Weekly FX Market Recap: Jan. 23 – 27, 2023

With key financial hubs off for the Lunar New Year, a lighter calendar & no major data surprises, it was a relatively quiet week for forex traders.

9h

What to Do When Your Trading Plans Aren’t Working Out

When your trades don’t go as planned, it can be frustrating, but it’s crucial that you remain calm.

18h

Commodities Watchlist: Silver (XAG/USD) Aiming for Range Support Again

This precious metal has been pacing back and forth inside a short-term range. Can silver break out soon or is another bounce in the cards?

18h

Daily Forex News and Watchlist: AUD/USD

We’ve got the U.S. core PCE price index coming up next, and I’m hoping this could spur a correction on AUD/USD.

21h

Chart Art: Trend and Breakout Plays for Bitcoin (BTC/USD) And CHF/JPY

Bitcoin is consolidating after an upside breakout while CHF/JPY looks set to extend a weeks-long trend. Check them out!

1d

Daily Forex News and Watchlist: USD/JPY

USD/JPY looks ready to bounce ahead of the U.S. GDP report. Can today’s release extend the dollar’s gains against the yen?

1d

Commodities Watchlist: Can Brent Crude Oil Maintain Its Short-Term Uptrend?

U.K.’s crude oil prices are trading a short-term uptrend! Can the commodity keep up its momentum for the rest of the week?

1d

Chart Art: Strong Resistance Levels on GBP/JPY and NZD/JPY

Heads up, yen traders! Both GBP/JPY and NZD/JPY are currently testing upside barriers visible on their short-term charts. 

2d

Crypto Watchlist: How High Can Cardano (ADA/USD) Go?

Crypto bulls are back in action these days, but can ADA/USD sustain its rally past this key resistance level?

2d

2 Possible Reasons Why You’re Not Following Your Trading Plan

Not being able to stick to your forex trading plan may be more than just a result of mere impulsiveness or the lack of discipline. Here are some other factors you take a second look at.

2d