DAX 30 & FTSE 100 Wedge Breaks Look Imminent, Catalyst Required
The DAX 30 and FTSE 100 have worked themselves into similar rising wedge patterns that may suggest a break lower is imminent. That said, such a breakdown may be difficult…
Central Bank Watch: BOE & ECB Interest Rate Expectations Update
The ECB’s June meeting is in the rearview mirror, while the BOE is due up in two weeks’ time.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar is down on the day despite the 5% inflation print from this morning. Attention is now shifting towards next week's FOMC.
USD/CAD to Track June Open Range as Post-BoC Bounce Fizzles
USD/CAD may consolidate before resuming the downward trend from earlier this year as it gives back the bounce following the Bank of Canada (BoC) interest rate decision.
Gold Price Outlook: Gold Pops on Hot Inflation- Bulls Eyes Resistance
Gold prices are contracting within the June opening range, just below critical resistance. These are the levels that matter on the XAU/USD technical charts.
Central Bank Digital Currencies: If you can’t beat them, join them?
While cryptocurrencies boom, Central Banks the world over are jostling for supremacy in the CBDC race. Learn about Central Bank Digital Currencies (CBDCs) and how they could reshape the future…
Oil Price Rally Pushes RSI Towards Overbought Territory
A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this year.
U.S. Inflation Accelerates in May at Fastest Pace since 2008, Treasury Yields Tick Higher
The May CPI jumps 0.6% on a monthly basis and 5% annually, the fastest pace since 2008 as the economic recovery kicks into high gear and energy costs remains skewed…
Dow Jones, S&P 500, Nasdaq 100 Technical Outlook in Limbo
The market is hanging out around record highs but lacking momentum; the coming sessions could become important for determining how things play out.
Breaking: ECB to Maintain PEPP Buying at Significantly Higher Pace
No fireworks for Euro as ECB sticks to the script