Market News

Uncle Sam is about to release the ISM manufacturing PMI today! Will this leading jobs indicator take USD/CHF above or below this area of interest?

Welcome to 2022’s last trading quarter! Comdolls will be under the spotlight thanks to RBA and RBNZ’s new policy decisions and Canada’s labor market data. Oh, and it’s NFP week, too!

Sterling volatility was the main event after the U.K.’s surprise tax cut plan announcement last Friday. But fortunately for Sterling bulls the Bank of England stepped in to save the day.

The U.S. is printing the Fed’s preferred inflation gauge so you know we’re looking at dollar pairs today! Check out USD/CHF’s 1-hour chart.

Canada is releasing its monthly GDP report today! Can this spur a breakout from CAD/JPY’s range?

EUR/JPY is trading near a short-term range support. Will the common currency find buyers today?

Missed the pound bloodbath earlier this week? I’m seeing this opportunity to hop in on a bearish GBP/AUD pullback!

Asian session trading was dominated by the pound falling across the board. Can GBP/NZD recover to last week’s levels?

The spotlight is still on monetary policy, as several central bankers are scheduled to give speeches. Oh, and the Fed’s preferred inflation measure is due, too!

The U.S. dollar powered higher as traders took off risk, thanks to fresh interest rate hikes from all around the world and rising odds of global recession ahead. 

EUR/CAD is chillin’ above its rising trend line while the eurozone PMIs are being released. Will support still hold or will Canada’s retail sales spur a reversal?

USD/JPY just retested the big 145.00 for a third time this month! Will we see a breakout in the next trading sessions?

European markets are looking extra jittery, as tensions in Russia are back in the spotlight. Can this pair follow through on its breakdown?

Will USD/CAD extend its pullback ahead of the FOMC policy decision? I’m looking at the 4-hour chart this time!

All eyes and ears are on the FOMC this week! Are they likely to announce a full 1.00% interest rate hike? 

I’m starting the trading week off with a quick look at this textbook trend pullback setup on EUR/GBP. Take a look at these correction levels!

Traders are in for a busy week as we deal with not one, not two, but FOUR new monetary policy decisions in the next few days!

Strong U.S. inflation and worsening global economic data were the likely drivers that favored the U.S. dollar and Japanese yen this week.

A disappointing data release has dragged Cable to its monthly lows. Will GBP/USD head to its multi-decade lows?

Ready to trade the U.S. retail sales release today? Here’s a potential breakout setup I’m watching on the hourly chart of USD/JPY.