Dollah traders huddle up! USD/CAD’s upswing is hitting a ceiling around a key technical resistance area. Will the pair maintain its range pattern? Or will we see a breakout? USD/CAD 4-hour Forex…
Category: Forex
Daily Broad Market Recap – October 7, 2024
No big data? No problem! Markets started the week on a high after Friday’s NFP report, but it wasn’t long before worries over Middle East tensions, shrinking Fed rate cut chances, and…
4 Simple Ways To Set Yourself Up For Trading Success
It is said that only 1% – 5% will consistently make money in forex trading. You’re going to need all the tricks in every book if you want to be included in the…
FX Watch: NZD/JPY And GBP/NZD Could Reflect NZD’s Potential Rally After RBNZ’s Event!
The Reserve Bank of New Zealand (RBNZ) is widely expected to cut interest rates this week! Our Event Guide for RBNZ’s Decision suggests that there’s room for as much as a…
FX Watch: NZD/CHF & NZD/CAD Setups on a Potentially Dovish RBNZ
Will the Reserve Bank of New Zealand (RBNZ) cut interest rates again this week? Expectations are for an aggressive 0.50% reduction in borrowing costs, as policymakers worry about risks of inflation…
Event Guide: RBNZ Monetary Policy Statement (October 2024)
Word around is that the RBNZ is about to cut its interest rates by as much as 50 basis points! How may NZD react to the news?
Week Ahead in FX (Oct. 7 – 11): RBNZ Decision, FOMC Minutes, U.S. Inflation & Canada’s Jobs Data
There’s no shortage of top-tier market catalysts this week since we’ve got a couple of central bank events, plus U.S. inflation and Canada’s employment figures to boot. Don’t forget that Fed…
Premium Forex Watch Recaps: September 30, 2024
This week our currency strategists focused on the Euro area CPI update and the U.S. Manufacturing PMI update for potential high-quality setups. Out of the four scenario/price outlook discussions this week, one…
Global Market Weekly Recap: September 30 – October 4, 2024
Geopolitical headlines took center stage for the most part of the week, pushing crude oil prices around and even influencing overall market sentiment. Investors appeared to be concerned about contagion risks…
FX Weekly Recap: September 30 – October 4, 2024
The market spotlight was mostly on U.S. jobs-related data but geopolitical headlines also stole the show & spurred a bunch of risk-off moves early on.