[XAU/USD] Focus on U.S. Employment Data
Yesterday, the NY stock market was closed due to the state funeral of former President Carter. The bond market had shortened trading hours, during which U.S. long-term interest rates fell. …
Candlesticks with Support and Resistance
In this lesson, we will be looking at the basic Japanese candlestick patterns that were discussed in the previous lessons to make sound trading decisions. Next Topic: Common Mistakes That …
[AUD/JPY] Australian CPI (Consumer Price Index)
Australia’s November CPI (Consumer Price Index) was 2.3%, higher than the expected 2.2%, but this led to selling of the Australian dollar. Selling pressure increased because the central bank’s trimmed …
[USD/JPY] Intervention Concerns
The USD/JPY exchange rate has been slowly testing higher levels. Yesterday in the Tokyo market, USD/JPY reached the 158 yen range but faced resistance as Japan’s long-term interest rates rose …
[XAU/USD] Trump’s Statement Sparks Inflation Concerns
Yesterday, during New York trading hours, the U.S. ADP Employment Report was released, showing weaker-than-expected results. This caused the U.S. dollar to weaken, leading to an increase in gold buying. …
[EUR/USD] Rise in U.S. Long-Term Interest Rates
Yesterday, the Eurozone HICP inflation rate remained at 2.7%, as expected, unchanged from the previous month. However, France’s CPI was weaker than expected, keeping speculation about further ECB rate cuts …
[USD/JPY] Yen Weakness and Comments Against a Strong Dollar
In the Tokyo market, the Nikkei index rose sharply, leading to yen weakness (yen depreciation) and pushing the USD/JPY from 157.50 to 158.41. Later, Japan’s Finance Minister Kato made comments …
[XAU/USD] Strong US Economic Data and Trump’s Statement
During the New York session yesterday, strong results were released for the U.S. JOLTs Job Openings and ISM Non-Manufacturing PMI. These reports were better than expected, causing U.S. long-term interest …
🎯 What Are Your Forex Trading Goals for This Year?
🚀 Ready to Level Up Your Forex Trading in 2025? 🌍Check out the key trends from 2024 and set your trading goals for the new year. Let’s make 2025 your …
[CAD/JPY] Prime Minister Trudeau to Resign
In yesterday’s Tokyo market, news broke that Canadian Prime Minister Trudeau is likely to resign as party leader and prime minister this week. The Canadian dollar rose in response, as …