Amidst escalating tensions in the Middle East, both oil and gold prices have gapped higher in early trading on Monday. Let’s delve into the factors driving these market moves.
As U.S. non-farm payrolls data approaches, set to release tomorrow (Friday, October 6th) at 1:30 pm (UK time), let's delve into market expectations and positioning regarding this pivotal economic report.
Welcome to Part 6 of our 7-part Power Patterns series. The pullback is undeniably one of the most valuable trading patterns as it offers an opportunity to join established trends at favourable levels of risk / reward. However, in real-world trading scenarios, simplicity often gives way to complexity. It's important to explore how pullbacks can deviate from the ideal, straightforward model the Complex Pullback provides traders with a framework for trading pullbacks in real world scenarios.
A key driver behind the gold sell-off has been the strength of the U.S. dollar which was given fresh impetus following the Fed’s hawkish ‘higher for longer comments’ at the latest FOMC meeting.
Marks & Spencer reported strong growth in both its Food and Clothing & Home businesses for the first 19 weeks of the financial year. Food sales increased by over 11%, driven by price changes, while Clothing & Home sales grew by more than 6%, primarily due to in-store growth. Despite economic uncertainties, the company expects significant improvements in full-year profit growth and half-year results compared to previous expectations of modest revenue growth.
Welcome to Part 5 of our 7-part Power Patterns series. In this series, we'll be equipping you with the skills to trade some of the most indicative price patterns which occur on any timeframe in every market.
US indices start to draw attention as traders focus on the outlook for Q4.
USDJPY’s powerful long-term uptrend has been reignited after last week’s sharply contrasting policy statements from the Federal Reserve and Bank of Japan.
EUR/USD is currently testing a key support level after the Federal Reserve indicated a potential extension of higher interest rates.
The Bank of England has left rates unchanged at 5.25% with a 5-4 vote split after CPI dropped more than expected in August
GBP drops after a softer CPI reading scares investors about the BoE intentions. JPY on the lookout for further policy tweaks from Governor Ueda.
Welcome to Part 4 of our 7-part Power Patterns series where we delve into the Break & Retest pattern—a strategic approach to navigating breakout trades. If you've wrestled with the frustration of false breakouts, incorporating this pattern into your trading toolkit may help you overcome this challenge and put you on the path to becoming a more confident and consistent trader.
It’s a big week for Cable (GBP/USD) as both the Federal Reserve and the Bank of England are set to make crucial rate decisions.
In prior technical outlooks, we highlighted the importance of staying alert in sleepy markets, and last Thursday’s developments on the FTSE 100 serve as a prime illustration of this principle.
The FTSE 100 rose over 2% on Thursday as the ECB announced no more rate hikes for now.