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Tesla Up Next As US earnings season rolls on, focus today lands on Elon Musk and Tesla. On the back of Musk’s eventual takeover of Twitter, and all the controversy surrounding it, traders are keen to see how Musk’s primary business performed over the period. On the numbers front, Wall Street is looking for an […]

Q4 Inflation Spikes Higher The Australian Dollar is seeing a flood of demand today on the back of the latest CPI figures, released overnight. Aussie inflation was seen spiking back up to 1.9%, quarter-on-quarter, up from 1.8% prior and above the 1.6% the market was looking for. The year-on-year figure was seen rising back up […]

What Steps Can Be Taken to Prepare For Trading? Preparing for trading can be a challenging task, especially for beginners. As a trader, navigating the volatile global markets requires a solid strategy and risk management. Developing these tools can help traders manage adverse market conditions. Achieving trading goals requires a solid plan, and it won’t […]

How Has AI Changed Forex Market? AI is a term that encompasses a variety of technologies, which includes machine learning and predictive analytics. These technologies play a big role in the Foreign Exchange market, which is expected to experience significant growth with a CAGR of 20.1% from now until 2029, reaching a total market value […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are nearing the overbought area, while the RSI is nearing the resistance line. A test of 8/8 (0.7080) should be expected, followed by a bounce off it and falling to the support level of 6/8 (0.6958). The scenario can be cancelled by rising over the […]

EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. The pair now continues going by the signal in an ascending wave. The goal of the growth might be 1.0960. However, the price may pull back to 1.0835, bounce off it, and continue the uptrend […]