AUD/USD Outlook Mired by Failure to Push Back Above September Low
The recovery from the yearly low (0.6170) may end up being short-lived as AUD/USD struggles to push back above the September low (0.6363). Read More
S&P 500, Dow and Nasdaq Fall Despite Strong Corporate Earnings
Major U.S. stock indices end in negative territory as investors weigh good corporate earnings, despite gloomy economic outlook, ahead of more interest rate hikes. Read More
Canadian Dollar Gains but Remains in Tough Spot, USD/CAD Rejected at Key Support
The Canadian dollar strengthens moderately against the U.S. dollar, but its fundamental outlook remains challenging amid mounting headwinds for high-beta currencies. Read More
EURUSD Continues to Coil – Is a Big Move Imminent?
EURUSD continues to carve out a symmetrical triangle as traders await the next large move. Read More
Buy the Rumor Sell the Fact, Explained
The concept of ‘buy the rumor, sell the fact’ is rooted in human psychology and understanding it can help traders avoid poorly timed entries Read More
Retail Trading Analysis: Lower Deposits and Withdrawals in July
<p>In our previous analysis of key metrics related to retail FX/CFD trading, we noticed a decline in the activity of investors. Finance Magnates <a href=”https://www.financemagnates.com/intelligence” target=”_blank”>Intelligence</a> analysis of July’s data from <a href=”https://www.cpattern.com” target=”_blank” rel=”nofollow”>CPattern</a> only proved the initial observations.</p><p>In July, retail traders decided not to deposit more capital in their accounts. In fact, they did not withdraw much either. […]
FTSE 100 Outlook: UK Stocks Uncertain After Prime Minister Resigns
Prime Minister Liz Truss resignation initially enabled FTSE to move higher before moving back towards current resistance holding at 7,000. What’s next for FTSE 100? Read More
British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP
The British Pound continues to get pushed by headlines but GBP/USD remains in a consolidation pattern for now, even as GBP/JPY has put in a massive move. Read More
3 Types of Forex Analysis
Discover the 3 types of forex analysis used to anticipate market movements and analyse trends. Read More
British Pound (GBP) Breaking News: UK PM Liz Truss Resigns
UK Prime Minister Liz Truss has resigned after days of speculation that her role was untenable. Read More