All eyes and ears were on the U.S. CPI release… which didn’t really cause much of a ruckus in the markets. Crude oil, however, caught a massive 3% win for the day….
Category: Forex
Chart Art: Gold (XAU/USD) Near-Term Inflection Points
Are gold prices ready to resume their long-term climb to fresh highs? Or will the precious metal hit another roadblock on its uptrend? Check out these nearby inflection points I’m watching on…
U.S. CPI Came in Hotter Than Expected in September
The September U.S. CPI report reflected slowing price pressures for the month, but the annual headline and core inflation readings were still hotter than expected. Headline CPI rose another 0.2% month-on-month, slightly…
Event Guide: Canada’s Employment Report (September 2024)
Are markets still expecting the Bank of Canada (BOC) to carry on with its easing cycle? The upcoming Canadian employment report for September may have some clues! Expectations are for a…
Chart Art: WTI Crude Oil (USOIL) Triangle Resistance Bounce
Are crude oil bears about to stay in the game for much longer? A look at the energy commodity’s daily time frame shows a large descending triangle pattern that’s been holding since…
Daily Broad Market Recap – October 9, 2024
A lack of fresh market catalysts kept the major assets in ranges early in the day, before central bank speculations and positioning ahead of the U.S. CPI reports caused increased volatility in…
September FOMC Minutes: 25bps Cut Was On The Table, Members Reject Pre-Set Path
The minutes of the September decision revealed that a “substantial majority” voted for a 50 basis-point interest rate reduction to the 4.75% – 5.00% target range, mostly because it would bring rates…
RBNZ Slashes Rates by 50 bps, Signals Further Easing Ahead
The Reserve Bank of New Zealand (RBNZ) has cut its Official Cash Rate (OCR) by 50 basis points to 4.75%, marking a significant shift in its monetary policy stance. This move, while…
5 Useful Tips for Surviving a Market Crash
Market headlines aren’t exactly sounding cheery these days, leading some to worry that another crash may be looming. How can your account survive if this happens? Here are five tips to keep…
FX Watch: EUR/USD And USD/JPY’s Opportunities In Case Of Cooler U.S. Inflation
Leading U.S. inflation indicators indicate a pickup in September’s consumer price pressures. But what if inflation in the U.S. comes in cooler than markets had expected? Take a look at…