Free Trade Ideas

Welcome to Mid-Week Trade! The markets have been topsy-turvy to open December. Prices have been all over the place as traders price the impact of next week’s Fed meeting, war possibilities in Venezuela, and global economic conditions. As we roll toward 2026, uncertainty appears to be the rule.
During the US pre-market hours, the ADP Non-Farm Employment Change for November hit the newswires. -32,000 jobs was the print. This figure disappointed expectations of 5,000 and came in well under October’s 47,000. The ADP Non-Farm Employment Change measures the monthly change in private sector jobs; it is based on payroll data submitted by 400,000 US businesses. Without question, today’s -32,000 is an extremely negative number. In fact, it’s the biggest decline since March 2023.
Subsequently, the USD is off 0.35% on the session. For the USD/CAD, the bears are in control and driving the market to a significant support zone:
13-Month EMA, 1.3928
Monthly 38% Fibonacci Retracement, 1.3910
It feels like holiday season trading is already here. Market conditions have slowed, and price action is somewhat choppy. This is certainly true for the USD/CAD. Don’t get complacent — there are opportunities to be had. Check out our Key Levels for details on this USD/CAD Trade Idea.
That’s all for now. See you at today’s Switch Markets Live Trading Webinar: How To Trade Commodities (1:00 PM EST, Switch Markets on YouTube https://www.youtube.com/@switchmarkets/streams)