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Euro Shoots Higher as US Dollar Drops Ahead of ECB Rate Decision. Where to for EUR/USD?

Posted by By 27/10/2022Posted inForex
The Euro has rallied hard against the US Dollar as central bank policy moves are in focus with the ECb meeting today and the Federal Reserve next week. Will EUR/USD…
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AUD/USD to Test 50-Day SMA on Break Above Monthly Opening Range

Posted by By 27/10/2022Posted inForex
AUD/USD may attempt to test the 50-Day SMA (0.6593) if the exchange rate clears the opening range for October.
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Chinese Yuan Sees Record One-Day Move on US Dollar Selling as Industrial Profits Near

Posted by By 26/10/2022Posted inForex
The Chinese Yuan soared against the US Dollar as US stocks plummeted on weak tech earnings. Chinese industrial profits are in focus as Asia-Pacific traders look to take advantage of…
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Gold Price on Track to Test 50-Day SMA Ahead of US PCE Report

Posted by By 26/10/2022Posted inForex
The price of gold may continue to retrace the decline from the monthly high ($1730) as it appears to be on track to test the 50-Day SMA ($1689).
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Meta Plunges Over 13% on Grim Earnings After Nasdaq Sinks

Posted by By 26/10/2022Posted inForex
Meta Platforms Inc.—the Facebook parent company—reported disappointing third-quarter results, sending the stock down over 12% in after-hours trading.
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DAX Rallies into Wedge Resistance as Breakout Potential Builds

Posted by By 26/10/2022Posted inForex
The German Dax is testing a critical zone of resistance that could give rise to a potential breakout. Do bulls have what it takes to drive prices higher?
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Australian Dollar Technical Forecast: AUD/USD Rally Eyes First Hurdle

Posted by By 26/10/2022Posted inForex
Australian Dollar surged more than 5% off the yearly low with the rally threatening to test the 2022 downtrend. Levels that matter on the AUD/USD weekly technical chart.
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Canadian Dollar Technical Analysis: USDCAD, AUDCAD, GBPCAD, CADJPY Setups

Posted by By 26/10/2022Posted inForex
The Canadian Dollar is struggling against most major peers following the BoC’s smaller-than expected rate hike.
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S&P 500 Stages Big Turnaround Despite Microsoft & Alphabet Carnage, US GDP Eyed

Posted by By 26/10/2022Posted inForex
The S&P 500 staged a remarkable comeback on Wednesday, erasing steep losses from the cash open and rising slightly into positive territory amid falling U.S. Treasury yields.
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Has the US Dollar Peaked? Double Top Breakdown Sinks to Support

Posted by By 26/10/2022Posted inForex
The USD is pulling back after a double top formation triggered and started to fill-in; but whether this can be more than a pullback will likely depend on ECB tomorrow…
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