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USD/CAD Rises on Oil’s Slump, Nasdaq 100 Carves Double Top Pattern as Bears Lurk

Posted by By 19/04/2023Posted inForex
The Canadian dollar retreated on Wednesday, pressured by falling oil prices. The Nasdaq 100 also moved lower, with the tech index carving out a bearish double top pattern on the…
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FTSE, S&P 500 Latest: Inflation Concerns Weigh on Risk Appetite

Posted by By 19/04/2023Posted inForex
UK CPI has led markets to anticipate a further 75 basis points of hikes to year end - weighing on the FTSE. Prominent Fed hawks have their say as S&P…
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Gold (XAU/USD) Price Under Yield Pressure, Support Level Nears

Posted by By 19/04/2023Posted inForex
The precious metal is testing near-term support as short-dated US Treasury yields press higher.
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Breaking News: UK Inflation Holds Above 10% for the 7th Consecutive Month

Posted by By 19/04/2023Posted inForex
GBP/USD remained quietly cautious after elevated inflation data ‘hawkishly’ re-priced the BoE’s interest rate path.
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Dow and S&P 500 Price Setup: Earnings Vs Momentum

Posted by By 19/04/2023Posted inForex
The upward momentum in US equities is improving just as earnings downgrades continue as the reporting season picks up steam. Will earnings undermine the rally in stocks?
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Gold Prices Gain as US Dollar Falls, Keep a Close Eye on Bearish Engulfing Follow-Through

Posted by By 19/04/2023Posted inForex
Gold prices gained on Tuesday as the US Dollar fell. XAU/USD remains vulnerable to follow-through after a Bearish Engulfing emerged. How have retail traders changed their exposure?
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EUR/USD Bounces Off Confluence Support as Bulls Reemerge to Assert Market Control

Posted by By 18/04/2023Posted inForex
EUR/USD pivots higher after two consecutive days of declines, with bulls swooping in to defend technical support and to spark a rebound off the psychological 1.0900 level.
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Gold Prices Gain as US Dollar Resumes Drop, XAU/USD Bounces off Channel Support

Posted by By 18/04/2023Posted inForex
Gold regains ground after a subdued performance on Monday, with prices rebounding off channel support near the psychological $2000 level.
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USD/CAD Price Forecast: Canadian Inflation Reiterates BoC Outlook to Pause Rates

Posted by By 18/04/2023Posted inForex
CAD bulls found backing from Chinese GDP, Canadian inflation and weak US building permit data this Tuesday. Loonie now testing a major inflection point.
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Nasdaq 100 Update: US Stocks Gear up for Tech Earnings: Netflix, Tesla

Posted by By 18/04/2023Posted inForex
Netflix and Tesla get the megacap tech stocks underway in the first earnings season of 2023. The Nasdaq has led other US indices as rate expectations and inflation ease
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