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…
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…