It is said that the failure rate in the forex industry is very high, with more than 95% of aspiring traders expected to drop out of the game within their first few years of trading. At this rate, you might have a better chance of surviving the Hunger Games than becoming a successful forex trader! In his book One Good Trade, proprietary trader Mike…
Composite Index up 0.6% m/m, accelerating from October’s 0.4% Year-over-year increase of 2.4%, up from 1.4% in October Prices have gained 2.2% since BoC’s first rate cut in June Year-over-year standouts: &]:mt-2 list-disc space-y-2 pl-8″ depth=”0″> Quebec City: +11.8% Calgary: +9.8% Montreal: +6.8% Victoria: -1.3% Toronto: -0.3% This article was written by Adam Button at www.forexlive.com.
The US Dollar consolidates ahead of the Federal Reserve interest-rate decision. Traders will be looking at the dot plot for the number of rate cuts in 2025. The US Dollar Index (DXY) hovers around 107.00 and looks for direction. The US Dollar (USD) consolidates on Wednesday, with the DXY Index hovering around 107.00, in the runup to the Federal…
2024.12.18 2024.12.18 RBA Hits Aussie Hard. Forecast as of 18.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Australia’s GDP has reached its lowest levels since the 1990s, prompting the Reserve Bank to consider rate cuts. In light of the Federal Reserve’s intention to pause and the introduction of tariffs by the Trump administration, the AUDUSD pair is plummeting. Let’s discuss this topic and make…
WTI crude oil recently busted through its descending triangle top, hinting that a rally of the same height as the formation is due. Price is still retesting the former resistance, which might now hold as support. Check out these inflection points I’m watching on the 4-hour chart! WTI Crude Oil (USOIL) 4-hour Chart by TradingView Crude oil bulls appear…
Fundamental Overview The USD continues to consolidate around the highs except against the commodity currencies where it extended into new highs. The US inflation data last week was once again a disappointment although the data that feeds into the Core PCE was overall benign as forecasters expect a 0.13% M/M increase. Nonetheless, the Treasury yields have continued to climb…
Tonight, the Federal Open Market Committee (FOMC) of the US Federal Reserve meets for the last time this year to decide on monetary policy. It would take a miracle for the FOMC to do anything other than cut interest rates by 25 basis points. Based on futures contracts, the market is 95% certain it will take such a step,…
2024.12.18 2024.12.18 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 18.12.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price may rise in the fifth part of impulse (3). Consider long positions from the current level with Take…
After breaking above the 1.5000 psychological level, EUR/CAD is now eyeing a MAJOR area of interest. Will we see the pair extend its gains? Or will bears step in at the 1.5150 resistance zone? We’re taking a closer look at the 4-hour time frame! EUR/CAD 4-hour Forex Chart by TradingView EUR/CAD has been steadily climbing higher after breaking above…
Major currencies are mostly little changed with exception of the aussie and kiwi today. Both the antipodes are being pulled lower, breaking to fresh lows for the year. AUD/USD is down 0.4% to 0.6311 now upon a break of key technical support from the August low highlighted here. Meanwhile, NZD/USD is down 0.3% to 0.5735 to its lowest since…
