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Summary
Trader and author Jay Norris defines the fractal nature of markets and dispels the common held believe that when it comes to market analysis longer-term is always better than shorter-term. He reminds us of the power of simplicity, and shows examples of short-term pattern shifts which prompt intermediate and long-term market moves, or what in Chaos Theory is called “the butterfly effect”, in today’s markets.Latest Live Videos
Editors’ Picks
EUR/USD looks vacillating around 1.1800
EUR/USD alternates gains with losses around the 1.1800 neighbourhood amid marginal gains at the end of the week. The pair’s tepid move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the irresolute price action in the US Dollar.
GBP/USD slips back to daily lows near 1.3450
GBP/USD trades on the back foot on Friday, adding to Thursday’s losses around the 1.3450 region. Cable’s move lower comes amid the lacklustre performance of the Greenback in a context of a wide spread absence of volatility.
Gold flirts with four-week highs past $5,200
Gold adds to the ongoing recovery, up for the third day in a row and surpassing the $5,200 mark per troy ounce on Friday. The relentless uptick in the precious metal remains bolstered by steady geopolitical tensions and persistent uncertainty surrounding the US trade policy.
Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias
Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.
Changing the game: International implications of recent tariff developments
The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.
Here is what you need to know on Friday, February 27:Here is what you need to know on Friday, February 27:
Markets remain cautious early Friday, helping the USD stay resilient against its rivals. The European economic calendar will feature preliminary February inflation data from Germany. Later in the day, investors will watch the January US Producer Price Index and fourth-quarter Canadian GDP figures closely.