Week Ahead – Aussie Q2 Data, RBA and BoC Meetings, US Jobs Report and Brexit to Make for a Busy Week
As the summer draws to a close, it will begin to get a little more heated in forex markets as a combination of central bank meetings, key releases and political risks look set to jump start the Autumn trading season....
Forward Guidance: Bank of Canada to Break its Summer Silence
While this summer has been anything but quiet, we haven’t heard from the Bank of Canada since its July 10 rate announcement. So we’re eagerly awaiting the central bank’s thoughts—to be revealed in Wednesday’s policy statement, and at greater length...
USD/JPY Outlook: Bulls Lose Traction on Existing Tariff Fears
The pair dips towards 106 handle on Friday as traders took profits from two-day rally that spiked to one-week high at 106.68 on Thursday. Also, persisting fears of new tariff hikes on 1 Sep, despite signals of continuation of talks...
EURNZD Completes an Asymmetrical Triangle
EURNZD is likely to extend the sideways move in the short-term until it completes the asymmetrical triangle in the four-hour chart, with the RSI and the MACD backing this view as well as the indicators are lacking clear direction. The...
Canadian Dollar Higher on Solid GDP, Dollar Shrugs PCE Inflation
Markets turned a bit mixed as month end approaches. European stocks are generally higher while DOW up over 100pts at open. Meanwhile, treasury yields are steady tough, with German 10-year yield slightly lower, but US 10-year yield is recovering. In...
How to Trade with the Piercing Line Pattern
The piercing line pattern consists of two candlesticks, which suggests a potential bullish reversal within the forex market. This piercing pattern should not be used in isolation but rather in conjunction with other supporting technical tools to confirm the piercing...
Leading Indicators Defined and Explained
What is a Leading Indicator? A leading indicator is a technical indicator that uses past price data to forecast future price movements in the forex market. While there is no single indicator that forecasts future prices with 100 percent accuracy,...
Mutual fund managers are betting big on banks, and it’s killing them
Traders work on the floor of the New York Stock Exchange on August 14, 2019 Spencer Platt | Getty Images Stock pickers are heavily invested in bank stocks, and it hasn’t been working out well for them. Mutual funds are...
AUDJPY Consolidates Near 10-Year Lows
AUDJPY fell to a fresh 10-year low of 69.90 earlier this week, before rebounding somewhat to re-enter the sideways range between 72.90 and 70.70 that it had been trading in since early August. The price structure still points to a...
USDCAD Trapped By SMAs Near 50.0% Fibonacci, 1.3345 Resistance Endures
USDCAD has been unable to overcome the 1.3345 barrier, despite breaching the 200-day simple moving average (SMA). The 1.3345 resistance is showing resilience as it was tested multiple times over the last two-weeks of consolidation. The price is slightly above...
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Trading education
Introduction to Basic Trendline AnalysisIn this series we will piece together the anatomy of a swing trade and discuss ... 
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