ECB Rate Cut Aligned With Market Expectations and Balanced by Explicit Non-Commitment to Any Particular Future Path In Rates June 6, 2024 The ECB’s first interest rate cut since 2016 was by just 25 basis points and clearly telegraphed to market participants in advance. The refinancing rate had been lifted from zero percent sustained for…
Europe Commanding the Spotlight June 6, 2024 Today’s 80th anniversary of the D-Day assault on Normandy Beaches finds Continental Europe at another crossroads. Allied defenders of democracy have struggled to maintain a cohesive response to the challenges posed by the axis of Russia, China and Iran as well as the troubling war between Israel and…
Quick Look: GBP/USD Surge: GBP/USD hits a three-month high of $1.2820, driven by a shift in sentiment from the US dollar. Technical Breakout: Surpasses the previous peak, breaking the ‘Double Top’ pattern, signaling potential bullish momentum. Nonfarm Payrolls Impact: US nonfarm payrolls report on Friday could influence GBP/USD; strong data may boost the dollar. The…
Bank of Canada Rate Cut June 5, 2024 The Bank of Canada’s policy interest rate of 5.0% since July 2023 has been cut to 4.75% in a move to lessen the degree of policy restraint. However, balance sheet normalization is to continue, and the released statement notably does not commit to any particular timetable of…
Another Sign of Cooler U.S. Growth, Which Isn’t an Entirely Unwelcome Thing June 5, 2024 ADP’s monthly calculation of U.S. private-sector employment growth rose by a less-than-anticipated 152k last month. That constitutes the smallest gain since +111k in January. Composite and service-sector purchasing manager readings for the euro area in May of 52.2 (a one-year…
Global-view Trading Club Challenge As of this month , Global View is starting it’s Club dedicated to all traders : Newbie’s, Seasoned Veterans , Surfers, Hobbyists , Amateurs or Full time Professionals … To celebrate it’s birth, we are offering our first of many Trading Club Challenges. Our goal is to bring in as…
Growth Concerns and An Indian Election that Didn’t Pan Out Quite As Expected June 4, 2024 Yesterday’s May U.S. factory PMI release from the Institute of Supply Management surprised investors with a 3-month low 48.7 overall reading and a 7-month low score of 45.4 in new demand. In conjunction with last Thursday’s downward revision of…
Indices play a significant role, offering a broad perspective on market movements. But what exactly are indices, and how can you trade them effectively? In this blog post, we’ll explore the concept of indices, their importance, and how to trade them. What Are Indices in Trading? Indices, or indexes, are statistical measures that track the…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! Trading Advice From A Full-Time Profitable Master In episode 457 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Casey Stubbs sharing trading advice you need to be profitable. Why is it crucial to set…
Beware: Divergences are Not a Trade Signal (nor an Exact Science) One thing that you cannot afford to get mixed up is this: Divergences are an indicator NOT a trade signal. It would be a bad idea to trade solely on the divergences that you believe you see in the market. You would end…