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Learn Forex Trading With BabyPips.com
30.10.2024
Will the BOJ sit on its hands for yet another meeting? Here's what markets are expecting for the upcoming central bank announcement!
Australia's inflation may have cooled in Q3, but components of the report point to an extended period of tight monetary policies. What's up with that?!
Is there a chance the Bank of Japan (BOJ) can sound more upbeat in this week's policy statement? Check out these potential breakouts setups I'm watching on NZD/JPY and CHF/JPY!
If Japan's recent data are any clue, BOJ members may have less room to maintain their hawkish biases in October. Will this lead to more yen weakness?
Market correlations appeared to be out of sync in the latest trading sessions, as crude oil had its own thing going while U.S. equities reacted to earnings data.
29.10.2024
USD/CHF can't seem to bust through a key technical resistance zone! Is it time to short the Greenback against its fellow safe haven?
If Australia's inflation eases as the markets expect, RBA members may be convinced to shift to a more dovish stance which could weigh on the Aussie.
The coast was clear in terms of top-tier economic releases on Monday, but there was no shortage of major moves among major asset classes. Check out the headlines that are driving price action.
Will Australia's CPI reinforce the RBA's policy stance? Or will the inflation numbers convince policymakers to change their biases?
Most home-based traders face more kinds of distractions that can take their eyes and mind off trading. Here are some tips on staying focused.
Do you think Australia could post another hotter-than-expected CPI report and keep hawkish RBA expectations in play? Check out these potential support zones on AUD/NZD and AUD/CHF!
The tech-heavy Nasdaq 100 ETF finds itself at a critical juncture just as tech giants prepare to release earnings! Will earnings fuel a sustained breakout above the rising wedge?
28.10.2024
This week our currency strategists focused on the Bank of Canada interest rate statement and the Euro Area PMI survey updates for potential high-quality setups.
As the BOJ, global data releases, and U.S. jobs take the stage, traders will be sizing up each report for clues on future rate paths and growth momentum.
Cable has just halted a downswing around a potential technical support zone! Will GBP/USD find enough demand at the level to extend a long-term trend?
26.10.2024
The fear of success can be just as real and detrimental to some traders, just as the fear of failure. How can you ensure you're not sabotaging your progress?
We saw a tug-of-war between rising bond yields and safe haven flows, as investors digested mixed data, inflation and geopolitical concerns, and election-related uncertainties.
Rising U.S. yields and geopolitical tensions dominated this week, driving safe-haven flows and broad dollar strength. We're detailing how the major currencies moved around!
25.10.2024
Bitcoin busted through a long-term triangle consolidation pattern to suggest that a major trend is in the works. Where could BTC/USD be headed next?
The flash PMI readings from the eurozone painted a mixed picture of the economy, as improvements were seen in Germany but France reported a slowdown in both manufacturing and services sectors.
The market spotlight was on global flash PMI reports, which printed mixed results across major economies. How did asset classes and currencies fare?
24.10.2024
If you want to make money in forex trading and consistently do so, it’s important to review proven trading methods and techniques on a regular basis.
WTI crude oil bulls seem ready to charge once again, as the energy commodity found support at the bottom of a newly-forming triangle pattern. Can it go further north from here?
BOC cut its interest rates by 50bps in October as inflation hit the central bank's targets. How exactly did the Loonie react to the news?
Missed this triangle breakout on AUD/JPY? The pair could still be in for a quick pullback before gaining traction on its climb! Or is momentum already fading?
The major assets were all over the charts on Wednesday. U.S. Treasury yields continued to rise, boosting the U.S. dollar higher and dragging gold prices lower.
23.10.2024
France, Germany, and the Euro Area are printing their October PMIs this week! What are the markets expecting and how may the releases affect the euro's intraweek trends?
Gold prices have been on a tear these days thanks to all that market uncertainty. Is it high time for a correction soon?
The Euro Area is about to drop the first October business surveys! Word around is that we could see better numbers compared to the previous month.
We've got a fresh round of eurozone PMI readings comin' right up, giving an early glimpse into the region's performance this month. Here's what I'm looking out for in case the numbers look grim.
There were no major data releases, which left the major assets exposed to current market themes and increasing concerns about the U.S. economy.
22.10.2024
Your first job as a trader is to not lose your money. Here are common trading rules you may have missed that killed your “good” trade idea.
The BOC might cut its rates again! What are the markets expecting from the release and how does CAD usually react to the event?
The markets see the BOC cutting rates again this week. But the central bank's moves may be priced in, leading to potential rallies for CAD after the BOC's event.
Is the Bank of Canada (BOC) likely to announce a mega 0.50% interest rate cut this time? Here's what's on my radar for AUD/CAD and CAD/JPY in case the BOC gives an extra dovish policy announcement.
Major assets saw volatility despite a lack of top-tier data. Oil was supported by escalating Middle East tensions, while gold dipped after hitting fresh record highs.
21.10.2024
This euro pair is hanging out at the very top of its range on the 4-hour time frame, still deciding whether to go for a bounce or a break. Check out these inflection points on my radar!
We've got another major central bank decision lined up, plus a fresh batch of global PMI readings! Here's what to expect for this week's top-tier events.
This week our currency strategists focused on the New Zealand CPI update and the Australian employment update for potential high-quality setups.
WTI crude might catch a bid from a trend line support that’s been holding since early September. What do you think of this 4-hour setup?