Forex News

Daily Pivots: (S1) 141.80; (P) 142.28; (R1) 143.17; More… EUR/JPY Intraday Bias Neutral Stance EUR/JPY is showing a neutral stance in its intraday bias at this moment. There hasn’t been a definitive move in either direction, with the pivot point holding steady at 142.28. Traders are waiting for a decisive break above the resistance level…

The last trading week of the month Time to step up our game! Let’s make those last-minute profits! Hey traders! It’s that time again – the last trading week of the month. Time to roll up our sleeves and get ready to make some moves to secure those profits. I don’t know about you, but…

Subscribe Apple | Google | Spotify | Stitcher | Soundcloud | YouTube Introduction I know that you’re thinking: “If I were a day trader, I’ll definitely be that…” Exploring the World of Day Trading Day trading is a popular form of trading that involves buying and selling financial instruments within the same trading day. Many…

CHFJPY – Taking Advantage of Weakening Yen Last week, the market saw a surge in CHFJPY like never before. For the first time since 2007, the Swiss National Bank (SNB) made a bold move by increasing their interest rate by 50 basis points. This decision came right after the Federal Reserve (FED) raised their interest…

USDNOK – Dollar Sees a Reaction from Blue Box We have been pretty bullish on the USDNOK throughout the year and Dollar has more strength to come to support this pair. Recently, we posted a trade idea on USDNOK that the market was correcting in a 3 or 7 swing structure and we took advantage…

It’s Time to Talk Commodities A Year of Surprises It’s been a stellar year for commodities as geopolitical turmoil and the pandemic have sparked a global supply crunch in industrial, energy, and agricultural sectors. Who would have thought that a year filled with so much chaos and uncertainty would end up benefitting the commodities market?…

UK Economy at Risk of “Mild Recession”: A Closer Look at the KPMG Report UK Times citing KPMG’s UK Economic Outlook report: The UK economy is at significant risk of entering a “mild recession” next year. The report cites soaring inflation rates, stagnant wage growth, and ongoing uncertainty surrounding Brexit as key factors contributing to…

EURUSD Elliott Wave Analysis Is Germany’s Energy Shortage A Threat to Bulls? Last week, the EURUSD climbed by about 60 pips, showing some bullish momentum. However, with Germany facing the possibility of an energy shortage-induced recession, many are questioning whether the bulls stand a chance in the current market conditions. The Elliott Wave Principle’s Perspective…