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Crude Oil Rises a Third Day from 76 Support as Risk Appetite Adds to Supply Data

Posted by By 30/11/2022Posted inForex
Crude oil prices charged higher for a third straight session, further setting the 76 support level established by the 61.8 percent Fibonacci level of the commodity’s historical range. But what…
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ADP Employment Misses Estimates, Biggest Slowdown Since January 2021

Posted by By 30/11/2022Posted inForex
ADP Employment data miss strengthens the case for a slowdown in rate hikes from the Fed. Will Fed Chair Powell dent market optimism of a slowdown later in the day?
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FTSE 100 IG Client Sentiment: Our data shows traders are now at their least net-long FTSE 100 since Apr 11 when FTSE 100 traded near 7,595.20.

Posted by By 30/11/2022Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
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USD in Review Ahead of PCE data – Inflation Remains a Key Driver of USD

Posted by By 30/11/2022Posted inForex
Recent hawkish rhetoric from the Fed appeared to have little lasting effect on the dollar. Current short USD positioning reveals the market’s bet on lower inflation
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Top 10 Candlestick Patterns To Trade the Markets

Posted by By 30/11/2022Posted inForex
Discover the 10 most reliable candlestick patterns for trading the financial markets.
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EUR/USD Update: Euro Area Inflation Declines for the First Time Since July 2021

Posted by By 30/11/2022Posted inForex
EUR/USD bounces on Euro Area inflation beat. Long-term direction still unclear as markets await Fed Powell speech and NFP data.
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Big Mistake Leads Technical Trader to Top Three Tools

Posted by By 30/11/2022Posted inForex
Developing your strategy comes at a cost –often a lot of time, money and frustration. Sometimes this process can be orderly and structured- it wasn’t for me.
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Gold Price (XAU/USD) Edgy as Short-Dated US Yields Rise Ahead of Fed Speech

Posted by By 30/11/2022Posted inForex
The precious metal is stuck in a holding pattern, waiting for Fed chair Jerome Powell’s speech on the Economy, Inflation, and the Labor Market, later in the session.
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US Dollar Slides Ahead of Fed Chair Comments While Equities Weigh Growth Prospects

Posted by By 30/11/2022Posted inForex
The US Dollar is on the back foot again ahead of commentary from the Federal Reserve Chair. If the Fed remains hawkish, will the market listen and it rescue the…
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Hang Seng Index Technical Outlook: Upside Could Be Limited

Posted by By 30/11/2022Posted inForex
The upward momentum in the Hang Seng Index (HIS) appears to be fading suggesting that the one-month rebound could have limited upside from here. What is the outlook and the…
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