September is often seen as a cautious or “risk-off” month for traders, influenced by factors like economic uncertainty, updates from China, and concerns about the rate cuts in the US. This generally means that traders might prefer safer investments, although this can vary depending on the asset. Here are two of my favorite trade ideas […]
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Daily Pivots: (S1) 1.3918; (P) 1.3943; (R1) 1.3969; More… USD/CAD breached 1.3958 briefly but upside is capped below 1.3976 key resistance. Intraday bias stays neutral first. Further rise is is expected as long as 1.3822 Read more…
The financial markets are intently focused today on US inflation data. Expectations are that both the headline CPI and core CPI remained unchanged in October from the previous month’s readings of 2.4% and 3.3%, respectively. Read more…
Key Highlights Gold started a sharp downside correction below the $2,665 support. A connecting bearish trend line is forming with resistance at $2,670 on the 4-hour chart. Bitcoin traded to a new high at $89,998 Read more…