S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead
Next week is a massive outlay of high impact risk events, with CPI on Tuesday and the Fed on Wednesday. Can bulls break the falling wedge that's taken all of…
GBP Weekly Outlook: Resilient Pound Prepares for Data Heavy Week
GBP/USD trades on the precipice of a key technical pattern that could be prompted by next week’s Fed and Bank of England (BoE) rate decisions.
Australian Dollar Outlook: US Dollar Remains in the Driver Seat for AUD/USD
The Australian Dollar recovered from a sell-off against the US Dollar throughout the week, but it had little to do with the RBA hike. If the Fed delivers on their…
Last S&P 500 and Dollar Volatility Charge of 2023 with FOMC, CPI and Much More
The wait is over. We are moving into perhaps the densest week of macroeconomic event risk of the fourth quarter…and what also may prove the last charge of volatility for…
Weekly Technical US Dollar Forecast: DXY Downtrend Still in Focus, Eyes on Falling Wedge
The US Dollar was mostly little changed this past week, but it did give up gains from early on. As the pair struggles around the 200-day moving average, a falling…
S&P 500, Nasdaq 100 Outlook – Thumb Twiddling Ahead of The Fed
US equity markets are biding their time ahead of next week’s significant data releases and events
Michigan Consumer Sentiment Rises: Business Conditions Improve, Inflation Cools
Inflation expectations dropped to the lowest levels in the last 15 months while business conditions for 2023 rose by 14% as consumer optimism rises
USD/CHF IG Client Sentiment: Our data shows traders are now at their most net-long USD/CHF since Nov 17 when USD/CHF traded near 0.95.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.
How to Read a Candlestick Chart
Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.
US Dollar (DXY) Outlook – One Last US Data Drop Before CPI and FOMC Next Week
With traders already looking ahead to next week’s all-important CPI number and FOMC decision, today’s PPI and Michigan Confidence releases should not be disregarded.