at key Fibonacci levels. This strategy aims to capitalize on expected retracements or reversals. Strategic Entry Points Our primary Fibonacci levels of interest are the 50% and 61.8% retracement levels. These points are based on recent price...
The GBP/JPY currency pair is currently fluctuating within a defined range, and we anticipate a continuation of the bullish momentum following a rebound from the demand zone near the 190.000 level. The Commitment of Traders (COT) report indicates that retail traders are positioned on the short side, creating a contrarian buying opportunity. As we plan our buy limit...
As the market for gold fluctuates, there may be an opportunity to consider a speculative short position. Currently, gold appears to be retesting a supply zone, an area where selling pressure could drive prices lower. This retest may signal a shift in market sentiment, potentially leading to a retracement back to prior demand zones. Technical Indicators: Observing...
Navigating Common Mistakes for Enhanced Trading Success Whether you’re a fan of technical analysis or not, understanding these common mistakes can significantly enhance your trading career. Take your time to read through this article, which outlines potential pitfalls and provides solutions. I’m confident you’ll find valuable insights for reflection. Did you...
A bombshell announcement from US President Donald Trump sparked chaos in the foreign exchange markets, as he hinted at imposing 25% tariffs on imports from Canada and Mexico as early as February. The news sent the Canadian Dollar plummeting to multi-year lows against its US peer, while the US Dollar staged a modest recovery from its overnight slump. The Canadian...
In the Asian trading session on Monday, the AUD/USD currency pair continued its upward movement, breaking above the 0.6200 mark. Traders are feeling hopeful as they approach the inauguration of US President-elect Donald Trump, despite the People's Bank of China's decision to keep the Loan Prime Rate steady. The Australian Dollar has faced challenges against a...
The Pound Sterling (GBP) is showing resilience at the start of the week, bouncing back against its major peers. This surge can be attributed to multiple factors, with a notable influence from the recent developments in the UK government bond market. As the market digests the weak UK Retail Sales data for December, there has been a notable uptick in demand for UK...
EUR/USD Looks to Build on Gains Amid Trump's Emergency Declaration The EUR/USD currency pair concluded the previous week on a high note, defying the bearish trend that had been in full swing until the 1.0177 level. As the new trading week began, the market's momentum shifted in favor of the EUR, propelled by a strong bullish impulse that left the US Dollar (USD)...
Gold prices experienced a moderate increase on Monday, buoyed by thin liquidity in the markets as Donald Trump officially assumed office as the 47th President of the United States. The precious metal, often regarded as a safe haven, found support amidst the uncertainty surrounding the new administration's economic policies. During Trump's inauguration speech,...
The CHF Swiss Franc futures pair experienced a decline to approximately 1.308 during the early European trading session on Monday. This weakening can be primarily attributed to the broad softness of the US Dollar (USD), which has been under pressure lately. After an initial reversal at the pivotal level of 108.000, the US Dollar Index (DXY) managed to recover some...
Following the successful attainment of our profit target in the demand area, the GBP/USD currency pair has shown a modest recovery, reclaiming some ground from the 1.2400 level. As this article is being written, the price has retraced into a prior supply zone situated around 1.2541. This development indicates a potential resistance area where the pound may...
The EUR/USD currency pair commenced the week on a strong upward trajectory, demonstrating significant gains on Monday. This bullish momentum follows a period during which the pair successfully reached a previous profit target in a designated demand zone. However, despite this recent uplift, the EUR/USD remains trapped within two crucial supply zones, regions that...
As I draft this article during the London trading session, the EUR/USD currency pair is showing a bearish trend, hovering around the 1.0300 mark. The focus of the market later today will shift to the US Bureau of Labor Statistics, which is set to release its employment report for December. Analysts anticipate that Nonfarm Payrolls (NFP) will increase by 164,000, a...
When to Invest and When to Hold Back: A Comprehensive Guide to Market Timing Determining the right time to invest in the stock market can be challenging. Should one enter when prices are low or during market upswings? While there's no foolproof way to ensure investment success, grasping market dynamics and trends can provide a significant advantage. To navigate...
As we embark on 2025, the investment horizon is shaped by the remarkable performance of various asset classes in the previous year. In 2024, global stock markets soared, largely driven by advancements in artificial intelligence (AI), while precious metals, base metals, and other sectors also yielded impressive returns. With the constant evolution of market...
Have you realized that your dollars or euros don't buy what they used to? Inflation, the quiet thief of purchasing power, has become a pressing issue for both individuals and investors. In November 2024, the annual inflation rate in the United States increased to 2.7%, marking its second consecutive rise, while inflation in the eurozone reached 2.2%. Though these...
