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Hang Seng Index futures closed up 0.12% at 25,818 points in overnight trading, a premium of 44 points.Flight tracking data shows that some flights are being diverted to avoid Ankara Airport in Türkiye.The Central Bank of Peru said it bought $140 million in the spot market.December 24th - According to the minutes of Tuesdays meeting, prior to the December 10th interest rate decision, the Bank of Canadas Governing Council unanimously agreed that it was difficult to predict whether the next interest rate move would be a hike or a cut. The seven-member interest rate decision committee concluded that two key reasons were the unpredictability of US trade policy and the recent volatility in economic data. At the December meeting, the committee agreed to maintain the interest rate at 2.25%, believing that this level was appropriate to keep inflation near the central banks 2% target, given that the current economic outlook was largely in line with expectations. The Bank of Canada stated that it was prepared to take further action if necessary, whether to curb price increases or boost the weak economy. Money markets predicted that the Bank of Canadas next move would be a 25 basis point rate hike, possibly as early as October 2026. The minutes also showed that the Governing Council considered the 2026 review of the USMCA (United States-Mexico-Canada Agreement) a "significant risk," and the uncertainty of the outcome could dampen business investment.Bank of Canada meeting minutes: GDP is expected to be weak in the fourth quarter.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

  • NFP and Forex: What is NFP and How Does It Work?

    Non-farm payrolls (NFP) are a critical economic indicator for the US economy. It is the amount of new employment created, excluding agricultural workers, government employees, private home employees, and nonprofit organization employees.

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  • 5 Ways to Control Risk When Trading Forex

    Proper risk management is a must if you want to be a successful trader. Continue reading to learn about the risk control techniques that every forex trader should be familiar with.

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  • How To Evaluate Leading Economic Indicators?

    Leading economic indicators forecast the next business cycle phase. Leading indicators help you stay ahead of the curve. This article demonstrates how economic indicators may be used to assess the status of the economy.

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  • How to Trade Forex During the Asian Trading Hours?

    The Asian session is notorious for being the slowest and most difficult session for forex traders. This article will teach you how to trade forex during Asian trading hours.

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  • How to Trade Using the Carry Trade Strategy?

    Carry trading is one of the most basic currency trading methods available. This post will provide you an overview of forex carry trading - what it is, how it works, and how to apply your own carry trade strategy.

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  • How to Enhance Your Moving Average Crossover Strategy

    Moving averages are indicators used in technical analysis. In this essay, I'll show you how to improve on the basic moving average crossover strategy.

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  • How to Use a MACD Crossover to Enter Trades

    The Moving Average Convergence/Divergence (MACD) indicator is a technical indicator that measures the market's momentum and direction by comparing the difference between two exponential moving averages. When the MACD line and the signal line intersect, the MACD crossover occurs, frequently signalling a change in the market's momentum/trend. The MACD is regarded as a very accurate indicator, particularly in trending markets.

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  • The Ascending Triangle: What is it & How to Trade it?

    The ascending triangle, sometimes known as the 'rising triangle,' is a popular mid-trend continuation pattern. Traders predict that the market will continue in the direction of the wider trend and therefore build trading setups.

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