High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before […]
Canada October budget balance C$-1.49 billion vs previous C$-3.17 billion
Budget Deficit: Canada recorded a slightly lower budget deficit of C$14.50 billion ($10.09 billion) for the first seven months of the 2024/25 fiscal year compared to C$15.13 billion […]
Canada’s NDP says they will vote to defeat the Liberal government
Jagmeet Singh and Justin Trudeau The NDP has been the propping up the minority Liberal government since the 2021 election. It was a formal alliance for most of […]
US stocks continue to rise. NASDAQ index 202 points after being down -204 points at lows
The major US indices have continued their runs to the upside as the fears of a government shutdown fades, and comforting words from Fed Goolsbee (he is a […]
European equity close: Down but well-above the lows
It was looking like a brutal day for European stocks but there has been a major turn in markets following the better PCE report and dip-buying ahead of […]
US Congress may vote on three separate bills
CNN’s Sahil Kapur reports on a new plan to vote on three separate bills in Congress: Clean continuing resolution Disaster relief Agriculture/farmer aid The key here is what’s […]
Our INTC trade idea filled its first buy order
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before […]
GBPUSD breaks higher. The next key target area between 1.2596 and 1.26147
The GBP/USD has extended its recovery after reaching its lowest level since May 10, with the decline bottoming out at 1.24739, just below the November low at 1.24865. […]
Trump to demand NATO members spend 5% of GDP on defense – report
Currently the NATO target is 2% of GDP and 9 of the 32 members don’t even hit that. According to the FT, Trump’s team has told European officials […]
USDCHF reaches its 200 hour MA and swing area target
The USDCHF fell below its 100 hour moving average, swing area and upward sloping trendline near 0.8956. That tilted the short-term bias to the downside. That momentum continued […]