Bank of Canada (BOC) members have recently hinted at more interest rate cuts, despite their push for more data dependence. Will November’s labor market data support the central bank’s relatively dovish…
Daily Broad Market Recap – December 4, 2024
It was a very busy day in the financial markets, as investors digested a fresh batch of services PMI data, central bank commentary, and employment figures. Fed Chair Powell’s remarks about economic…
Trade Management Case Study: AUD/USD Bears in Control?
Today’s weaker-than-expected Australian GDP print potentially sets up AUD/USD for continued downside moves in the short-term. With headline growth coming in at just 0.3% versus 0.4% expected, and GDP per capita…
3 Stages Of Deliberate Practice Applied In Trading
Whether it’s the result of unexpected market events or just a poor trade idea, losing money really sucks. What’s worse is that when it happens over and over again, it eventually affects…
Australian Economy Reported Weaker Than Expected GDP Growth in Q3 2024
The Australian economy grew by 0.3% in the September quarter 2024 and 0.8% year-over-year, showing continued growth but at a slower pace than the expected 0.5% expansion, according to data released by…
Daily Broad Market Recap – December 3, 2024
Financial markets showed mixed reactions to labor market data and central bank commentary while also positioning ahead of key economic events. Were risk assets able to maintain their upward momentum despite geopolitical…
Chart Art: Bitcoin (BTC/USD) Remains Supported Inside A Continuation Pattern
Yesterday’s headlines briefly took bitcoin (BTC/USD) under the $94,000 mark, but the OG crypto has since recovered and remains supported inside a potential continuation chart pattern. Let’s take a closer look at…
Trade Management Case Study Update: EUR/GBP
EUR/GBP Has moved favorably for us over the past week, even hitting initial targets before bouncing in the new month. What catalysts are up ahead and what are some ways to adjust…
Trade Management Case Study Update: CAD/CHF
It’s been a choppy ride for CAD/CHF and it doesn’t look like things will get any calmer with top tier updates for the broad markets and the Canadian dollar ahead. Let’s do…
U.S. November 2024 ISM Manufacturing PMI Remained in Contraction As Trade Concerns Surfaced
The Institute for Supply Management (ISM) showed the U.S. manufacturing sector contracted for the eighth consecutive month in November, with the headline PMI rising to 48.4 from October’s 46.5, still below the…