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Week Ahead in FX (September 2 – 6): A Busy U.S. NFP Week With BOC’s Decision And Global PMI Updates Also Due
Traders are in for a busy week with the BOC’s policy decision and global PMI updates adding to the usual U.S. NFP drama.
Event Guide: U.S. ISM Manufacturing PMI (August 2024)
The highly-anticipated NFP report may be the main event on everyone’s radars this week, but the upcoming ISM manufacturing PMI could generate a strong reaction from USD early on.
Premium Forex Watch Recaps: Aug. 27 – 28, 2024
This week our Forex strategists focused on inflation & GDP data, specifically from Australia & the U.S. for potential high quality setups & likely net positive outcomes
FX Weekly Recap: August 26 – 30, 2024
Forex price action was all over the place, with traders looking to individual catalysts for direction in the first half of the week.
Global Market Weekly Recap: August 26 – 30, 2024
The major assets were everywhere as they took their cues a bit more from individual asset catalysts over broad risk sentiment narratives. Which headlines made the biggest waves?
U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
The latest U.S. economic data shows inflation remaining stable in July 2024, while consumer spending increased, according to figures released today by the BEA.
5 Common Trading Biases You Might Be Unaware Of
Having trading biases can impair our ability to read the markets objectively and make good trading decisions. The first step to overcoming these biases is to become fully aware of them.
Chart Art: EUR/NZD Long-Term Range Support
After getting rejected on its long-term range resistance, EUR/NZD now seems to have its sights set back on testing support. Will the floor hold again?
Daily Broad Market Recap – August 29, 2024
Financial markets waited eagerly for the U.S. preliminary GDP release for the most part of the day, and the numbers did not disappoint! Which other headlines pushed asset classes around?
U.S. Q2 2024 GDP Revised Higher Thanks to Stronger Consumer Spending
The second version of the U.S. GDP reading was upgraded to show a faster 3.0% expansion in Q2 2024 versus the initially reported 2.8% growth figure.
TA of the Day: Is the Uptrend in GBP/USD Over?
GBP/USD’s strong bullish momentum has paused with a recent pullback below 1.3200. Will the uptrend now resume?
Daily Broad Market Recap – August 28, 2024
A lack of data releases kept traders focused on risk sentiment and this week’s anticipated data releases. Check out which headlines made waves!
Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Support Again?
The top of the descending triangle held as resistance for crude oil this week, putting the commodity back on track to test the bottom. Will support hold once more?
TA of the Day: Bitcoin Fails to Hold Above 60,000! Will the Slide Continue?
A significant move is brewing in bitcoin, but will the market tip towards bulls or bears?
How to Use the Scientific Method in Trading
Having a scientific mindset may just give you an edge in the forex market. Here are some tips on how you can apply it in trading.
FX Watch: USD/JPY’s Potential Reversal In Case Of A Strong U.S. GDP Release
USD/JPY has been trading lower since mid-August when the pair turned lower from the 149.50 levels. Is the pair ready to reverse its downtrend?
FX Watch: Can AUD/USD Sustain Its Uptrend During the U.S. Preliminary GDP Release?
I’m seeing a steady uptrend on the hourly chart of AUD/USD, but it looks like the pair is stalling at its August highs. Could it go for a pullback or a break higher?
Australia’s Inflation Cooled To Multi-month Lows But Remained Sticky High In July
Both headline and core CPIs dropped to multi-month lows in July, but the Australian dollar shot up across the board. What’s up with that?!
Event Guide: U.S. Preliminary GDP for Q2 2024
Who’s ready for the first round of revisions on the U.S. Q2 2024 GDP? Better read up on what markets are expecting for the event and how the dollar could react.
Daily Broad Market Recap – August 27, 2024
With not a lot of data on tap, traders turned to yesterday’s market themes and priced in their biases for reports scheduled later this week.
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