WTI advances near $74.70 on Red Sea disruptions, more vessels to avoid the Suez Canal
West Texas Intermediate (WTI) price trades higher around $74.70 per barrel at the time of writing, extending gains for the second successive day.
Read More »Australian November 2023 Private Sector Credit +0.4% m/m (prior +0.3%)
Data from the Reserve Bank of Australia. The housing and business credit numbers leading the way. AUD is getting some love: The Australian dollar is in an interesting spot for…
Read More »AUD/USD Price Forecast: Channel Breakout to Keep Bulls in Control?
Australian Dollar is in a good place fundamentally to continue its recent gains against the Greenback. The technical picture however hints at a brief retracement before bullish continuation.
Read More »EUR/USD hovers around 1.0920, eyed on Eurozone HICP, US housing data
The EUR/USD pair hovers around 1.0920 during the early Asian trading hours on Tuesday.
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How To Use Limit Orders To Get A Better R/R In Forex…
How To Properly Use Limit Orders To Get A Better R/R In Forex… I am looking for 500 new or struggling traders to mentor for the remainder of the year….
Read More »Fed’s Goolsbee: Too early to declare victory over inflation
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Sunday in an interview on CBS that it’s premature to declare victory in the central bank’s inflation fight, and…
Read More »Singapore data – November NODX +0.3% m/m (expected +0.2%)
Singapore Non-Oil Exports for November +1.0% y/y expected +2.3%, prior -3.5% For the m/m +0.3% expected +0.2%, prior +3.4% Singapore Non-oil Domestic Exports (NODX) measures the value of goods exported…
Read More »USD/JPY ends the week down 2%, pinned to 142.00 after mid-week Fed pivot
The USD/JPY wrapped up the trading week struggling to develop momentum in either direction from the 142.00 handle after the US Dollar (USD) slumped against the Japanese Yen (JPY) following…
Read More »Gold Price Forecast: Fed Pivot Reversal or Damage Control? Key Levels for XAU/USD
Gold’s bullish momentum fades as New York Fed President John Williams contradicts Chairman Powell’s comments at the December FOMC meeting, but this may be more about damage control rather than…
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