Friday’s solid NFP report drove the AUD/USD to a 4-year low and provided another damage to waning expectations of Fed cutbacks. Prior to the NFP news, markets were only beginning to factor in two Fed cuts this year. Furthermore, it is also conceivable that there won’t be any cuts in 2025 given indications of inflationary […]

GBP/USD is the biggest loser, down 0.7% to 1.2120 levels at the moment. The pair is still poised to chase further downside with sellers targeting the 1.2000 level. The dollar is once again holding firmer in trading today, mostly rising against the euro and pound. It is down against the yen but keeping steady elsewhere. […]

The EUR/JPY cross slips to a three-day bottom, around the 162.60 region, during Thursday’s Asian session after experiencing some fresh selling pressure after two-way, directionless price movements the day before. In response to government data that revealed Japan’s base salary, or regular pay, increased 2.7% in November—the fastest gain since 1992—the Japanese yen (JPY) strengthened […]

According to statistics gathered by forexnews. fxproptech, gold prices in India declined on Thursday. Gold was selling for 7,339.90 Indian Rupees (INR) per gram, which was less than the INR 7,357.66 it was selling for on Wednesday. A day ago, the price of gold was INR 85,818.31 per tola; now, it is INR 85,611.14 per […]

Asia FX declines, while the yen stabilizes on intervention talk. While the Japanese yen steadied as government officials warned of possible intervention, other Asian currencies fell Wednesday as growing expectations of a slower pace of U.S. interest rate decreases bolstered the dollar. Following Washington’s addition of two significant Chinese enterprises to a blacklist of businesses […]

ADP Employment Change likely to signal cooling job market without shaking Fed’s rate cut plans The macroeconomic calendar begins to fill up as financial markets gradually resume their activities following the Christmas break. The United States (US) and President-elect Donald Trump’s proposed tariffs have been the center of attention lately. In the lack of pertinent […]

Even though each transaction only involved a 2% risk of capital, 50 Trades of the Week produced a notional return of +31.45%. Review of 2024 trading statistics (partially transcripted video) Welcome to this week’s “Trade of the Week” on Monday, December 23, 2024. I also wanted to review our statistics because we closed all of […]