Ming Jong Tey
Independent Analyst
Pullback trading is considered as the bread and butter technique for traders. Yet majority traders still hardly generate consistent profit when trading the pullback mainly because they overlook one specific aspect.
In this video, you will find out the one thing that winning traders do when trading pullback that will boost up their winning rate instantly. Watch the video below:
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Editors’ Picks
EUR/USD bounces back, trades above 1.0860
EUR/USD bounced from a fresh weekly low of 1.0827, as the US Dollar lost steam following a weak ISM Manufacturing PMI report and words from Federal Reserve Chair Jerome Powell. Powell reiterated its hawkish message, dismissing potential rate cuts in the near future.
GBP/USD turns north ahead of the weekly close
GBP/USD recovered above 1.2650 in the American session on Friday. The US Dollar lost its temporal momentum and ends the weekly with a soft note amid soft local data. Hawkish comments from BoE officials underpinned the Pound this week.
USD/JPY picks up on higher US yields, 148.70 is a key resistance
The US Dollar trims losses and approaches resistance at 148.70. Higher US yields are supportring the USD ahead of Powell's speech. Hopes of some BoJ monetary policy normalisation in 2024 are expecte to underpin the Yen.
Editors’ Picks
EUR/USD bounces back, trades above 1.0860
EUR/USD bounced from a fresh weekly low of 1.0827, as the US Dollar lost steam following a weak ISM Manufacturing PMI report and words from Federal Reserve Chair Jerome Powell. Powell reiterated its hawkish message, dismissing potential rate cuts in the near future.
GBP/USD turns north ahead of the weekly close
GBP/USD recovered above 1.2650 in the American session on Friday. The US Dollar lost its temporal momentum and ends the weekly with a soft note amid soft local data. Hawkish comments from BoE officials underpinned the Pound this week.
Gold resumes advance and approaches record highs
Gold price (XAU/USD) quickly changed course after the US opening, trading above $2,050 a troy ounce. The US Dollar gave up intraday gains following the release of a worse.-than-anticipated IS Manufacturing PMI, indicating persistent weekends mid-Q4.
Solana likely to extend gains as DeFi airdrop season could boost user base
Solana ecosystem will see airdrops from projects like Jupiter, Marginfi, Drift, Zeta and Jito. Solana users are projected to increase between 30% and 80% from native token launches, according to Messari’s latest report. SOL price extends rally, yielding nearly 4% daily gains.
Weekly focus: Disinflation continues
This week, inflation came in below expectations in the euro area and the US. In the euro area, headline inflation fell much more than expected to 2.4% y/y (consensus: 2.7% y/y) in November from 2.9% in October.
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