The European Central Bank (ECB) lowered its key interest rates by 0.25% as expected, bringing the deposit facility rate to 3.00%, while signaling a potentially more measured approach to future cuts. This…
Category: Forex
SNB Surprised with Larger 0.50% Rate Cut, Inflation Forecasts Downgraded
The Swiss National Bank (SNB) delivered a larger-than-expected interest rate cut at its December policy meeting, lowering its policy rate by 50 basis points to 0.50%. This marks the central bank’s fifth…
Australia Posted Strong Hiring Growth in November, Jobless Rate Down to 3.9%
Australia’s labor market showed considerable strength in November, with employment growing more than forecasted and the unemployment rate falling to 3.9%. The Australian Bureau of Statistics (ABS) reported that the economy added…
Daily Broad Market Recap – December 11, 2024
Risk was ON like Donkey Kong yesterday, thanks to the latest U.S. inflation data all but greenlighting a potential Fed rate cut next week. “Risk” assets flew higher than Elphaba on a…
Bank of Canada Cut Rates by 50bps as Expected, Signaled Slower Easing Ahead
The Bank of Canada (BOC) reduced its target for the overnight rate by 50 basis points to 3.25% in their December statement, marking its fifth consecutive rate cut since June. However, the…
3 Ways You Can Make The Most Out of Your Trading Journal
Much has been said about the importance of mastering your trading psychology. And though there are many different ways to accomplish this goal, perhaps the most practical and effective way of doing…
Event Guide: ECB Monetary Policy Statement (December 2024)
The ECB is widely expected to cut its interest rates in December. Recent economic indicators and ECB member commentary have strengthened this view, with the market pricing in additional cuts through…
Chart Art: WTI Crude Oil (USOIL) Triangle Breakout Due?
WTI crude oil has formed lower highs and found support at $67 per barrel to create a descending triangle on its 4-hour chart. Is it gearing up for a breakout soon? WTI…
Event Guide: SNB Monetary Policy Statement (December 2024)
Is the Swiss National Bank gearing up to announce its FOURTH interest rate cut in a row? Or will SNB policymakers take it easy and sit on their hands for now? …
Daily Broad Market Recap – December 10, 2024
With not a lot of fresh catalysts on tap, traders mostly played on Monday’s themes, and the major assets either extended their moves or pulled back ahead of this week’s awaited calendar…