Economic Calendar (08-13/12/2024)
Stay prepared for the markets! Analyze the key events for next week and make well-informed decisions to stay on track with your strategies.
[CAD/JPY] Bank of Canada (BOC) Rate Cut Expectations
Last week, Canada’s November employment report showed that while the number of employed people exceeded expectations, the unemployment rate rose significantly from 6.5% in the previous month to 6.8%. This …
[USD/JPY] Consolidation Continues
Last week, the movement of the USD/JPY exchange rate was limited to a narrow range of about 2.6 yen. The tug-of-war between the dollar and yen has made it hard …
[XAU/USD] Consolidation Continues
Last week, the sudden declaration of martial law in South Korea caused market turmoil, leading to increased gold purchases. Geopolitical risks, including the ongoing tensions between Ukraine and Russia, as …
Basic Japanese Candlestick Patterns
You have learned the body of candlestick in the previous week. Do you know that candlestick have many patterns? We will learn the basic pattern today.As a beginner, this is …
[EUR/USD] French Political Uncertainty Eases
French political uncertainty grew after the approval of a no-confidence vote against the government, leading to increased selling of the euro. However, far-right leader Marine Le Pen calmed fears by …
[USD/JPY] BOJ Rate Hike Speculation and Jobs Report
During Tokyo trading hours, comments from BOJ board member Nakamura, stating, “I am not opposed to a rate hike,” caused the USD/JPY to drop. The pair started at 150.77 yen …
[XAU/USD] Gold Faces Competition from Bitcoin
Gold prices dropped in the New York market even though U.S. long-term interest rates decreased. Gold has been struggling to rise, and its upward momentum remains limited. This decline is …
[AUD/JPY] Australian GDP Falls Below Expectations
With the unrest caused by South Korea’s emergency situation calming down, risk-off sentiment eased. In the Tokyo market, the AUD/JPY (Australian Dollar/Japanese Yen) pair saw early buying and rose to …
[USD/JPY] Bank of Japan Likely to Hold Off on Rate Hike
During Tokyo trading hours, reports from some news agencies suggested that the Bank of Japan (BOJ) might hold off on raising interest rates at their December meeting. This news pushed …