GBP/USD Edges Higher Despite UK GDP Shrinking More Than Expected in Q3
UK GDP Shrank more than expected in Q3 as recession fears received further validation. GBP/USD flirts with the 200-day MA, Break or Bounce…?
US Dollar Slides As Markets Take Stock Ahead of Holidays. Where to for USD?
The US Dollar is weaker today as markets appear to be putting the cue back in the rack ahead of the holidays next week. Will thin trading conditions undermine the…
Japanese Yen Recoils Amid Recalibration After BoJ Shock. Will USD/JPY Go Lower?
The Japanese Yen appears perplexed against the US Dollar as markets try to decipher the implications of the Bank of Japan’s shift in yield curve control. Where to for USD/JPY?
Australian Dollar, S&P 500 Gain as Nike Earnings, Consumer Confidence Boost Markets
The sentiment-linked Australian Dollar climbed alongside the S&P 500 as an improvement in risk appetite boosted markets, driven by rosy Nike earnings and US consumer confidence data.
VIX Collapse Lifts the Equities, EURUSD Extreme Range with Limited Time
We are feeling the effects of holiday liquidity expectations. While enthusiasts may consider the S&P 500’s rebound this past session a mark of conviction, it likely has more to do…
S&P 500, Nasdaq, Dow Jones Forecast: Key Support Bounces Now in Play
The S&P 500, Nasdaq and Dow Jones all ran into key support levels to start this week – which led to today’s bullish response. But can buyers still push a…
USDJPY Bearish Break Was Dramatic, But Liquidity Can Tame Even That Move
The breakdown from USDJPY – and most Yen crosses – following the Bank of Japan’s surprise tightening of its monetary policy was certainly dramatic. It may also prove a fundamental…
Gold Price Forecast: Gold Sets Up for Breakout, 1850 Awaits
Gold prices have been resilient through the equity swings over the past couple of weeks and buyers have held the line – but can they force another break?
USD Breaking News: Consumer Confidence Beats Estimates for December, DXY Edges Lower
US CB Consumer Confidence rises on the back of two consecutive months of declines. A continuation of a recent trend saw big ticket purchases remain under pressure as consumers preferences…
UK Brent Oil Hinting Bullish Sentiment as Oil Supply Set to Drop
With UK Oil supplies set to drop, might a change in trend be on the horizon?