Author: FX
Our Event Guide for the upcoming BOC decision suggests that Governor Macklem and his team will cut interest rates further in October. But the central bank’s moves may be priced in, leading to potential rallies for the Canadian dollar after the BOC’s event. Here’s why CAD/CHF and EUR/CAD may present legit opportunities in case the decision turns out to be bullish for the Loonie! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus…
Is the Bank of Canada (BOC) likely to announce a mega 0.50% interest rate cut this time? And will they still keep the door open for further easing? Here’s what’s on my radar for AUD/CAD and CAD/JPY in case the BOC gives an extra dovish policy announcement. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The BOC is widely expected to extend its easing cycle with another rate cut! What are the markets expecting from the release and how does CAD usually react to the event? We got the points you need to know if you’re trading BOC’s decision and presser! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
The major assets were all over the charts on Monday despite a lack of top-tier data releases. Crude oil found support from escalating tensions in the Middle East while gold prices turned lower after hitting fresh record highs. How did your other closely watched assets trade? We have the deets! Headlines: As expected, PBOC cut its 1-year and 5-year loan prime rates by 25bps in October RBA Deputy Governor expressed his surprise at Australia’s employment growth strength and said the labor participation rate is “strikingly high” Germany producer price index for September: -0.5% m/m (-0.2% expected, 0.2% previous) U.S. Conference…
The Australian Dollar declines as the US Dollar gains ground due to rising risk aversion. The hawkish sentiment surrounding the RBA could limit the downside for the AUD. 2-year and 10-year US yields stand at 4.02% and 4.19%, respectively. The Australian Dollar (AUD) stayed weak against the US Dollar (USD) on Tuesday, as the AUD/USD pair struggled following a surge in US Treasury yields, which rose over 2% on Monday. This increase was driven by signs of economic strength and concerns about a potential resurgence of inflation in the United States (US). The downside risk of the Aussie Dollar could…
The Murrey Math Fix Period Level strategy, combined with the Commodity Channel Index (CCI) and Support and Resistance (SR) levels, stands out as a powerful and highly effective approach in forex trading. This strategy is celebrated for its ability to offer traders a clear and structured method for analyzing market trends and making well-informed decisions. By integrating Murrey Math’s precise mathematical levels with the momentum indicators provided by the CCI, traders gain a robust framework for navigating the complexities of the forex market with confidence. Murrey Math lines are central to this strategy, offering predefined support and resistance levels derived…
The ROC and Zup Harmonic Pattern Forex Trading Strategy stands out as a particularly powerful approach in the crowded landscape of forex trading. This strategy leverages the ROC (Rate of Change) indicator alongside Zup Harmonic Patterns to offer traders a robust method for pinpointing market trends and reversals. The ROC measures the speed and magnitude of price changes, providing a clear picture of momentum. This momentum data is crucial for understanding whether a trend is accelerating or losing strength, making it an essential tool for informed decision-making. The Zup Harmonic Patterns complement the ROC by identifying specific price structures that…
Investing.com– U.S. stock index futures moved little in evening deals on Monday as a rise in Treasury yields and caution before a string of major third-quarter earnings kept investors to the sidelines. Futures steadied after a mildly negative session on Wall Street, where a mix of profit-taking and decreased risk appetite saw U.S. benchmarks fall from near record highs. But the Nasdaq rose slightly on gains in NVIDIA Corporation (NASDAQ:), which surged to a record high. The stock rose 0.3% in aftermarket trade. were flat at 5,896.50 points, while steadied at 20,519.50 points by 19:12 ET (23:12 GMT). fell slightly…
UBS on the US election result:The election outcome may not be known for several weeks after the ballot closes on 5 November. The prospect of recounts and legal contests means that the winner might not be known before 11 December, the deadline for states to declare their electoral college votes. And even that date might not fully draw a line under the outcome if the result is still undecided or contested. Investors deferring investment plans in anticipation of the election result therefore need to factor in the potential risk and cost of a potentially long wait.–I very much doubt this.…