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Dollar’s Friday Breakout Potential: EURUSD, GBPUSD, AUDUSD and USDJPY

Posted by By 17/02/2023Posted inForex
Risk assets were under pressure through the close of the New York session, but critical technical were still in place for benchmarks like the S&P 500. Could the market overcome…
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Natural Gas Prices Turn Towards the Floor of Bearish Rectangle, Will Support Hold?

Posted by By 17/02/2023Posted inForex
Natural gas prices extended losses for a second day in a row, once again placing the focus on the floor of a Bearish Rectangle chart formation. Will the commodity break…
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S&P 500 Underwater but Exuberance Hasn’t Yet Cracked – What Now for Stocks?

Posted by By 16/02/2023Posted inForex
The S&P 500 has lacked strong directional conviction in recent days after the powerful rally earlier in the year, but the balance of risks appears to be tipping to the…
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USDCAD Outlook Has Distinct Technical Levels to Work With

Posted by By 16/02/2023Posted inForex
In indecisive markets – which we are currently facing – markets tend to better abide high profile technical boundaries. With USDCAD, there is a well established range from the past…
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Gold Prices Charge Toward Fibonacci Support as Markets Bet on Higher Fed Peak Rates

Posted by By 16/02/2023Posted inForex
Expectations that the Fed’s terminal rate will settle higher than initially thought are likely keep yields and the dollar biased to the upside, creating a negative environment for gold prices
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Bitcoin Price Outlook: Speculative Buying Sends BTC/USD, ETH/USD to Multi-Month Highs

Posted by By 16/02/2023Posted inForex
Bitcoin and Ethereum have risen to multi-month highs despite rising inflation and rising pressure on the Fed to raise rates.
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EUR/USD Update: EURUSD at Decision Point as the ECB’s Doves Weigh in

Posted by By 16/02/2023Posted inForex
The ECB’s well known doves Fabio Panetta and Chief Economist Philip Lane are due to speak today and EUR/USD drifts back towards support
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S&P 500, Nasdaq 100 Price Action – Pushing Higher Against Market Wisdom

Posted by By 16/02/2023Posted inForex
US equity markets are pushing marginally higher despite a stronger US dollar capping overall risk sentiment. Can equity markets continue to ignore the greenback
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GBP/USD Grinds Higher Following its Worst Day of Losses in 2 Weeks

Posted by By 16/02/2023Posted inForex
GBP/USD remains vulnerable as bears eye a sustained break of the psychological 1.2000 level. Will hawkish rhetoric from Fed Policymakers give it a push?
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Crude Oil Price Forecast: Brent Finding its Footing on Revised Demand Outlook & Weaker USD

Posted by By 16/02/2023Posted inForex
Brent crude oil prices are in for a rollercoaster trading day with multiple Fed speakers and some important US economic data programed throughout the day.
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