FX Weekly Recap: April 8 – 12, 2024

The dollar was king of pips thanks to a strong U.S. CPI report that supported a “higher for longer” interest rate environment for the Fed. Webbey.eu

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Chart Art: EUR/USD Ready for a Triangle Breakout?

This euro pair is still hanging out at the bottom of its triangle pattern after the ECB decision and U.S. inflation releases. Recall that the U.S. CPI report beat market…

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Top 3 Most Overlooked Risks in Trading

It’s no secret that financial trading comes with plenty of risks, particularly when it comes to losing hard-earned money. Renowned trading psychologist Brett Steenbarger has pointed out that there are…

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Chart Art: Another Trend Pullback on WTI Crude Oil (USOIL)

Missing the steady uptrend on crude oil prices? This might be another chance to catch a dip on a quick pullback! Check out these correction levels I’m eyeing on the…

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Daily Broad Market Recap – April 11, 2024

All eyes and ears were on the European Central Bank (ECB) decision, plus another batch of U.S. inflation data. How did the markets react to these catalysts? Here’s what happened…

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FX Watch: EUR/CHF Getting Ready for Triangle Breakout on ECB Decision

Heads up, euro traders! The ECB monetary policy statement is coming up and might bring big moves for EUR/CHF if they drop more hints about future rate adjustments. …

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Chart Art: Is the Trend Still Our Friend on Gold (XAU/USD)?

Gold has been cruising above an ascending trend line, and it looks like another dip is taking place. Will we see another bounce to new highs soon? Or has the…

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FX Watch: EUR/GBP to Extend Its Downswing Post ECB Decision?

EUR/GBP just turned lower from a longer-term resistance zone ahead of the European Central Bank’s (ECB) monetary policy decision. Will the pair go back to its intraweek downtrend when…

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U.S. CPI for March Came in Hot; USD Rallies!

The U.S. Consumer Price Index (CPI) rose by 0.4% m/m in March, inline with February’s inflation rate but a tick above the 0.3% m/m forecast. On an annualized basis, the…

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FX Watch: Watching USD/CAD’s Triangle for the BOC Decision

USD/CAD has been consolidating in a triangle pattern all March, but can it pull off a breakout soon? And which direction is it likely to take? Here’s what…

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