If current market pricing is to be believed, US interest rates will be 175 basis points lower this time next year, and that will hit the dollar hard. Next up,…
The European Central Bank (ECB) may have just raised the bar for an imminent break higher in the euro against some of its peers. What is the outlook for EUR/USD,…
The Japanese Yen sunk and then sailed north against the US Dollar this week as markets contemplate the Fed’s action against the Bank of Japan’s non-action. Is the trend intact…
Gold prices aimed slightly higher on Thursday as Fed easing bets and regional bank woes continued to drive market sentiment. Bearish technical patterns are brewing for XAU/USD, however.
Apple’s financial results beat expectations, with both EPS and revenue clocking in above estimates. Shares of the tech company rally after the earnings announcement.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
USD/JPY plunges on Thursday, falling toward an important region of technical support. Meanwhile, AUD/USD charges higher and defies cluster resistance, but subdued market sentiment limits its advance.
Oil markets attempt to recover after a massive two day sell-off. Re-emerging banking fears, higher US interest rates and a deteriorating global outlook weigh on oil
CAD is gaining ground on the US dollar but high impact economic data tomorrow will be in focus possibly resulting in a bull pennant break on USD/CAD daily chart.