In this second part of our series, we shift focus from the market open to the close—the final hour of the trading session. The dynamics of the close are different from the open because the time to act is much shorter. Unlike the open, where you have the whole trading day ahead of you, the close compresses decisions into a much tighter window. This makes the...
After two weeks of consolidation, EUR/USD is teetering on the edge of a breakout as traders prepare for tomorrow's pivotal Federal Reserve rate decision. With market participants awaiting the outcome, let’s take a look at how EUR/USD is positioned ahead of this key event.
Powell’s Soft Landing Challenge
The Fed is widely expected to lower interest rates for...
Gold price (XAU/USD) continues to push to new highs as traders lean in favour of a 50-basis point cut at the FOMC meeting on Wednesday. The anticipation of the fist cut from the Federal Reserve is driving risk appetite, allowing gold to continue attracting new buyers. The softer economic data – which is enabling rate cuts – is also a direct driver of bullishness...
Nvidia's share price has taken a breather over recent months, forming a symmetrical triangle pattern. This technical setup often signals a potential breakout—let’s delve into what this could mean for the stock and explore some strategies for trading it.
Financial Performance: Strong Fundamentals Amidst Consolidation
While Nvidia's share price has been...
Welcome to our 2-part series on how to trade the two most intense, liquid, and volatile periods of the trading day: the open and the close. These moments bookend the trading session and are critical for traders who thrive on fast-paced environments.
In Part 1, we’ll focus on the open—the first hour after the market bell rings. We will explore why this period...
NIO Inc. has recently attracted attention with a powerful rally following the release of its Q2 2024 results, leading traders to wonder if the electric vehicle giant has finally bottomed out. With a surge in deliveries and a marked improvement in financial performance, combined with changing technical signals, NIO’s stock may be at a pivotal point.
Why Last...
