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…
Chart Art: EUR/GBP Testing Descending Channel Support
This forex pair has been cruising lower inside a falling channel on its 4-hour time frame, and it looks like another test of support is taking place. Will it bounce or break…
Daily Broad Market Recap – December 2, 2024
It was a rally and reverse kind of Monday for the U.S. dollar, as traders returned from their Thanksgiving holidays eager to price in NFP expectations and Fed policy biases. Commodities like…
10 Things You Need to Start Your Trading Hustle
Thinking of trading as a side-hustle or a full-time job? Whether you’re working from home or in between jobs, it’s definitely possible to earn extra income from trading. But before you jump…
FX Watch: AUD/USD and GBP/AUD’s Opportunities in Case of Weak Australian GDP
Australia is dropping its Q3 2024 GDP this week! Our Australian GDP Event Guide points out that continued weakness in consumer spending and imports outpacing exports may lead to another weak…
Chart Art: EUR/USD Looks Set to Extend a Months-Long Trend!
Trend traders huddle up! EUR/USD is chillin’ like a villain near a key resistance zone just as the Euro Area is printing PMI reports and the U.S. is dropping key labor market-related…
FX Watch: EUR/AUD and AUD/CAD Trends for an Upbeat Australian GDP Report
Australia’s upcoming quarterly GDP release could make or break RBA policy expectations, as another strong print could support their hawkish views. Our Event Guide for the Australian Q3 GDP noted a…
Week Ahead in FX (Dec. 2 – 6): Australian GDP, Canada’s Jobs Data & NFP Report Due
Only a handful of top-tier catalysts is on this week’s docket, but these major reports could still spark big moves in the forex market. The main focus could be the…
Event Guide: Australia’s GDP Report (Q3 2024)
The Land Down Under is about to print its economic report card for Q3 2024! Did growth improve slightly as the Reserve Bank of Australia (RBA) expected? Or were there weak…