All eyes were on the U.S. elections on Tuesday, encouraging pre-event positioning and volatile price action among the major assets. U.S. dollar alternatives like bitcoin and gold gained ground, while U.S. equities…
Category: Forex
New Zealand Dollar Rises as Robust Wage Growth Outweighs Q3 Job Decline
New Zealand’s labor market cooled off a bit in Q3 2024, with employment dipping 0.5% quarter-over-quarter (vs. 0.4% downtick expected) and the unemployment rate ticking up from 4.6% to 4.8%. The labor…
Event Guide: FOMC Statement (November 2024)
Will the Fed carry on with its easing cycle and announce another interest rate cut this week? Or are they about to slow the pace down and consider pausing? …
RBA Holds Rates Steady, Staying Hawkish on Elevated Inflation Risks
As expected, the Reserve Bank of Australia (RBA) kept its cash rates unchanged at 4.35% in November. RBA recognized that headline inflation has fallen sharply from lower fuel and energy prices, but…
FX Watch: NZD/USD and EUR/NZD Setups if New Zealand Q3 Jobs Data Falls Short
New Zealand’s Q3 2024 jobs report is coming up, and there’s buzz about a possible dip in hiring—fueling talk of an RBNZ rate cut! Our Event Guide for New Zealand’s Q3…
Event Guide: New Zealand Employment Report (Q3 2024)
Can the upcoming quarterly jobs report from New Zealand keep the RBNZ dovish? Expectations are for a dip in hiring for the third quarter of 2024, possibly supporting the case…
FX Watch: NZD/CHF and NZD/CAD Support Zones if New Zealand’s Jobs Data Beats Estimates
New Zealand is expecting to see a dip in hiring for Q3 2024, but what if the actual figures surprise to the upside? Our Event Guide for the NZ Employment Report…
Daily Broad Market Recap – November 4, 2024
Traders mostly stayed on the sidelines on Monday as traders price in the uncertainty of the U.S. elections and this week’s top-tier calendar events. Still, crude oil got a small boost from…
4 Cases When You Should Sit on the Sidelines
With an extra busy trading week ahead, are you really supposed to bounce pounce on ALL the opportunities to make profits? Contrary to what some might think, staying on the sidelines doesn’t…
FX Watch: AUD/NZD And AUD/CHF’s Potential Targets In Case Of A Hawkish RBA Event
The Reserve Bank of Australia (RBA) is kicking off the central bank parade this week! Our RBA Event Guide points to no policy changes, which would mean rates holding steady at…