Market watchers still seem to be divided on whether or not the Bank of Japan (BOJ) is finally ready to hike interest rates. Will BOJ Governor Ueda and his fellow policymakers…
Category: Forex
Chart Art: WTI Crude Oil (USOIL) Resistance Turned Support?
WTI crude oil recently busted through its descending triangle top, hinting that a rally of the same height as the formation is due. Price is still retesting the former resistance, which might…
Chart Art: EUR/CAD Approaches Key Resistance Zone
After breaking above the 1.5000 psychological level, EUR/CAD is now eyeing a MAJOR area of interest. Will we see the pair extend its gains? Or will bears step in at the 1.5150…
Event Guide: FOMC Statement (December 2024)
The Fed is widely expected to cut its interest rates by 25bps this week. How might the U.S. dollar react to the news, and how can you trade the event? …
Daily Broad Market Recap – December 17, 2024
Global markets turned cautious before the Fed’s decision as strong U.S. retail sales cooled rate cut hopes, while China’s record capital outflows and BOJ hike speculation dominated currency price action on Tuesday….
Chart Art: GBP/CHF Is Testing A Key Range Resistance Area!
GBP/CHF is knocking on a key technical resistance level after yesterday’s market moves. Will we see an upside breakout this week? Or will the bears step in to keep the pair inside…
Event Guide: U.K. CPI Report (November 2024)
The U.K. economy will be printing its CPI release a day ahead of the BOE decision this week, so the inflation report could strongly influence policy expectations. Here’s what number…
Daily Broad Market Recap – December 16, 2024
Despite a busy economic schedule for the day, markets were off to a sluggish start and correlations were mostly out of sync while asset classes responded to individual catalysts. Still, some risk-on…
U.S. Flash PMIs Show Growth Acceleration Despite Manufacturing Weakness in December
Data from S&P Global showed economic growth accelerating in December, though with significant divergence between sectors. The services sector saw dramatic expansion, with PMI rising to 58.5 from 56.1, marking a 38-month…
5 Ways You Can Trade Like a Hunter
In many trading-related books, we often see the markets become associated with a jungle. And why not? Every day, traders battle it out with animal references such as the bulls and the…