Hang Seng Index Technical Outlook: Upside Could Be Capped
Strong momentum in recent days raises the possibility of an extended pause in the Hang Seng Index’s multi-month slide. However, the index’s upside could be capped. What are the levels…
Euro Rides High as US Dollar Ponders the Path Ahead with Fed and G-20 in the Frame
The Euro backed away from resistance against the US Dollar as Fed commentary appears to be less one directional ahead of US PPI. If US-China relations improve, where to for…
Neither Dollar Nor Stocks Respond to NY Fed’s Inflation Expectations Like CPI, So What Now?
The US CPI release last week was undoubtedly one of the most market-moving events we have seen for the market in a while. It would seem with the response from…
Bitcoin Technical Outlook: A New Leg Lower For BTC/USD?
Has Bitcoin resumed its medium-term weakness? How much more downside? What’s next in store for cryptocurrencies and what are the levels to watch?
Gold Price Outlook Vulnerable to RSI Sell Signal
The Relative Strength Index (RSI) may offer a textbook sell signal for the price of gold should the oscillator struggle to hold above 70.
Japanese Yen Yawned at GDP Miss as US Dollar Dominates. Where to for USD/JPY?
The Japanese Yen ignored soft GDP data as US Dollar gyrations remain in the driver’s seat with the Fed in focus for policy shift becoming mired in conflicting comments. Lower…
AUD/USD Clears October High Ahead of Australia Employment Report
AUD/USD may attempt to retrace the decline from the September high (0.6916) as it clears the October high (0.6547).
S&P 500 Stalls at Resistance on Cautious Mood. Is the Stock Market Rally in Peril?
The S&P 500 stalls at resistance and pivots lower as bullish sentiment wanes after last week's powerful rally, but the short-term technical bias remains somewhat positive.
Bitcoin and Ethereum Crashed and Recovered Before. Will They Do It Again Now?
The rising interest rate environment, coupled with increased distrust in the crypto industry following recent scandals, could prevent Bitcoin and Ethereum from staging a significant rebound.
Gold Price Forecast: Rally Still Has Legs – Levels for XAU/USD
Gold prices are continuing their bottoming effort.