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Dollar/CAD: Ready for a Rebound? Jerome Powell’s recent signals have traders speculating on a potential rebound in Dollar/CAD. Is the market poised for a shift? Dollar/CAD has been under considerable pressure lately, with the pair reflecting broader trends in U.S. dollar weakness. However, this week brings a series of crucial U.S. labor data releases, including … Read more

Oil Markets: OPEC’s Next Move Oil markets are under renewed pressure this morning following reports that OPEC+ plans to gradually increase production starting in October. This strategic decision, coupled with weaker-than-expected economic data out of China, has exerted downward pressure on oil prices, leading to concerns about the near-term outlook for the energy sector. As … Read more

Swiss Franc: Potential Catalyst Ahead Tomorrow’s Swiss CPI data release is shaping up to be a crucial event for currency traders, especially those focused on the Swiss franc. With market expectations leaning towards a softer inflation print, the data could have significant implications for the Swiss National Bank’s (SNB) upcoming rate decision at the end … Read more

Labor Market in Focus: Key Data Ahead As we embark on a critical week for financial markets, the focus is squarely on the US labor market. The Federal Reserve’s recent shift in emphasis from inflation control to employment stability has elevated the importance of this week’s job data. Starting with JOLTS job openings on Wednesday, … Read more

Federal Reserve’s Dual Mandate: Focus on Employment In the realm of technical analysis, certain patterns can provide traders with early signals of potential market reversals or continuations. One such pattern that has recently emerged in the S&P 500 is the bullish piercing line, a formation that has garnered significant attention following Nvidia’s earnings report. This … Read more

Federal Reserve’s Dual Mandate: Focus on Employment The Federal Reserve’s dual mandate of promoting maximum employment and maintaining stable prices has long been a balancing act. Traditionally, inflation has been the primary concern, especially in periods where price levels were rising rapidly, threatening the purchasing power of consumers and the broader economic stability. However, in … Read more

Dollar at Support: Waiting for a Dovish Trigger The US dollar finds itself at a pivotal moment, hovering near a critical daily support level that could determine its next move. After a short period of relative strength traders and investors are closely watching for any dovish signals that could push it lower. The dollar’s current … Read more

S&P 500: Bullish Piercing Line Pattern in Focus The S&P 500 has been navigating a turbulent landscape, yet it continues to show resilience, especially following the recent earnings report from Nvidia. Although Nvidia’s earnings beat expectations, it wasn’t the blockbuster result the market had been hoping for, leading to a 5% dip in pre-market trading. … Read more

The Importance of the US Labor Market in Fed Decisions Jerome Powell’s recent remarks have highlighted a significant shift in the Federal Reserve’s focus, placing greater importance on the US labor market than on inflation. This change marks a departure from the Fed’s previous emphasis on controlling inflation, signaling that employment data will now play … Read more

S&P 500: Dip Buyers Still in Control? The S&P 500 has been on a rollercoaster ride, but one thing remains clear: dip buyers are still very much in control. Recent market volatility has created opportunities for those looking to buy into the market at lower levels, and so far, this strategy has paid off. Jerome … Read more