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ISM Services PMI Misses Expectations, Market’s Focus Shifts to NFP Data for Fed Clues

Posted by By 03/11/2022Posted inForex
October U.S. services sector PMI clocks in at 54.4 versus 55.5 expected, a big step down from the previous month reading of 56.7, a sign that economic activity continues to…
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Gold Price Set Up for More Losses

Posted by By 03/11/2022Posted inForex
Gold continues to trade heavy below major support with a pattern developing that suggests more losses to come.
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GBP Breaking News: Pound Steady as BoE Hike Rates by 75bp

Posted by By 03/11/2022Posted inForex
BoE delivers largest rate hike in 33 years. Sterling relatively unchanged as BoE says UK is already in a recession since Q3.
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Trading the London Session: Guide for Forex Traders

Posted by By 03/11/2022Posted inForex
Discover the London FX session, the best currency pairs to trade and how to trade breakouts.
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EUR/USD Heads Lower, ECB Can’t Match Fed Firepower

Posted by By 03/11/2022Posted inForex
The perception that the US central bank is more willing and able to raise borrowing costs has only sharpened following Wednesday's session.
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Gold Price Hammered as Fed Chair Powell’s Commentary Sends US Treasury Yields Soaring

Posted by By 03/11/2022Posted inForex
Gold is within touching distance of making a fresh two-and-a-half-year low after US Treasury yields jumped following the latest FOMC meeting.
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USD Forecast: DXY Pushes Upper Bounds of Key Technical Pattern Post-FOMC

Posted by By 03/11/2022Posted inForex
The US dollar is trading higher this morning as markets digest the FOMC statement in a hawkish light ahead of tomorrow’s NFP.
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New Zealand Dollar Technical Outlook: NZD/USD Range View Intact

Posted by By 03/11/2022Posted inForex
The New Zealand Dollar’s slide on Wednesday doesn’t imply that the recent recovery is over, though it may speak to a range-bound outlook. What are the signposts to watch?
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S&P 500 and USDJPY: Where To After the Fed’s Hawkish Whiplash?

Posted by By 03/11/2022Posted inForex
The Federal Reserve rate decision proved the volatility-inducing event that macro observers have come to expect. The S&P 500 suffered its biggest single-day loss on a Fed day of 2023…
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S&P 500 Index Technical Outlook: Still Within the Range

Posted by By 03/11/2022Posted inForex
Is Wednesday’s slide enough to conclude that the S&P 500 index’s rebound this month is over? What is the outlook and what are the key levels to watch?
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