Crude Oil Prices Bottoming May Help USDCAD Topping Potential

Crude oil prices are extending their gains amid geopolitical tensions between the US and Iran reaching a fever pitch.


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Platinum Price: Stuck in a Sideways Pattern Important Levels to Know

This week platinum created a lower low, nonetheless continued trendless. Here are the levels the price has to consider to start a clear trend.


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Hammer Candlestick Patterns: A Trader’s Guide

Learn how to use the hammer candlestick pattern to spot bullish reversals in the market. Our guide includes expert trading tips and examples


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Gold Price Outlook: Gold Breaks Out to Five-Year-Highs, Now What?

Gold put in a big breakout over the past 24 hours, and there may be scope for more. But, how can a trader approach an overbought but bullish Gold market?


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EUR/USD Pops, GBP/USD Tests Resistance as USD Slammed post-FOMC

It's been a busy backdrop since yesterday's FOMC rate decision, with risk assets flying-higher as the US Dollar has taken a dive.


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CAD Soars, Oil Spikes on Drone Attack, USD Challenges 200DMA - US Market Open

Global central bank easing is on its way as the Fed confirms shift towards lowering interest rates. Demand for USD is eroded as US yields edge lower.


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Bitcoin: Retail Trader Data Shows 76.8% of Traders Are Net-Long

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.


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GBP Suffers Another Blow, BoE Cuts Growth Forecasts And Signals Downisde Risk Is Increasing

The Bank of England has failed to please investors who believed the Central Bank’s tone would become more hawkish at the June meeting. Sterling slipped against most major currencies as the UK Q2 growth forecast is downgraded.


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Spot Gold: Retail Trader Data Shows 56.2% of Traders Are Net-Long

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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S&P 500: Retail Trader Data Shows 66.3% of Traders Are Net-Short

The combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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How to Set Up Effective Trading Goals

Read our advice on building solid process-oriented goals to build confidence and consistency in your trading.


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USD Price Analysis: Risk of Deeper Losses as Fed Confirms U-Turn

Fed confirms U-Turn after opening the door for rate cuts. Risks to USD increase as falling yields continue to erode support.


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Canadian Dollar Outlook: USD/CAD Selloff Might Continue Below This Price

Bearish momentum resumed sending the price lower after dovish clear signals from Fed yesterday. Here are the relevant news and key signals for USD/CAD price


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Gold Price Soars to Five-Year High, Silver Smashes Through Resistance

The price of gold soared after Fed Chair Jerome Powell opened the door to a series of US interest rate cuts, starting as early as next month. And silver finally crashed through long-running resistance.


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Dow Jones, S&P 500, and Nasdaq 100 Technical Outlook as Highs Near

Can stocks keep on rising as new highs approach, or could the market be in for a bit of a set-back; should gain better clarity on this in the days ahead…


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EURUSD Chart Analysis: Choppy Trade Belies Bearish Trend Bias

The Euro bungled an upside reversal against the US Dollar, backsliding into an inconclusive range. Still, the dominant trend bias continues to favor weakness.


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GBPUSD Eyeing BoE Rate Decision, Brexit Amid Prime Minister Race

GBPUSD will be closely watching the Bank of England’s rate decision in addition to the race for Prime Minister – third ballot vote ahead.


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S&P 500 Chart Aims for Record High as Fed Boosts Stocks in Asia

S&P 500 futures enter resistance separating it from record highs. Equities rally after the Fed in Asia trade, but ASX 200 trimmed gains as July RBA rate cut bets muted bank shares.


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Gold Price Rise May Extend as BOE Joins Dovish Central Bank Peers

Gold prices touched a six-year high amid speculation on a broad-based dovish shift in global monetary policy. The Bank of England may give the move a further nudge.


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Dollar Slides and S&P 500 Gains Despite Fed Hitting Rate Cut Forecasts

The Fed has refused the market’s assumption of full support at a particularly vulnerable time for stretched speculators. Thankfully for them, their skepticism over central bank resiliency runs deep.


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