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 remains weak near 1.1800
EUR/USD rapidly fades Tuesday’s uptick and resumes its weekly retracement, challenging the 1.1800 support at the end of the NA session on Wednesday. The pair’s drop comes in response to extra gains in the US Dollar. Moving forward, the ECB meets on Thursday and is seen leaving its policy rate unchanged.
GBP/USD churns near 1.3700 ahead of BoE rate call
GBP/USD remains trapped in a near-term cycling pattern on Wednesday, continuing to churn aimlessly between 1.3700 and 1.3650. Cable traders are unlikely to pick a meaningful direction until after the Bank of England’s latest interest rate decision, due during Thursday’s London market session.
USD/JPY climbs above 156.50 amid Japan’s fiscal concerns
The USD/JPY pair extends the rally to around 156.85 during the early Asian session on Thursday. The Japanese Yen (JPY) weakens to a two-week low against the US Dollar amid concern over Japan's fiscal health under Prime Minister Sanae Takaichi's expansionary spending policy. Traders will closely monitor Japan's snap elections scheduled for Sunday.
Editors’ Picks
AUD/USD extends the range play around 0.7000 after Aussie trade data
AUD/USD holds steady around the 0.7000 psychological mark during the Asian session on Thursday and moves little following the release of Australian data, which showed that the Trade Surplus rose to $3,373 million in December from $2,597 million. This, along with the RBA's hawkish outlook, acts as a tailwind for the Aussie. Meanwhile, the US Dollar stands firm near a two-week high, capping the upside for the currency pair as traders now look to the US JOLTS Jobs Openings data for a fresh impetus.
USD/JPY climbs above 156.50 amid Japan’s fiscal concerns
The USD/JPY pair extends the rally to around 156.85 during the early Asian session on Thursday. The Japanese Yen (JPY) weakens to a two-week low against the US Dollar amid concern over Japan's fiscal health under Prime Minister Sanae Takaichi's expansionary spending policy. Traders will closely monitor Japan's snap elections scheduled for Sunday.
Gold rises above $5,000 as ongoing US-Iran tensions boost safe-haven demand
Gold price jumps to around $5,005 during the early Asian session on Thursday. The precious metal rebounds following a period of intense volatility. Traders weigh the next round of US economic signals and the broader demand for safe-haven assets.
Dogecoin plummets as retail investors exit amid broad market sell-off
Dogecoin holds near support at $0.1000 at the time of writing on Wednesday, as bears tighten their grip on assets across the crypto market. The leading meme coin remains on the back foot, weighed down by risk-off sentiment, low retail activity and weak technicals.
The AI mirror just turned on tech and nobody likes the reflection
Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.
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