Fundamental Analysis 11/22/2024

Hello,

Welcome back to our daily market digest. My name is Miles Johnson, and I would like to thank you for joining us on the final trading day of the week.

Today, we analyzed our fundamental data released thus far and compared it to the current market conditions. It appears that the GBP and euro are currently experiencing significant challenges. In contrast, the CAD released information after our video concluded, resulting in a strong but mixed trajectory.

The GBP pairs are particularly affected, as GBP’s performance has been subpar. However, this information presents an opportunity for us, as we were able to identify during our pre-analysis review today. Almost all GBP pairs, except for the Swiss franc, are correlated.

Now, it is your responsibility to identify the most promising trading opportunities while simultaneously utilizing correlation to filter out both profitable and losing trades.