Welcome to our four-part Strategy Smarts series designed to give you some practical trading templates which build on the concepts outlined in our Day Traders Toolbox and Power Patterns series.
In Part 3, Playing the Range we look at strategies for tackling choppy, rangebound markets. These are markets with plenty of noise and randomness – markets that can chop...
Nvidia (NVDA): Q3 earnings released after New York close on Tuesday 21st November.
Riding the AI Wave to New Heights
Nvidia's upcoming earnings release is poised to be a seismic event in the tech world, and the anticipation is palpable.
The chip maker has been riding the crest of the AI wave, catapulting its share price to stratospheric heights, hitting...
The US dollar weakened notably following the latest CPI data, showing a larger-than-expected dip to 3.2% in October. This decline, the first in four months, sparked a surge in AUD/USD on Tuesday, pushing prices back into a crucial resistance zone established since August (see daily candle chart below).
Wednesday’s price action saw AUD/USD briefly break above the...
Welcome to our four-part Strategy Smarts series designed to give you some practical trading templates which build on the concepts outlined in our Day Traders Toolbox and Power Patterns series.
Today’s piece centres around Trend Days ; what they are, how to spot them early and most importantly, how to trade them consistently.
The Trend Day: A Day That Can...
Apple Inc (AAPL)
Strong Services Offset China Concerns
Apple's share price has rallied since the release of their recent financial results on 2nd November, despite certain concerns over growth in China.
One key driver behind the rally is the stellar performance of Apple's services segment. The robust growth in services, highlighted by impressive numbers...
Over the past month, EUR/USD has been in 'mean reversion mode,' characterised by price consolidation within a turbulent ascending channel. The erratic and unpredictable nature of this price channel reflects the mixed signals emanating from the ECB:
In a recent newspaper interview, ECB Vice President Luis de Guindos stated, "we are not there yet" in response to...
Welcome to our four-part Strategy Smarts series designed to give you some practical trading templates which build on the concepts outlined in our Day Traders Toolbox and Power Patterns series.
We’re kicking this series off with the Opening Range Breakout strategy because it is fundamental to the process of intra-day price discovery.
Strategy Overview:
At...
Gold Stalls at Resistance
Since the start of the conflict in Gaza gold has rallied a whopping 10%, reflecting investor demand for its safe-haven attributes during times of heightened global geopolitical tensions.
Initially, gold prices were languishing near the February and March lows in early October. However, since then, the precious metal has made a strong...
Welcome to the final instalment of our Day Trader's Toolbox series, in which we highlight some essential tools and indicators which have the potential to transform your day trading.
Today we lift the lid on the Average True Range or ATR – a simple yet highly effective tool when analysing the price movement of any market. We’ll explain how ATR helps you to...
BP (BP.)
Financial Snapshot:
BP reported a significant drop in third-quarter profits, with underlying earnings totalling $3.3 billion, down from $8.2 billion in the same period a year earlier. These results fell short of market expectations, which had anticipated earnings of $4 billion.
Today’s results were BP’s first since the resignation of CEO Bernard...
Central Banks Tread Carefully: Fed and BoE Expected to Maintain Interest Rates
In the coming week, central banks on both sides of the Atlantic are set to announce their interest rate decisions. The Federal Reserve, led by Chair Jay Powell, has acknowledged a "range of uncertainties" in the US economy. Consequently, Powell has pledged to proceed with caution when...
Gold (XAU/USD) has seen the bullish momentum weaken in the past few days, but this is only normal given the magnitude of the move in recent days. A flight to safety rush saw investors pile into gold to help diversify their risks as the conflicts in the Middle East erupted. The momentum has held strong throughout the past two-and-a-half weeks but buyers have run...
The recent moves in oil will have been disappointing for those who expected to see a sustained bullish rally following the Hamas attack on Israel and its subsequent attacks. The setup looked increasingly promising two weeks ago when both US crude (WTI) and Brent crude rallied around 5% on Friday the 13th leading into a weekend of uncertainty regarding how...
Welcome to the Day Trader's Toolbox, a 3-Part series focused on enhancing your day trading skills.
In this second instalment, we delve into the intricacies of VWAP (Volume Weighted Average Price) , a versatile indicator that can help you navigate intra-day price action.
I. Understanding VWAP:
What is VWAP?
VWAP calculates the average price at which...
The European Central Bank (ECB) will be delivering its latest policy updates on Thursday at 13:15 BST. It’s likely that the bank will not rush to make any major amendments at this meeting, opting to hold and wait to see how the latest data plays out. This is what markets are anticipating according to data from Reuters, showing a 99.3% chance of no hike as of...
The Bank of Canada (BoC) will be meeting on Wednesday afternoon (15:00 BST) for its seventh meeting this year. So far, the bank has hiked 10 times since March 2022, taking the rate from 0.25% to the current 5% reached in July this year. Since reaching this level, the BoC kept rates unchanged at the September meeting and, according to Reuters data, markets are now...
Barclays (BARC)
Financial Snapshot:
Barclays announced a 16% decrease in profit for the third quarter. This decline was primarily attributed to sluggish revenue growth in its UK retail division and lackluster performance in its investment bank, impacted by a shortage of M&A deals and reduced trading activity. However, Barclays managed to exceed expectations...
EUR/AUD: Technical Outlook
Amidst the sideways movement in major currency pairs, our attention turns to EUR/AUD, which has started to trend higher again.
Inverted Head and Shoulders Pattern
On the daily candle chart for EUR/AUD, there has been a significant development with the formation of an inverted head and shoulders pattern. This pattern indicates a...
