Ming Jong Tey
Independent Analyst
After forming a Wyckoff re-accumulation structure, CG, COTY, IPG and MET just started a bull run with buy signals spotted.
In this video, you will find out how to participate right at the beginning of this uptrend with simple breakout trading or pullback trading strategy. Watch the video below:
Timestamps
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0:27 CG (CARLYLE GROUP INC).
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5:55 COTY (COTY INC).
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9:02 IPG (Interpublic Group COS INC).
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10:44 MET (METLIFE INC).
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Editors’ Picks
EUR/USD pops to yearly highs near 1.1770
EUR/USD rapidly reverses course and hits fresh YTD tops near 1.1780 at the end of the week. The pair’s U-turn comes on the back of the intense sell-off in the Greenback amid the generalised risk-on context.
GBP/USD climbs to four-month tops near 1.3600
GBP/USD is building on its solid weekly advance and is pushing toward the 1.3600 hurdle on Friday, or new four-month peaks. Cable’s strong move higher comes as the Greenback intensifies its decline, while auspicious results on the UK calendar also collaborate with the uptrend.
USD/JPY falls sharply following a jump above 159.00 after BoJ
USD/JPY declins sharply toward 158.00 after rising above 159.00 in the European session on Friday. The Bank of Japan left its monetary policy settings unchanged following the first policy meeting of the year, as expected, but Governor Ueda noted a weak Japanese Yen could lead to a rise in import costs and be passed on to domestic prices.
Editors’ Picks
Gold picks up pace, approaches $5,000
Gold prices keep their uptrend well in place and gear up for an imminent hit to the key $5,000 mark per troy ounce on Friday. The yellow metal’s sharp advance gathers pace amid the increasing weakness in the US Dollar and mixed US Treasury yields across the curve.
EUR/USD: Trump gives it, Trump takes it away Premium
Once again, geopolitical woes were at the top of the list of market movers, and the outcome was not good for the US Dollar (USD). The Greenback was hit by uncertainty triggered by United States (US) President Donald Trump’s decisions.
GBP/USD: Pound Sterling surges above 1.3500 against weakened US Dollar Premium
GBP/USD started the week on a firm footing and continued to trade strongly as disputes between the United States (US) and the European Union (EU) over the purchase of Greenland battered the US Dollar (USD) significantly.
Bitcoin: BTC slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price
Bitcoin (BTC) is trading below $90,000 at the time of writing on Friday, down nearly 5% this week. Despite a brief improvement in risk appetite following US President Donald Trump’s mid-week speech at Davos, the Crypto King remains under pressure as institutional demand continued to weaken so far this week.
US Dollar: To sell or not to sell… America? Premium
It was a rough week for the US Dollar (USD). Indeed, the US Dollar Index (DXY) not only gave back all its gains for the year but also slid all the way down to four-week lows below the 98.00 mark.
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