The Reserve Bank of Australia’s (RBA) is expected to keep its interest rates on hold again this month, cementing its position as one of the more hawkish central banks around. Our…
Category: Forex
FX Watch: EUR/AUD and AUD/CAD Resistance Zones Ahead of the RBA Decision
The upcoming RBA decision could reinforce the Australian central bank’s position as one of the more hawkish ones around, as policymakers are expected to keep rates on hold again. Our Event…
Week Ahead in FX (Dec. 9 – 13): Central Banks Take Center Stage
A busy week lies ahead as we’ve got FOUR major central bank decisions lined up, along with key inflation reports from the U.S. that could influence the Federal Reserve’s rate decision next…
Premium Watchlist Recap: December 2, 2024
This week our currency strategists focused on the Australian Q3 GDP Report and its potential impact on the Australian dollar for potential high-quality setups. Out of the four scenario/price outlook discussions this…
Global Market Weekly Recap: December 2 – 6, 2024
Investors had plenty to work with throughout the week, as financial markets reacted to geopolitical developments and priced in expectations for the highly-anticipated OPEC+ decision and the U.S. NFP report.
FX Weekly Recap: December 2 – 6, 2024
This week featured busy mix of NFP positioning, central bank biases, trade concerns, and political uncertainty all pushing major currencies around.
Trade Case Study Update: AUD/USD Closed
A short position in AUD/USD, initially triggered by weaker-than-expected Australian GDP data, was closed profitably today as the U.S. jobs report showed stable employment conditions. Let’s examine how this theoretical trade…
What Makes Breakeven Trades Good or Bad?
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…
Chart Art: EUR/CAD’s Reverse Head And Shoulders Breakout In The Making?
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…
Daily Broad Market Recap – December 5, 2024
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…