How to Create a Trading Plan
The importance of a trading plan can’t be overstated, but yet the number of traders who don’t have one far outnumbers traders who do have a plan. Without a comprehensive plan of attack it is easy to get off course....
Sentiment Stabilized Somewhat But Euro Remains Pressured
Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin’s forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but remain vulnerable to more selloff....
EUR/USD Slides to a New Low: Elliott Wave Analysis
US stocks were stable yesterday while equities in Europe came down as the situation in Ukraine is not better. However, negotiations between Russia and Ukraine will reportedly still take place soon. So there can be some hope for price stabilization....
Slumping Euro Drops Below 1.11
The euro has fallen for three straight days and continues to lose ground on Wednesday. EUR/USD has dropped below the 1.11 line for the first time since May 2020, at the height of the first wave of Covid-19. It is...
Stock futures rise as oil prices continue jumping amid ongoing conflict in Ukraine
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures inched higher on Tuesday night as oil prices continued to surge amid the ongoing conflict between Russia and Ukraine. Futures tied to the Dow Jones Industrial...
Canada’s Economy Closes the Year on a High Note
The Canadian economy expanded by 6.7% q/q annualized in the final quarter of 2021, leaving real GDP for 2021 at a robust 4.6%. A big driver of growth was the accumulation of business inventories (easing of supply chains), which grew...
Oil Back Above $100 as Russia/Ukraine Tensions Heat Up
Rumors of a large convoy of military trucks and armored vehicles heading toward the capital of Kyiv are driving oil prices higher. WTI Crude Oil traded as high as 101.50 today thus far as Russia continues to be on the...
WTI Futures Shows Improvement Near 99.00
WTI crude oil futures are posting notable gains around the 99.00 mark, remaining well above the short-term simple moving averages (SMAs) and the uptrend line. The MACD continues to strengthen to the upside and above its red signal line while...
AUDUSD Rally Eyes Longer-Term Descending Trend Lines
AUDUSD is testing the 0.7283-0.7293 resistance barrier after extending yesterday’s intense rally, which filled a recorded gap in the pair and reinstated the one-month bullish mood that began from the 18½-month low of 0.6967. The rising 50- and 100-period simple...
BOC Preview: Will the Bank of Canada be the Next Central Bank to Liftoff?
The Bank of Canada (BOC) meets on Wednesday this week and is expected to lift rates by 25bps (at the least) to 0.50%. The Bank of Canada (BOC) meets on Wednesday this week and is expected to lift rates by...