Crude Oil Price Forecast: Volatility Swells as Geopolitical Tensions Return – What’s Next?
Crude oil prices are experiencing a sharp rise in volatility.
EURUSD Cooling Off After Failing to Test 1.05
The Euro has cooled from session highs after failing to stretch to the 1.05 threshold.
Canadian Dollar Technical Forecast: USD/CAD Plunges into Support
US Dollar plunged more than 4.6% off the October high with a four-week decline taking USD/CAD into a key support pivot. Levels that matter on the weekly technical chart.
Bitcoin (BTC), Ethereum (ETH) Upbeat Despite FTX Saga as PPI Falls
Bitcoin and Ethereum have temporarily escaped the drama of FTX as prices rise from recent lows. With a downside surprise in PPI, risk assets continue to rise.
S&P 500, Nasdaq, Dow Jones Breakout on Soft PPI, Resistance Overhead
A soft PPI report gave bulls hope on inflation trends as short-term breakouts in the S&P and Nasdaq continued. The Dow is working very near a spot of long-term resistance.
EUR/USD Technical Outlook: Trading Around Long-term Resistance Levels
The Euro shot higher last week and is so far gaining some ground this week; it finds itself at a big macro level of resistance.
US Dollar Price Outlook: DXY Selloff Gains Momentum as Event Risk Slows
The dollar selloff continued this morning as scheduled event risk quietens down this week. Mass dollar repositioning and dovish rhetoric from the Fed eyes further declines
Gold Price Rallies Further On US Dollar Weakness, Resistance Lies Ahead
Gold is heading back towards $1,800/oz, a level not seen in over three months as the sell-off in the US dollar continues.
EUR/USD Nudges Higher as Euro Area GDP Hits Estimates, Economic Sentiment Beats
Euro Area GDP expands at the slowest pace in 6 quarters with economic sentiment providing a much-needed surprise. Euro to remain bid for now.
AUD/USD Forecast: Aussie Dollar Pushes Higher on China Optimism
AUD/USD rallied on Tuesday after encouraging talks between U.S. President Joe Biden and Xi Jinping.