UK FTSE 100 Clings to Support as German Dax Battles Resistance
FTSE and Dax have remained steady, driving prices into clear ranges of support and resistance. While prices look for direction, technical levels hold firm.
USD Breaking News: PCE Price Index Declines Adding Further Pressure on the DXY
US data continues to remain resilient with the Fed meeting now firmly in focus. Slowest PCE increase in 14 months.
GBP Price Outlook: Cable Coils into Narrow Range Ahead of Blockbuster Week
GBP/USD has attempted to trade above the 1.2445 level on a number of occasions now without success and has consolidated into a narrow range. FOMC and BoE next week
EUR/USD Forecast: ECB’s Lagarde and U.S. Data in Focus for Euro Today, Turnaround Looming?
EUR/USD bears may look to capitalize on any U.S. positivity on what has been an overcrowded bullish sentiment of recent.
Japanese Yen (USD/JPY) Trapped in a Narrow Range Ahead of US Core PCE
Inflation in Japan’s capital Tokyo continued to climb, data showed last night, underpinning the Yen ahead of the release of the Federal Reserve’s preferred measure of US inflation, core PCE
Natural Gas Prices Can’t Seem to Get a Break, is There More Pain Ahead?
Natural gas prices can’t seem to get a break as the commodity pushes for a 6th week of losses. Signs of a reversal are lacking but keep a close eye…
Bitcoin Technical Outlook: BTC/USD Rally Stalls
Bitcoin’s technical outlook has improved in recent weeks after repeated breaks above key resistance areas and the pause in recent days appears to be a consolidation. What is the outlook…
Australian Dollar May Rise After US GDP Boosted Dow Jones, S&P 500, Nasdaq 100
The Australian Dollar may rise if Asia-Pacific markets follow the rosy lead set on Wall Street as US GDP data sent the Dow Jones, S&P 500 and Nasdaq 100 higher.
Dollar Extends Pressurized Range, Stocks Attempt to Rally the Bulls, The Real Event Risk is Next Week
Was the better-than-expected US 4Q GDP reading this past session a further tipping point for the bulls? The S&P 500 and Nasdaq 100’s technical response this past session seems to…
Dow Index’s 5-Day Advance Still a Range and Nasdaq 100 Overtakes the 200 SMA
After a significant level of intraday volatility, the major US indices managed to close firmly in the green Thursday. And yet, the backdrop of the market continues to undermine enthusiasm…