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Canadian dollar analysis: USD/CAD knocking on key 1.3605 support

USD/CAD is forming a potential descending triangle pattern into 1.3650 support ahead of key data tomorrow.

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Yesterday 07:33 PM
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Paper trading: advantages and how to

Paper trading began as a way to practise trading before the existence of digital trading platforms. Today, paper trades refer to using demo accounts or other trading simulators to practice trading live markets without risks.

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Yesterday 05:55 PM

BoE lifts interest rates to highest since 2008

A 25-basis point rate hike was mostly priced in, especially in light of the latest inflation data that was released on Wednesday

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FOMC meeting recap: Dollar dives on “dovish hike”

The Fed has toned down its statement to give it flexibility to pause the interest rate hiking cycle in May depending on incoming economic data

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March 22, 2023 06:57 PM

GBP/JPY extends recovery as hot CPI boosts BoE hike odds

The GBP/JPY has been supported by a double dose of bullish factors this week.

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BoE Preview: 25 bps hike and done?

We think the BoE will go ahead with a 25-bps hike and then pause to assess the impact of the previous hikes.

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March 21, 2023 01:30 PM
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European Open: EUR/USD holds above 1.0700 ahead ZEW sentiment report

EUR/USD is trading within a tight range ahead of today’s ZEW report, which suggests we could be facing a breakout of it (one way or another).

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March 21, 2023 05:47 AM
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Currency Pair of the Week: GBP/USD

With the Fed and BoE rate decisions to come, along with some key economic data from both the UK and US, the GBP/USD has to be the currency pair of the week.

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March 20, 2023 01:15 PM
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European Open: Cautious trade to start the week, EUR/AUD in focus

It has been a quiet session overnight, as traders wait to see how Europe reacts to the weekend’s headlines.

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March 20, 2023 05:32 AM
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Backtesting: How to test and refine your trading strategy

Backtesting is a method of testing your trading strategy against historical market data. Learn how it can help refine your strategy.

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March 17, 2023 06:53 PM
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Forex Friday: Bitcoin, Gold, Yields and Yen

In this week’s edition, we discuss Bitcoin, gold, dollar and yields

ECB had to hike by 50 bps but euro slips

ECB provided no forward guidance and/or commitment to future hikes...

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March 16, 2023 01:31 PM

A guide to momentum trading and indicators

Momentum trading is a popular strategy for finding opportunities in short-term volatility. Find out how momentum trading works, and which indicators you can use.

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March 16, 2023 01:30 PM
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European Open: SNB come to the rescue of Credit Suisse, ECB up next

The SNB (Swiss National Bank) has swept in to provide much needed liquidity to Credit Suisse, which should soothe some concerns over risk to the financial system.

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March 16, 2023 06:17 AM
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ECB Preview: 50bps hike may still be on the cards

Hot inflation is likely to outweigh concerns over financial stability, potentially leading the ECB to disappoint market’s substantial re-pricing of policy rates.


US CPI recap: GBP/USD holds above 200-day EMA as inflation meets expectations

The report printed in line with expectations at 6.0% y/y, the smallest annualized gain since September 2021

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March 14, 2023 02:05 PM

US CPI preview: Fed rate expectations dive, USD/CAD tests 1.37

In the wake of the implosion of SVB, traders are dialing down their expectations for Fed hawkishness next week...

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March 13, 2023 02:54 PM

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NFP preview: Have dollar bulls gotten ahead of themselves?

Weighing the data and our internal models, the leading indicators point to a slightly above expectation reading in this month’s NFP report - see why!

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March 9, 2023 02:16 PM

RBA Governor Lowe uses the ‘p’ word

On the back of a 25bp hawkish hike, with hypothesized the potential for the RBA to be nearing a pause. Less than 24 hours later, Governor Lowe comes right out and says it.

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March 8, 2023 03:13 AM

Powell puts a 50bps March hike firmly on the radar, GBP/USD tests 2023 lows

According to the CME’s FedWatch tool, investors are now pricing in a 60/40 shot of a 50bps rate hike in two weeks’ time and that rates could peak above 5.5%.

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March 7, 2023 06:16 PM

Bank of Canada preview: At interest rates peak?

After a combined 425 basis points worth of hikes, the BOC has already signaled it would pause tightening to let the economy digest impact of previous hikes.


European Open: All quiet ahead of Powell’s testimony

Market mostly traded in tight ranges ahead of Jerome Powell’s highly anticipated testimony to the House, which has the potential to be a volatile event.

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March 7, 2023 05:34 AM
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The RBA hike by 25bp – but are they one step closer to discussing a pause?

An initial glance at RBA's statement suggests they are nearing the end of the tightening cycle, and perhaps one step closer to publicly discussing a pause.