Iron ore dips on Chinese export woes, but resilient demand limits losses

Iron ore dips on Chinese export woes, but resilient demand limits losses
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Iron ore dips on Chinese export woes, but resilient demand limits losses
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BofA reports USD short trade conviction falls to lowest since Liberation Day Source link
Demo trading is important for building skill development and trading psychology before putting real money on the line. Problem is, lots of traders slack off after a while. They question why they should even waste their time on demo trading when they can “speed up” the learning curve by going live already. It not only…
After a Monday meltdown, risk-on currencies like the AUD & CAD were able to take the top spot thanks to positive U.S. surprises and net positive individual themes. Source link
The USD/CAD forecast indicates a brief rebound in the pair ahead of policy meetings. US retail sales rose by 0.6%, well above the estimate of a 0.2% increase. Data from Canada showed that inflation eased by 0.1%. The USD/CAD forecast indicates a brief rebound in the pair ahead of central bank meetings in Canada and…
Hello fellow traders! In this technical article, we’ll be discussing GOLD (XAUUSD) and sharing some charts that we’ve presented to the members of ElliottWave-Forecast. As our members know, GOLD is showing higher high sequences in the cycle from the December 18th low, which suggests a further rally in the commodity. Recently, GOLD completed a 3-wave…
Canada’s economy expanded by 0.3% qoq in Q3, down from 0.5% qoq growth recorded in Q1 and Q2. Household and government spending provided support to overall GDP, but their contributions were offset by slower non-farm inventory accumulation, reduced business capital investment, and a decline in exports. On a per capita basis, GDP contracted by -0.4%…