The BOJ is not expected to change its policies this week, but the event will be under the spotlight as traders look for clues on the central bank’s immediate plans. Here…
Category: Forex
Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings
The FOMC lowered interest rates by 50 basis points to 4.75% to 5.00% in their September meeting, marking an aggressive start to their monetary policy easing cycle. This was also the first…
3 Reasons You’re Not Meeting Your Trading Goals
One of the more important themes we have discussed before is the need for traders (especially the newbies) to focus on the process rather than the profits. The idea is that a…
Event Guide: Australia’s Employment Report (August 2024)
Heads up, Aussie traders! We’ll get a fresh update on the Land Down Under’s employment situation for August, and here’s how the numbers could impact intraday AUD price action. What…
Event Guide: BOE Monetary Policy Statement (September 2024)
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…
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…