Did you roll into your trading desk like a Squid Game contestant, thinking, “I’VE PLAYED THESE GAMES BEFORE!!!” while last year’s market lessons still sting? If you’ve been around the forex block long enough, you’ve probably faced moments where you felt like your trading mojo packed its bags and left for a long vacation. Whether it’s because you took a long break…
The US dollar is softening today in part due to a Washington Post report that says Trump is considering putting on global tariffs but only on ‘critical materials’. The report includes a relatively short list that highlights three areas and 11 specific things: Defense industrial supply chain: Critical medical supplies: Syringes Needles Vials Pharmaceutical materials Energy production: Batteries Rare…
APTOS APT rallied for 5 straight Months since August 2024 and made +255% move before the recent 45% drop. We discussed in our previous October 2024 Article how the coin established an impulsive bullish structure and most importantly why the next pullback will remain supported. APTOS ended an impulsive 5 waves advance on December 2024 in wave (1) and it did pullback in…
2025.01.06 2025.01.06 Economic Calendar for the Week 06.01.2025 – 12.01.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The US dollar has closed the year 2024 on a high note. Whether 2025 will follow suit remains to be seen in the coming months. On the very first trading day of 2025, the dollar index rallied, reaching its highest level since November 2022, near 109.50. If…
USD/CAD appears to be breaking lower from a symmetrical triangle pattern, with bears potentially taking control after a period of consolidation near the 1.4400 handle. Let’s check out these key inflection points to watch on the 4-hour time frame: Gold (XAU/USD) 4-hour Chart by TradingView Less dovish Fed expectations towards the latter part of December last year propped up…
Final Services PMI 51.1 vs 51.4 expected and 50.8 prior. Final Composite PMI 50.4 vs 50.5 expected and 50.5 prior. Key Findings: Employment declines for the third month in a row. Marginal increase in business activity. Input cost inflation accelerates to an eight-month high. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “The service sector ended…
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2025.01.06 2025.01.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.01.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro reached the Gold Zone 1.0261…
Market players are anticipating hotter annual inflation readings from Australia this week. Our Event Guide for the November 2024 Australia CPI noted that leading indicators are pointing to a slight uptick in headline CPI in November, which counters the Reserve Bank of Australia’s (RBA) recent shift to less hawkish biases. Will this lead to the Australian dollar…
There is just one to take note of on the day, as highlighted in bold. That being for EUR/USD at the 1.0300 level. The expiries there might help to keep a bit of a floor on price action in the session ahead, as market players look to get settled into the actual start of the new trading year. And…
