Month: December 2024

Our Forexpedia defines the breakeven point as the level where gains are equal to losses. A breakeven trade is one that is neither a winner nor a loser. It closes at a…

EUR/CAD looks set for a potential upside breakout in the next few days. Let’s take a closer look at the pair’s Reverse Head and Shoulders pattern in the 4-hour time frame: EUR/CAD…

Bitcoin hit a key milestone on Thursday even as the rest of the major assets saw pullbacks or stayed in wide ranges. Meanwhile, the U.S. dollar extended its losses ahead of Friday’s…

Labor market-related reports printed earlier this week convinced more market players that a December rate cut is imminent. Will Uncle Sam’s November jobs data strengthen calls for another Fed rate cut…

A recent long position in CAD/CHF, initially triggered by stronger-than-expected Canadian CPI data, was stopped out as external market forces overwhelmed the fundamental setup and broke a strong support area. Let’s…

Bank of Canada (BOC) members have recently hinted at more interest rate cuts, despite their push for more data dependence. Will November’s labor market data support the central bank’s relatively dovish…

It was a very busy day in the financial markets, as investors digested a fresh batch of services PMI data, central bank commentary, and employment figures. Fed Chair Powell’s remarks about economic…

Today’s weaker-than-expected Australian GDP print potentially sets up AUD/USD for continued downside moves in the short-term. With headline growth coming in at just 0.3% versus 0.4% expected, and GDP per capita…

Whether it’s the result of unexpected market events or just a poor trade idea, losing money really sucks. What’s worse is that when it happens over and over again, it eventually affects…

The Australian economy grew by 0.3% in the September quarter 2024 and 0.8% year-over-year, showing continued growth but at a slower pace than the expected 0.5% expansion, according to data released by…