After their “finely balanced” interest rate cut last month, will the Bank of England (BOE) follow through with a more convincing easing decision this time? Or will they choose to be…
Category: Forex
Daily Broad Market Recap – September 17, 2024
Markets still seem uneasy ahead of this week’s FOMC decision, as intermarket correlations appeared to be a mess even while the U.S. dollar cheered the upside surprise in headline retail sales. Crude…
FX Watch: EUR/AUD Reversal Pattern Neckline Test Ahead of AU Jobs Data
The Aussie has been able to keep its head up so far this week, but will the upcoming Australian jobs release change all that? Here’s what I’m watching on the…
FX Watch: AUD/NZD’s Trend Pullback Opportunity Ahead Of Australia’s Jobs Reports
Will Australia’s August labor market data help traders jump on AUD/NZD’s uptrend this week? We spotted a potential setup on the 1-hour time frame!
Canada’s Annual Headline CPI Slowed to 2.0% in August, Lowest Reading Since February 2021
Canada printed another batch of weaker than expected inflation figures, as the headline CPI slowed from 2.5% to 2.0% year-on-year in August – its lowest reading since February 2021. On a monthly…
Event Guide: FOMC Statement (September 2024)
It’s time for the blockbuster event of the month: the September FOMC decision! Will policymakers go for the standard 0.25% rate cut or will they level up with a 0.50% reduction…
Event Guide: U.K. CPI Report (August 2024)
Is the Bank of England (BOE) due to announce another interest rate cut soon? The upcoming U.K. CPI release could have some clues about the central bank’s policy bias, so better…
Chart Art: Potential Correction Zone on GBP/CAD
Missed the bullish breakout on GBP/CAD? Better keep your eyes on this area of interest in case a retest happens and the trend resumes. Take a look at these inflection points I’m…
Chart Art: Is WTI Crude Oil (USOIL) Ready To Extend Its Downtrend?
U.S. crude oil prices just popped up a red candlestick around a key inflection point! Are we looking at Black Crack potentially extending its long-term downtrend? The 4-hour chart may give us…
Daily Broad Market Recap – September 16, 2024
Financial markets are looking mixed as traders brace for the FOMC decision later this week while Chinese banks are still closed for the Mid-Autumn Holidays. So far, the U.S. dollar is edging…