Data flow was relatively light in the latest trading sessions, but that didn’t stop a handful of asset classes from chalking up big moves. The U.S. dollar and Treasury yields got a…
Category: Forex
Chart Art: Is AUD/USD Headed For Deeper Pullback Levels?
AUD/USD is turning lower after recent events pushed U.S. demand higher. How low will the comdoll pair go before the bulls extend its multi-week uptrend? The 4-hour time frame could give us…
U.S. ADP Non-Farm Employment Surpassed Estimates But Pay Growth Slowed
The U.S. ADP non-farm employment change report came in slightly better than expected with 143K in hiring gains versus the 126K consensus for September. This was also higher than the previous month’s…
Daily Broad Market Recap – October 1, 2024
Volatility was relatively subdued for most asset classes early on with the exception of crude oil, as geopolitical headlines were front and center, before risk-off flows picked up. Meanwhile mixed U.S. leading…
4 Factors That May Sabotage Your Deliberate Practice
We here at BabyPips.com have always stressed the importance of deliberate practice to help improve your forex trading skills. Deliberate practice refers to the mindful process of repeating tasks to improve your…
Event Guide: Switzerland CPI Report (September 2024)
The SNB recently shared its expectations that inflation could decelerate at a faster pace. Is that what we’ll see in Switzerland’s September inflation data? Here are points you need to…
Chart Art: WTI Crude Oil (USOIL) Is Testing A Key Area Of Interest!
After a sharp upswing earlier this week, U.S. crude oil prices are back at a key area of interest. Is the second time the charm for WTI bulls? We’re taking a closer…
Chart Art: Can GBP/CAD Sustain Its Uptrend?
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…
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…