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WTI bounces back amid US hiring boom, but rate hikes and slowdown worries persist
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WTI rebounds with a 3% gain, but rate hike fears loom large on the oil market.
US hiring surge…
Pro-growth Aussie Struggles to Capitalize on Dovish Fed
AUD/USD ANALYSIS & TALKING POINTSStellar Australian balance of trade data yet to translate through to AUD upside as global factors dominate market movement.US labor data under the spotlight later today.AUD/USD falling wedge could give…
Black Box and Black Hole – Analytics & Forecasts – 6 May 2023
We all understand perfectly well what a black hole is. Once you get there, there is no going back. This is a very rare phenomenon and event by the standards of space. Such situations are also rare in market conditions.…
Struggles for direction, though a bullish-engulfing pattern loom
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USD/JPY tests 50-day EMA at 133.85; bullish-engulfing pattern hints at a potential uptrend.…
Euro Fatiguing Heading Into an Inflation Filled Week?
EUR/USD ANALYSIS & TALKING POINTSEuro strength looks to be fading as we enter yet another week with more questions than answers.US CPI the focus for the week. Will inflation support stellar NFP?Daily chart could be on the precipice of…
How to draw support and resistance lines with Hotkeys indicator – Charts – 5 May 2023
Support and resistance indicator MT5 MT4 Where to draw support and resistance lines? Dynamic support and resistance indicator mt4 mt5. How to draw support and resistance lines in Metatrader. In this video I show how to draw…
Intermarket Weekly Recap: May 1 – 5, 2023
Market players were all over the place this week as thin trading, bank jitters, and recession concerns dominated price action in the first half of the week.
Gold and JPY flexed their safe-haven muscles while “riskier” assets like…
Bears are flexing and eye 1.2620
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GBP/USD is sliding and forming a peak formation.
Bears are seeking a move down to test the…
ECB Delivers 25bps Hike Leaving the Door Open for Further Hikes, EUR/USD Slides
ECB Rate Decision Key Points:
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The European Central Bank has raised interest rates by…
Flag limit trading indicator and Flag limit zone – My Trading – 5 May 2023
How to use flag limit in trading? How to find Flag Limit with special search function: Flag limit trading and in this video I show how to find a breaker zone or Flag limit zone. I can call this also flag limit level or breaker…