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S&P 500 Faces Its First Serious Range Break Threat with Fed’s Powell Remarks

Posted by By 30/11/2022Posted inForex
Event risk has started pick up this past session with US consumer confidence, Germany CPI and Canadian GDP. However, the fundamental stir that would follow this data wouldn’t rise to…
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Australian Dollar Gains Despite Soft Chinese PMI and Mixed Domestic Data. Lower AUD/USD?

Posted by By 30/11/2022Posted inForex
The Australian Dollar had a look lower after China’s PMI disappointed at 48, while local statistics showed an economy at a crossroads. Where to for AUD/USD?
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Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds

Posted by By 30/11/2022Posted inForex
The Canadian Dollar fell as a GDP slowdown cooled BoC rate hike bets. Still, USD/CAD’s near-term downtrend remains in play. AUD/USD is eyeing Chinese PMI data.
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USDJPY Outlook Particularly Prone to Fed Messaging

Posted by By 29/11/2022Posted inForex
The world’s largest central bank is going to absorb key event risk and is up against a media blackout before its next monetary policy decision. A concerted messaging effort will…
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Gold Price Forecast: Gold Bounce Continues, Crude Oil Tries to Set Support

Posted by By 29/11/2022Posted inForex
Gold bulls are working a trend and Oil prices have put in a strong bounce from the psychological level at 75.
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Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD

Posted by By 29/11/2022Posted inForex
Canadian Dollar weakness has been on full display, with a breakdown in CAD/JPY to go along with a strong breakout in EUR/CAD.
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USD Breaking News: CB Consumer Confidence Declines for Second Month, DXY Moves Lower

Posted by By 29/11/2022Posted inForex
The CB consumer confidence report paints a rather mixed picture as respondents appear more upbeat about current conditions but fear for a tightening labor market
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10 Trading Mistakes to Avoid in Forex Trading

Posted by By 29/11/2022Posted inForex
Human error in the FX market is common and can lead to common trading mistakes. See the top 10.
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Euro Dollar Outlook: EUR/USD Wrestles with Resistance at Prior Support

Posted by By 29/11/2022Posted inForex
EUR/USD has fallen to another key zone of technical support and resistance at 1.0350. As fundamentals continue to drive price action, the USD faces big event risk ahead.
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3 Types of Forex Analysis

Posted by By 29/11/2022Posted inForex
Discover the 3 types of forex analysis used to anticipate market movements and analyse trends.
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