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WTI Tests Biden’s Price Range for SPR Refills after Yesterday’s Fresh Yearly Low

Posted by By 08/12/2022Posted inForex
The WTI bear trend continues despite OPEC+ output cuts and positive re-opening news out of China. Can Biden’s target price for SPR refills act as an artificial price floor?
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USD/CAD Eyeing Upside Breakout Following Dovish BoC Rate Hike

Posted by By 08/12/2022Posted inForex
The Bank of Canada hiked rates by 50bps accompanied by a dovish outlook keeping USDCAD on the offensive. YTD high looks vulnerable as FOMC approaches.
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AUD/USD Forecast: Aussie Steady but Key 0.67 Level at Risk

Posted by By 08/12/2022Posted inForex
AUD/USD is trading at key technical levels that may result in a weaker Aussie dollar ahead of next week’s Fed rate decision.
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Japanese Yen Struggles Against a US Dollar Finding Firmer Footing. Higher USD/JPY?

Posted by By 08/12/2022Posted inForex
The Japanese Yen dipped today as GDP weighs and the US Dollar regains its ascendency with building concern for a significant slowdown next year. Where to for USD/JPY?
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Euro Bumped up by US Dollar Weakness and a GDP Beat. Where to for EUR/USD?

Posted by By 08/12/2022Posted inForex
The Euro has steadied against the US Dollar on Thursday as the market ponders the path of Fed rate hikes and technical resistance levels remain overhead for now. Will EUR/USD…
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Crude Oil Price Outlook: WTI Set for Worst Week Since March? Falling Wedge in Focus

Posted by By 08/12/2022Posted inForex
Crude oil prices are nearing a 10 percent loss this week, which would be the worst since March amid rising recession woes. WTI appears to be trading within a Falling…
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S&P 500 and USDJPY Abide Technical Ranges Even as Volatility and Recession Fears Grow

Posted by By 07/12/2022Posted inForex
The economic docket is thinning out, shifting the focus from imminent volatility catalysts to anticipation for the heavy fundamental seas next week. That may or may not chasten the recent…
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Bitcoin Falling Wedge, Ethereum Triangle: Continued Consolidation

Posted by By 07/12/2022Posted inForex
Bitcoin and Ethereum have been relatively calm given the headlines, with each market consolidating over the past few weeks.
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Gold Builds Range But Fed Rate Decision and Recession Risk Adding Pressure

Posted by By 07/12/2022Posted inForex
The false break reversal from Gold after the short-lived rally above the 200-day moving average has itself run out of momentum quickly, with the commodity up 1.1 percent Wednesday. While…
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Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD

Posted by By 07/12/2022Posted inForex
The Canadian Dollar has been one of the weakest currencies in the world over the past few weeks and the Bank of Canada just took a dovish turn – can…
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