Data points from Uncle Sam were front and center for the most part of the week, as market watchers paid close attention to jobs-related reports ahead of the NFP release.
Category: Forex
Global Market Weekly Recap: October 28 – November 1, 2024
Market correlations were a hot mess for the most part of the week, as equities and commodities moved to the tune of their own individual catalysts. Geopolitical tensions were still front…
The Importance of Managing Trading Expectations
Our minds are gifted with pain-avoidance mechanisms that help us cope with physical and emotional suffering. Think about it. Don’t we all remove our hands instantly from a hot surface? I’m sure…
Chart Art: WTI Crude Oil (USOIL) Just Bounced From a Range Support. Now What?
A recovery in crude oil prices just pushed WTI crude oil (USOIL) higher from a key technical support zone. Will this lead to USOIL revisiting higher areas of interest? Let’s check out…
Daily Broad Market Recap – October 31, 2024
Profit-taking was the name of the game on Thursday, as traders braced for top-tier U.S. data releases, the U.S. elections, and the end of a trading month. Which headlines dominated price action…
Fed’s Target in Sight as Inflation Cools, Spending Holds Strong
The latest Bureau of Economic Analysis (BEA) data gave us a mixed read on consumer prices for September. Energy, food, and goods prices dropped, nudging headline inflation closer to the Fed’s 2%…
Bank of Japan Holds Rates, Hints at Potential December Move
The Bank of Japan (BOJ) maintained its short-term interest rate target at 0.25% at today’s policy meeting, while signaling increasing confidence in the economic outlook that could pave the way for further…
Event Guide: U.S. Non-Farm Payrolls Report (October 2024)
Uncle Sam is about to drop its October labor market numbers! Will the results inspire repricings of interest rate cut expectations for the Fed? More importantly, how may the U.S. dollar…
Chart Art: Is The U.S. Dollar Index Ready To Bounce Higher?
The U.S. dollar pulled back some of its weekly gains after an advance GDP reading disappointed market expectations. Are we looking at an opportunity to buy the Greenback at lower levels? We’re…
Daily Broad Market Recap – October 30, 2024
It was another volatile day in the financial markets, as currencies and asset classes dealt with a handful of top-tier catalysts. Not only did Uncle Sam print the Q3 advance GDP, but…