Latest Market News

The market major began the week by growth. The current quote is 1.0540. The US dollar got trapped by market inferences and previous comments of the Fed’s head Jerome Powell. First, Powell allowed for a more loyal attitude to the interest rate at the December meeting, and then investors came to their own conclusions based […]

10 Essential Tips For New Traders If trading is new to you, you might feel lost right now. This is normal! Even though trading can be a difficult and complex activity, it can also be incredibly profitable. Bellow you will find some essential tips if you want to be a successful trader. 10 Essential Tips […]

US November Payrolls gained 263K, according to the report released by the BLS on Friday. The reading beat estimates however MoM growth was the lowest since April last year. Consensus estimate was 200K, October reading was revised up to 284K. Unemployment level remained unchanged at 3.7% which was in line with the forecast.  In the […]

Daily Market Outlook, December 2, 2022  ‘Markets Marking Time Ahead Of Non-Farm Payrolls Release Wall Street took a breather following the post-Powell-inspired rally, consolidating above the 4000 level, some softer manufacturing data was digested along with several Fed members who reiterated the call for a focus on fighting inflation with restrictive monetary policy. Asian markets […]

CADJPY Sell Off Continues CADJPY has been one of the best short plays of recent weeks, driven by weaker oil prices and a higher JPY. With global recessionary fears mounting as we push into the winter in the West, uncertainty around developing events in China, and a shift in USD outlook, JPY has emerged as […]

NFP Up Next All eyes are on the latest set of US labour reports today. With the US Dollar heavily sold in the run up to the release, expectations are primed for further USD sales into the weekend. Indeed, on the back of dovish comments from Fed’s Powell earlier this week and with core PCE […]