AUD/USD Outlook Mired by Failure to Push Back Above September Low
The recovery from the yearly low (0.6170) may end up being short-lived as AUD/USD struggles to push back above the September low (0.6363).
S&P 500, Dow and Nasdaq Fall Despite Strong Corporate Earnings
Major U.S. stock indices end in negative territory as investors weigh good corporate earnings, despite gloomy economic outlook, ahead of more interest rate hikes.
US Dollar Forecast: DXY Index Consolidation Continues as USD/JPY Breaks Above 150
US Treasury yields continue to push higher, cushioning the US Dollar.
EURUSD Continues to Coil – Is a Big Move Imminent?
EURUSD continues to carve out a symmetrical triangle as traders await the next large move.
Canadian Dollar Gains but Remains in Tough Spot, USD/CAD Rejected at Key Support
The Canadian dollar strengthens moderately against the U.S. dollar, but its fundamental outlook remains challenging amid mounting headwinds for high-beta currencies.
Buy the Rumor Sell the Fact, Explained
The concept of ‘buy the rumor, sell the fact’ is rooted in human psychology and understanding it can help traders avoid poorly timed entries
Gold Price Short-term Outlook: Gold on the Precipice- XAU Support
Gold prices have slipped into the last line of defense- risk for inflection into trend support. The levels that matter on the XAU/USD short-term technical charts.
FTSE 100 Outlook: UK Stocks Uncertain After Prime Minister Resigns
Prime Minister Liz Truss resignation initially enabled FTSE to move higher before moving back towards current resistance holding at 7,000. What's next for FTSE 100?
British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP
The British Pound continues to get pushed by headlines but GBP/USD remains in a consolidation pattern for now, even as GBP/JPY has put in a massive move.
DAX and CAC 40 Technical Outlook: Leading Global Rally Higher for Now
The German and French benchmarks are doing their part in the rebound, leading the US markets; more upside looking likely.