Brandon Wendell, CMT
Brandon Wendell
Summary
I will discuss simple techniques that I use in order to determine the dominant trend direction for any timeframe that you may be trading. Trading in the direction of the trend is usually the most profitable style of trading for the Forex trader.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 extends rally to 156.00 on BoJ Ueda comments
USD/JPY preserves its bullish momentum and climbs to 156.00, refreshing monthly highs following the BoJ's decision to leave policy rate unchanged. In the post-meeting press conference, Governor Ueda said they will adjust the degree of easing if the price outlook is to be realized.
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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