Tag - trading strategy

Cryptos: Investors Eye Bitcoin Ahead of The Halving
Cryptos: Investors Eye Bitcoin Ahead of The Halving

Bitcoin undergoes a halving approximately every four years, halving the rate of new Bitcoin creation. The last three occurred in 2012, 2016, and 2020, with the upcoming one expected in April 2024. This process regulates Bitcoin's supply, contributing to its scarcity and controlled issuance, ensuring a stable and valuable asset.

NZD: Will Markets Rebound Soon?
NZD: Will Markets Rebound Soon?

The New Zealand dollar (NZD) kicks off the week at 0.6116, showing minimal change. However, last week saw a 2% dip, pushing the NZD to a five-week low. Economic challenges persist in New Zealand, with the Performance of Services Index (PSI) revealing three contractions in the second half of 2023. November's PSI improved marginally to 51.2 from

CHF: The Swiss Franc Shows Signs of Strength
CHF: The Swiss Franc Shows Signs of Strength

Swiss National Bank (SNB) President Thomas Jordan has expressed that the recent appreciation of the Swiss franc has reached a point where it could significantly influence the inflation outlook. This observation indicates apprehensions regarding the strength of the Swiss franc and its potential consequences for inflation dynamics.

What To Trade In January
What To Trade In January

Hey friends, as we prepare for the new month, and the new year, here are some of my anticipated trade ideas for January. Do note, however, that these are long-term views and would therefore require patience as they unfold.

GBP: Retail Sales Likely to Calm GBP
GBP: Retail Sales Likely to Calm GBP

The Bank of England (BoE) is facing criticism for being slow to respond to the marked decline in UK price growth. The latest official data revealed a significant drop in consumer price growth to 3.9% in November, down from 6.7% in September. This unexpected decrease has prompted market reactions, with...

USD: Initial Claims Data Incoming
USD: Initial Claims Data Incoming

The COVID-19 pandemic led to a substantial labor force transformation in the U.S., marked by 'The Great Reshuffle.' Over 50 million workers resigned in 2022, continuing the trend from 2021, but by August 2023, resignations tapered to 30.5 million. This reshuffling trend indicates a quest for better work-life balance, higher compensation, and a robust company culture.

CAD CPI: Major Moves Expected?
CAD CPI: Major Moves Expected?

The Canadian dollar remained near its four-month high against the U.S. dollar, trading at 1.3390, supported by increased oil prices and anticipation of interest rate cuts in 2024. The loonie had touched its strongest level since August 4 at 1.3347 following the Federal Reserve's signal of potential interest rate cuts next year.

GOLD: Where is Price Headed Now?
GOLD: Where is Price Headed Now?

Gold prices (XAU/USD) continued their upward trajectory on Thursday, bolstered by dovish guidance from the Federal Reserve (Fed). The precious metal's fundamentals are gaining strong support, suggesting a potential for sustained gains in the long term.

USD: FOMC and PPI impact on the Market
USD: FOMC and PPI impact on the Market

The U.S. dollar, as gauged by the DXY index, experienced a significant drop of nearly 0.9% yesterday. This decline was driven by a substantial fall in U.S. Treasury rates following the Federal Reserve's unexpected dovish guidance. The Fed's departure from the...

Labor Market Data May Send The USD Down
Labor Market Data May Send The USD Down

To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture as the US Dollar strengthens and Treasury yields rise

Breakdown of Major Forex Pairs
Breakdown of Major Forex Pairs

Even though we've only witnessed sluggish movements from the Dollar over the past few weeks, the general idea and bias still seem intact and untampered. The bullish impulse however can be seen as "searching for support".

Pin Bar Trading Strategy
Pin Bar Trading Strategy

Sometimes a chart or a candlestick pattern may provide a decent entry signal if it is located at a certain level. A pin bar is one of the most reliable and famous candlestick patterns, and when traders see it on the chart, they expect the price to change its direction soon.

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