Crude Oil Slips to Start the Week Ahead of RBA, Fed and BoE Rate Decisions
Crude oil is on the back foot as the US Dollar ticked higher today and growth concerns re-emerge on Chinese and Japanese data. Will OPEC+ cuts re-ignite WTI?
Bitcoin and Ethereum Technical Outlook: Upward Momentum Fades Slightly. Now What?
The recent upward momentum in Bitcoin and Ethereum appears to be fading somewhat as they test key resistance levels. Does this mean BTC/USD and ETH/USD are turning lower? What is…
Japanese Yen in Flux on Data and the Chinese Yuan Battles Soft Sentiment
The Japanese Yen edged lower against the US Dollar on mixed retail sales and industrial production data while Chinese PMI disappointed. Will a higher USD/JPY lift USD/CNY?
US Dollar Momentum Continues Fading: USD/SGD, USD/PHP, USD/THB, USD/IDR
The US Dollar weakened against ASEAN currencies this past week. Still, broad meaningful progress was notably absent. USD/SGD, USD/PHP seem tilted lower. USD/THB and USD/IDR maintain their bullish posture.
AUD/USD Eyes Australian Retail Sales and China PMI Data as Iron Ore Prices Pose Headwind
The Australian Dollar advanced against the US Dollar last week, but a drop in iron ore and copper prices held AUD/USD back. China’s October manufacturing PMI data could set the…
Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD/USD, GBP/USD, Fed, RBA, BoE
Dow Jones futures surged higher this past week as the Nasdaq 100 followed. Another busy week is in store for markets. The US Dollar, Australian Dollar and British Pound are…
S&P 500, Nasdaq 100, Dow Jones – Mega-Cap Tech Hammerings Rattle Sentiment
This week’s Q3 earnings releases roiled equity market sentiment with high-profile names Amazon and Meta, in particular, hitting the Nasdaq hard.
US Dollar Technical Forecast for the Week Ahead
The Dollar has come off hard in recent trade, and as we head into a new week we will need to closely watch how strength plays out; levels and lines…
Canadian Dollar Weekly Forecast: USD/CAD Keenly Awaits FOMC After BoC Shock
Teaser: USD/CAD fundamentals are somewhat mixed ahead of next week’s FOMC meet while technical factors imply upside potential.
Japanese Yen Technical Forecast: USD/JPY Bulls Brace for Correction
US Dollar’s assault on the Japanese Yen has been halted with USD/JPY threatening a larger correction within the uptrend. Levels that matter on the weekly technical chart.