Page 3 - Chart Patterns News Today

The Bank of England (BoE) is facing growing challenges heading toward the September meeting, as uncertainty around the Fed swirls as well. Will todays US data provide some clarity for the pair?

USDZAR has rallied higher today despite the BRICS Bloc announcing its expansion plans. The inclusion of Saudi Arabia is sure to stir up de-dollarisation talks once more, but a lot of work lies ahead for the Bloc in that regard.

US PMI continued the trend today and missed estimates showing signs that the rate hike cycle is being felt. Canadian retail sales provided mixed signals with USDCAD eyeing Jackson Hole for its next move. Retracement incoming or consolidation ahead?

Oil prices appear ready for a decent pullback amid China and recessionary fears. Will we finally achieve a sustained break back below the $80.00 a barrel mark?

WTI appears vulnerable following wedge breakout. Are we finally in for a deeper retracement?

UK unemployment rises to levels last seen in late 2021. Average earnings touted as key by the BOE smashed estimates and is likely to add pressure on the Central Bank to keep its foot on the rate hike pedal.

The US economy added 209k new jobs in June coming in below estimates. However, average hourly earnings and unemployment improve, likely cementing a 25bps hike from the Fed in July.

Bitcoin trading success: choosing exchanges, securing assets, analyzing trends, developing strategies, risk management.

A throwback is a countertrend move where prices reverse direction and move back towards a breakout point, paving the way for a strong rally.

Ether declined more than 3% to $1,650 less than three hours after the Fed ended its more than year-long diet of interest rate increases. ADA plunged more than 5%, while SOL and Matic each dropped over 4%.