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The current XAUUSD structure suggests a cycle impulse V. It has so far completed its first four waves. The market is currently forming a bullish impulse wave ⑤ of the primary degree. This consists of intermediate sub-waves…
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In the world of fiat currencies, any small regulatory changes impacting gold create a major buzz in the market. Gold bugs, among others, remain of the view that the global economy could one day revert to the gold standard. The latest Basel…
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At this point, everyone knows about the Main Street vs Wall Street battle started on Reddit against Hedge Funds. It's awesome that trading is getting a lot more attention. But while it's fun to talk about, savvy traders need to look…
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Central banks have become an essential element to the currency markets. From setting interest rates to intervening in the markets, to printing money, central banks have remained the core and one of the primary reasons for driving prices in…
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Crude oil prices have broken out to fresh one-year highs this week as the market continues to derive demand amidst the ongoing bullish sentiment across risk assets recently. With traders focusing on the US economic recovery, the prospect…
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AUDUSD or AUD/USD is the notation for the currency pair consisting of the Australian Dollar and the United States Dollar, or as it's known colloquially, the "Aussie" (despite the AUD trading with other currencies, chiefly the JPY). The…
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Did you find the ECB's move out of sync on Thursday? We did too! Despite having been in negative territory for a while now, which somewhat supports the 'hold', the ECB hasn't announced measures even close to what other Central Banks have…
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The AAPL structure hints at an impulsive trend consisting of primary sub-waves ①-②-③-④-⑤. Horizontal correction wave ④ has taken the form of a contracting intermediate triangle. Currently, wave ⑤ consists of sub-waves…
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GBPJPY's 3-month high at 137.39 suggests that prices could extend higher. Having retraced back below the 61.80% Fibonacci at 136.95, however, marks the bullish attempt as a false-break for the time being. This means that a pullback can be…
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The current XAUUSD structure hints at a final impulse in wave ⑤. This is part of a larger cycle degree impulse. It consists of five sub-waves (1)-(2)-(3)-(4)-(5). At the time of writing, the market has completed correction wave (4) as a…
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So, you’ve been dabbling in the markets for a while now. You’ve started up a demo account, slowly learned the ins and outs of trading. Then you’ve built your own strategy and tested it out on a live account. But the deeper you dive into the…
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The Fed's policy outlook (including their tapering schedule) depends on an expectation that the latest high levels of inflation will moderate by the end of the year. This is one of the key factors determining when they are likely to raise…
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The month of December can be a defining month for forex traders. The final month of the year offers the final chance to cement a solid performance or recoup losses. During the holiday period, flows are notoriously quiet into the back…
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For the second week in a row, markets closed down quite heavily on a Friday. Then throughout Monday, they clawed back some of the losses. A drop in the markets heading into the weekend isn't exactly unusual. This is because there is…
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Too often, professional Forex and stock market strategists are questioned as to why they, themselves, do not trade. “If you claim to know what is going to happen and how the market will move,” they say, “then why don’t you just trade…
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While the traditional moving average cross over method offers a fairly decent trade set up, in times of ranging markets, the crossovers of the moving averages can get choppy resulting in quite a few losing trades. Instead of buying and…
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After the unexpectedly disappointing results in jobs creation reported on Friday, there is a lot more interest in the FOMC minutes' release tomorrow. What the markets are looking at now is when the taper will happen. After the last…
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