Global Market Weekly Recap: December 9 – 13, 2024
From the Nasdaq shattering the 20,000 barrier to gold’s surge toward $2,700 and bitcoin’s rollercoaster ride, the week’s drama has traders rethinking their playbooks for...
Category : Forex News
How Proper Position Sizing Can Save Your Forex Account
We here at BabyPips.com believe that proper position sizing is THE single most important skill a forex trader should have. Yup, that’s right – it’s THAT critical! But before...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 151.37; (P) 152.11; (R1) 153.20; More… Intraday bias in USD/JPY stays on the upside for retesting 156.74 high. Current development suggests that...
Australia Posted Strong Hiring Growth in November, Jobless Rate Down to 3.9%
Australia’s labor market showed considerable strength in November, with employment growing more than forecasted and the unemployment rate falling to 3.9%. The Australian Bureau of...
Daily Broad Market Recap – December 11, 2024
Risk was ON like Donkey Kong yesterday, thanks to the latest U.S. inflation data all but greenlighting a potential Fed rate cut next week. “Risk”...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8787; (P) 0.8810; (R1) 0.8853; More… Intraday bias remains on the upside for the moment. As noted before, corrective fall from 0.8956...
Daily Broad Market Recap – December 10, 2024
With not a lot of fresh catalysts on tap, traders mostly played on Monday’s themes, and the major assets either extended their moves or pulled...
EUR/GBP Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8267; (P) 0.8279; (R1) 0.8290; More… EUR/GBP’s down trend resumed by breaking through 0.8259 low. Intraday bias is back on the downside...
Event Guide: BOC Monetary Policy Statement (December 2024)
Markets widely expect Bank of Canada (BOC) members to cut its interest rates by another 50bps after a surprise jump in the November unemployment rate.
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GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2704; (P) 1.2758; (R1) 1.2793; More… Intraday bias in GBP/USD is turned neutral again with current retreat. Rebound from 1.2486 short term...
