Candlestick charts are one of the most widely used tools in technical analysis, offering traders a clear and concise way to interpret price movements over specific time intervals. Each candlestick captures four key data points—the open, high, low, and close—providing valuable insight into market behaviour within that period. By studying the shapes and formations of candlestick patterns, traders can…
Gold had a solid end to August last week, posting over 2% gains. That comes after a test of its 100-day moving average, with buyers continuing to hold the line and the upside momentum since last year. But as we get into the new week, there is renewed vigour to the gold buying after months of consolidation. Gold (XAU/USD)…
S&P 500 extended swing clients‘ gains, and intraday one had theirs protected before the aftermarket weakness. Ask yourselves though what has changed and what has not, how this affects your trading style.
This week’s ISM manufacturing PMI could set the stage for a big week of U.S. data, especially Friday’s jobs report. Forecasts see the index stuck in contraction, possibly fueling worries about manufacturing weakness spreading further. Traders are also on alert for its Fed policy implications, with Cook’s sudden firing adding even more uncertainty to the mix. Here…
Tesla (TSLA) has cut the price of its Model 3 rear-wheel drive sedan in China by 3.7%, bringing the starting price down to 259,500 yuan (about US$36,279), according to an update on its website Monday. The move comes just a month after the U.S. EV maker rolled out the new variant of the Model 3 in China, which it…
Colombia National Jobless Rate below forecasts (8.9%) in July: Actual (8.8%)
Welcome to a brand new trading month, fellas! Here’s a rundown of the major themes driving the markets lately and what to look out for next.
New Zealand Building permits, for July 2025 +5.4% m/m prior -6.0% for the y/y -0.1% These data tend to be ‘lumpy’ due to multi-unit approvals impacting month to month. NZD/USD little changed around 0.5895. – In other news fron NZ PM Luxon says he’ll be annoucning a new Governor for the Reserve Bank of New Zealand in a few…
GBP/USD consolidates above 1.3450 with muted reaction to US inflation data The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm. GBP/USD is finding a footing above 1.3450 during the American session, stabilizing after the release of the US Personal Consumption Expenditures (PCE) Price Index…
European Central Bank Governing Council member Olli Rehn, governor of the Finnish central bank spoke in an interview with Finnish newspaper Helsingin Sanomat on Sunday. Rehn says the European Central Bank should take a flexible approach on interest rate decisions in the meetings ahed. Rehns said there are more downside risks to EU-zone inflation stemming from a stronger euro…
