Bank Of Canada Rates Decision
Good morning Traders! Today we have the Bank of Canada interest rates decision, and the market is expecting aslower rate of increase, and a smaller interest rates hike of 0.25% which will take theofficial rate to 4.5% EUR/CAD If the rate decision and the follow up press conference will be viewed by the market asbearish […]
Happy NFP Day: Insights, Analysis, and Trading Strategies
Good morning Traders! In the testimony before the US House, FED chair Jerome Powell has said that they have not yet made a decision in regard to the upcoming rates, and that this will depend on the incoming job reports and inflation readings. With that in mind, today’s non-farm payroll numbers may give traders further […]
To Trade or Not to Trade: Navigating High-News Environments
Good morning Traders! It’s not often that we’ll have a heavy news-filled week. Maybe once a quarter or less? This week, from Wednesday onwards, each day is filled with what is likely to be above-average volatility, which adds complete unpredictability into what might normally be a more steady flow of price action. Day traders who […]
Nasdaq Rally
Good morning Traders! US100 The market is in an uptrend on the Daily and the Weekly timeframes, and it is currently overextended from it’s Moving Averages on these timeframes. Drawing the Fibonacci retracement of the latest Daily move, has the 61.8% retracement clustering nicely with the previous Daily Swing High and an area of price […]
The World’s Sugar Cravings: Market Analysis and Trading Strategies
Good morning Traders! Sugar has enjoyed a strong bullish momentum on the Daily, Weekly and the Monthlytimeframes. After the dip below the 10 mark during the start of the pandemic, the markethas been steadily trending higher. After a lengthly consolidation underneath the area of the 20 mark, the market has finallybroken above this area, and […]
Stalking a Move on Soybean Oil: Strategies for Traders
Good morning Traders! It’s rare to see a market where the trend on all the higher timeframes is in agreement. Soybean Oil is currently showing a downtrend on the Daily, Weekly and the Monthly timeframes. Currently the market is in the process of pulling back, after printing another Lower Low, which, once again, is a […]
Market Moves On FED’s Rates
Good morning Traders! Yesterday we received the Federal Funds Rate, where the market was expecting a rise of a quarter of a precent to 4.75% which is what the FED has delivered. Investors went on to cheer comments from Chair Jerome Powell that the “disinflation process has started” and sold off the US dollar. GBPUSD […]