GBP/CAD has been cruising above a rising trend line these days, and it looks like another dip to support is in order. Can the uptrend stay intact? Let’s take a closer look…
Category: Forex
U.S. September ISM Manufacturing PMI Prices Index Contracted for the First Time This Year
The U.S. ISM manufacturing PMI survey for September came in weaker than expected, as the index held steady at 47.2 to reflect the same pace of industry contraction instead of improving to…
FX Watch: NZD/USD’s Trend Opportunity Ahead Of The U.S. ISM Manufacturing PMI
NZD/USD is having trouble extending its downswing since it hit a potential support zone! Profit-taking after last week’s extended moves may have dragged NZD/USD down from its .6375 highs. It didn’t…
Chart Art: Trend Retracement Levels For Gold (XAU/USD)
Where them gold bugs at? Spot gold (XAU/USD) looks ready to extend a longer-term trend after touching a few technical support levels. Think the precious metal will see new record highs this…
FX Watch: Is USD/CHF Ready for a Triangle Breakout?
Dollar traders seem excited to adjust positions ahead of Friday’s NFP release, so leading jobs indicators like the ISM manufacturing PMI could spark volatility early this week. Expectations are for a…
Daily Broad Market Recap – September 30, 2024
Monday was a mixed bag for most asset classes, before dollar pairs managed to find a clear direction during Fed head Powell’s speech. Commodities found themselves on shaky ground after China printed…
Event Guide: U.S. ISM Manufacturing PMI (September 2024)
With market participants looking forward to the NFP release later this week, could clues from the ISM manufacturing PMI steer the dollar in a clear direction early on? Here’s what number…
5 Exit Strategies To Consider in Each Trading Setup
Most traders spend a lot of time and effort picking their trade entries but forget to plan their exits. But what use is a well-timed and properly executed entry if you aren’t…
FX Watch: EUR/CAD To Receive Support From Euro Area CPI Reports?
The European Central Bank (ECB) is under pressure to cut rates again in October, as recent data points to slowing growth and easing inflation in the Euro Area. This week’s German…
Week Ahead in FX (Sept. 30 – Oct. 4): NFP Week With Euro Area CPI And Central Bankers Also In Focus
This week, all eyes will be on the Fed and the European Central Bank (ECB) as the U.S. and Euro Area release key reports that could shape the next moves from both…