Summary
Candlestick formations are one of the most widely used charting methods in the modern trading world. They paint the picture of the trading world before our very eyes, but what story do they have to tell us? Navin Prithyani forex expert and analyst is joining us at FXStreet to broaden our understanding of candlesticks. He will take us beyond the basics and into the deeper understanding of what the market Buyers and Sellers are REALLY thinking and how their struggle is shaped in such a simple, yet complex form, the Japanese Candlestick.Latest Live Videos
Editors’ Picks
GBP/USD edges higher to near 1.2600 ahead of BoE rate decision
GBP/USD gains ground after declining more than 1% following the Federal Reserve’s hawkish cut on Wednesday, trading around 1.2590 during the Asian hours on Thursday. The Pound Sterling gains upward support as the Bank of England is anticipated to keep interest rates unchanged later in the day.
EUR/USD remains on the defensive below 1.0400 on hawkish Fed rate cut
The EUR/USD pair weakens to near 1.0370 during the Asian trading hours on Thursday. The hawkish rate cut by the US Federal Reserve lifts the US Dollar and drags the major pair lower.
USD/JPY refreshes monthly high above 155.00 on BoJ's rates on-hold
USD/JPY is back above 155.00, refreshing monthly highs following the BoJ policy verdict. The BoJ left the short-term rate target unchanged in the range of 0.15%-0.25%. The decision came in line with the market expectations. Governor Ueda's press conference is now awaited.
Gold price sticks to recovery gains; not out of the wood yet amid Fed's hawkish tilt
Gold price attracts some haven flows amid the post-FOMC sell-off in the equity markets. The Fed’s hawkish outlook continues to lift the US bond yields and caps the XAU/USD. Traders now look to the US Q3 GDP for some impetus ahead of the US PCE data on Friday.
Sticky UK services inflation to come lower in 2025
Services inflation is stuck at 5% and will stay around there for the next few months. But further progress, helped by more benign annual rises in index-linked prices in April, should see ‘core services’ inflation fall materially in the spring.
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