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Summary
In this session we examine a simple naked (price action) reversal system. We will look at live examples, the pitfalls and the optimizers for this system. It works in any market, on any time frame chart.Latest Live Videos
Editors’ Picks
EUR/USD remains cautious near 1.1760 ahead of US data
EUR/USD trades marginally on the defensive at the end of the week, hovering around the 1.1770-1.1760 band against the backdrop of an equally humble advance in the US Dollar. Meanwhile, investors gear up for the release of key US data later in the day, including PCE and GDP figures.
GBP/USD looks slightly bid near 1.3480, focus on US docket
The British Pound gathers some fresh steam on Friday, prompting GBP/USD to reverse four consecutive days of losses and revisit the 1.3480 zone. Cable’s decent bounce comes on the back of modest gains in the Greenback prior to the release of significant US data.
Gold extends the recovery past $5,000/oz, looks at US data
Gold prices advance for the third straight day on Friday, reaching new multi-day highs just north of the key $5,000 mark per troy ounce. The continuation of the precious metal’s uptick follows steady geopolitical effervescence in the Middle East, while traders eagerly await key US data releases.
US GDP growth expected to slow down significantly in Q4 after stellar Q3
The United States Bureau of Economic Analysis will publish the first preliminary estimate of the fourth-quarter Gross Domestic Product at 13:30 GMT. Analysts forecast the US economy to have expanded at a 3% annualized rate, slowing down from the 4.4% growth posted in the previous quarter.
Week ahead – Markets brace for heightened volatility as event risk dominates
Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness.
