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Dow Closes Out Its Best Month Since 1976 But Fed Anticipation Will Throttle

Posted by By 01/11/2022Posted inForex
We have closed out the month of October in pretty dramatic fashion with the Dow Jones Industrial Average earnings its biggest single-month’s rally since January 1976. That wasn’t a universal…
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New Zealand Dollar Technical Outlook: NZD/USD Rebound Stalls

Posted by By 01/11/2022Posted inForex
The New Zealand Dollar’s rebound appears to be stalling. Is this the end of the three week-long rebound or is there more to come? What are the signposts to watch?
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Crude Oil Forecast: China Covid Woes Weigh on Prices as Traders Eye Inventory Data

Posted by By 01/11/2022Posted inForex
Crude oil prices fell around 2% on Monday as lockdowns across China ramped up. Traders await inventory data from the EIA ahead of major macro data, including the FOMC rate…
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Gold Price Falls Towards Monthly Low After Failing to Test 50-Day SMA

Posted by By 01/11/2022Posted inForex
The price of gold appears to be on track the test the monthly low ($1617) as it reverses ahead of the 50-Day SMA ($1680).
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Chinese Yuan Slides Against US Dollar as Covid Lockdowns Weigh on Sentiment

Posted by By 31/10/2022Posted inForex
The Chinese Yuan fell almost 1% against the US Dollar as traders weigh new Covid lockdowns following downbeat PMI figures. The RBA rate decision is in focus for APAC traders.
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USD/JPY Reverses Ahead of 50-Day SMA with Fed Rate Decision on Tap

Posted by By 31/10/2022Posted inForex
USD/JPY may continue to retrace the decline from the monthly high (151.94) as the Federal Reserve is expected to maintain its existing approach in combating inflation.
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Canadian Dollar Technical Forecast: USD/CAD Threatens Larger Setback

Posted by By 31/10/2022Posted inForex
The Dollar’s recent rebound against the Loonie may be short-lived as the threat for a deeper correction looms. Levels that matter on the USD/CAD weekly technical chart.
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FX Week Ahead – Top 5 Events: BOE, Fed, RBA Rate Decisions; Canada Jobs Report; US NFP

Posted by By 31/10/2022Posted inForex
The first week of November is all about central banks.
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GBP/USD’s Outlook Remains Bleak Ahead of BoE’s November Meeting

Posted by By 31/10/2022Posted inForex
Short- and medium-term outlook for GBP/USD remains gloomy amid recession fears, rising inflation and tighter financial conditions.
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Gold Price Forecast: Bottoming Effort Falters – Levels for XAU/USD

Posted by By 31/10/2022Posted inForex
Gold prices are slipping as US yields – both nominal and real – rise again.
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