The Federal Reserve lowered its benchmark interest rate by 25 basis points to a target range of 4.50-4.75% in their November meeting, citing that inflation has “made progress” towards their objectives. FOMC…
Category: Forex
Daily Broad Market Recap – November 7, 2024
The dust seems to have settled after the U.S. election results were confirmed, as the U.S. dollar pared some gains while Treasury yields retreated. Risk assets like U.S. equities and bitcoin, on…
Daily Broad Market Recap – November 6, 2024
Trump’s election win dominated price action on Wednesday, sending most of the major assets to notable highs and lows. How did your favorite assets trade yesterday? We have the deets: Headlines: Trump’s…
Chart Art: Potential Pullback Points After Bitcoin (BTC/USD) Hit Fresh Record Highs
Bitcoin (BTC/USD) was one of the biggest movers yesterday after Trump’s election win upped the odds of cryptocurrency-friendly policies. We’re eyeing potential support levels after BTC/USD has turned lower from its new…
Chart Art: Can EUR/GBP Stay Inside Its Range?
EUR/GBP has been pacing back and forth between support at the .8300 handle and resistance around .8450. Is it gearing up for a breakout soon? Or are we about to see another…
Event Guide: Canada’s Employment Report (October 2024)
Is the Canadian economy expecting another jobs slowdown that could keep the Bank of Canada (BOC) dovish? Or are we about to see a rebound that could change their policy…
How to Deal With “Black Swan” Event Losses
By definition, black swan events are unexpected and extremely difficult to predict. It’s possible that we could see huge gaps, wild swings, and increased volatility during big events… or we could see…
Chart Art: Gold (XAU/USD) Potential Reversal Looming?
Can gold prices go any higher from here? I’m seeing some signs of rally exhaustion on its 4-hour time frame and a potential reversal chart pattern, too! Check out these inflection points…
Daily Broad Market Recap – November 5, 2024
All eyes were on the U.S. elections on Tuesday, encouraging pre-event positioning and volatile price action among the major assets. U.S. dollar alternatives like bitcoin and gold gained ground, while U.S. equities…
New Zealand Dollar Rises as Robust Wage Growth Outweighs Q3 Job Decline
New Zealand’s labor market cooled off a bit in Q3 2024, with employment dipping 0.5% quarter-over-quarter (vs. 0.4% downtick expected) and the unemployment rate ticking up from 4.6% to 4.8%. The labor…