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Dow Jones, S&P 500 Plunge as SVB Financial and Silvergate Bank Drive Financial Woes

Posted by By 10/03/2023Posted inForex
The Dow Jones, S&P 500 and Nasdaq 100 plunged on Thursday as SVB Financial Group and Silvergate Bank drove risk aversion in the financial sector. Asia markets are bracing.
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US Dollar Setups: Key Tech Levels on EUR/USD and USD/CAD ahead of NFP

Posted by By 09/03/2023Posted inForex
U.S. dollar forex pairs are likely to experience volatility near term with the NFP report on tap for Friday. This article discusses the key technical levels to watch in EUR/USD…
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Gold Price Forecast: XAU/USD Rebounds Ahead of Key US NFP Report

Posted by By 09/03/2023Posted inForex
Gold prices have recovered from their recent slump, buoyed by a softer Dollar and lower yields. Key US NFP data could assist in driving XAU/USD’s next move.
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S&P 500 Outlook: All Eyes on US Jobs Data, Good News May Be Bad News for Stocks

Posted by By 09/03/2023Posted inForex
The S&P 500 moves without conviction on Thursday as traders avoid taking large directional bets on risk assets ahead of Friday’s U.S. jobs report – the next big catalyst for…
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USD/JPY Price Forecast: BoJ Meeting, NFP and US Hourly Earnings in Focus

Posted by By 09/03/2023Posted inForex
USD/JPY looks to key economic data tomorrow in conjunction with the Bank of Japan interest rate meeting.
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USD/CAD IG Client Sentiment: Our data shows traders are now at their least net-long USD/CAD since Oct 02 when USD/CAD traded near 1.38.

Posted by By 09/03/2023Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
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US Dollar (DXY): Is This The Calm Before the NFP Storm?

Posted by By 09/03/2023Posted inForex
The latest US Jobs Report (NFPs) will be released on Friday and a further confirmation of a robust jobs market will send the US dollar higher going into the weekend
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GBP/USD Price Forecast: Cable Enjoying a Bounce Ahead of UK GDP and NFP Data Releases

Posted by By 09/03/2023Posted inForex
Cable is looking to recover some losses following Tuesday’s selloff with a weaker dollar index and a lack of high impact data likely to work in its favor.
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Euro Dollar Forecast: EUR/USD Turns Cautious as Traders Eye NFP’s

Posted by By 09/03/2023Posted inForex
EUR/USD has fallen into another tight range after markets continued to digest Fed commentary and rate expectations. US NFP’s take center stage.
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AUD/USD Price Forecast: Australian Building Permits Hits 12-Month Low

Posted by By 09/03/2023Posted inForex
The Australian dollar is still under immense pressure despite a marginal comeback as AUD/USD hovers around the 0.6585 swing low.
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