The latest Bureau of Economic Analysis (BEA) data gave us a mixed read on consumer prices for September. Energy, food, and goods prices dropped, nudging headline inflation closer to the Fed’s 2%…
Category: Forex
Bank of Japan Holds Rates, Hints at Potential December Move
The Bank of Japan (BOJ) maintained its short-term interest rate target at 0.25% at today’s policy meeting, while signaling increasing confidence in the economic outlook that could pave the way for further…
Event Guide: U.S. Non-Farm Payrolls Report (October 2024)
Uncle Sam is about to drop its October labor market numbers! Will the results inspire repricings of interest rate cut expectations for the Fed? More importantly, how may the U.S. dollar…
Chart Art: Is The U.S. Dollar Index Ready To Bounce Higher?
The U.S. dollar pulled back some of its weekly gains after an advance GDP reading disappointed market expectations. Are we looking at an opportunity to buy the Greenback at lower levels? We’re…
Daily Broad Market Recap – October 30, 2024
It was another volatile day in the financial markets, as currencies and asset classes dealt with a handful of top-tier catalysts. Not only did Uncle Sam print the Q3 advance GDP, but…
3 Kinds of Helpful Self-Dialogue for Forex Traders
Is keeping a detailed forex trading journal not enough for you to stay in the zone? If you’re looking to take your journaling a notch higher, you might want to consider using…
Daily Broad Market Recap – October 29, 2024
Market correlations appeared to be out of sync in the latest trading sessions, as crude oil had its own thing going while U.S. equities reacted to earnings data. Gold advanced more than…
FX Watch: NZD/JPY and CHF/JPY Breakout Plays on a Less Dovish BOJ Decision
Is there a chance the Bank of Japan (BOJ) can sound more upbeat in this week’s policy statement? Or will currency jawboning outweigh any cautious remarks policymakers may have? Check…
Australia’s Q3 CPI Cools, but Sticky High Components May Keep RBA Hawkish
Data released by the Australian Bureau of Statistics (ABS) showed consumer price increases decelerated from 1.0% to 0.2% in Q3 2024 against market expectations of a 0.3% reading. On an annual basis,…
FX Watch: AUD/JPY And CHF/JPY’s Trend Continuation Setups In Case Of A Dovish BOJ Event
The Bank of Japan (BOJ) starts its two-day meeting today! If Japan’s recent economic data are any clue, BOJ members may have less room to maintain their hawkish biases. But…