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S&P 500 First Gap Down in 5 Days, USDJPY Longest Run in 5 Decades

Posted by By 20/10/2022Posted inForex
The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Attention…
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GBP/USD Technical Outlook: Dead-Cat Bounce?

Posted by By 20/10/2022Posted inForex
Is the British Pound’s rise this month a dead-cat bounce or is there more to the rally? What is the outlook and the signposts to watch?
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Japanese Yen Forecast: USD/JPY, AUD/JPY Still Attract Short Bets. More Gains Ahead?

Posted by By 20/10/2022Posted inForex
Retail traders just can’t get enough of buying up the Japanese Yen. This is despite persistent gains in USD/JPY and AUD/JPY. Is more trouble ahead for the currency?
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Gold Bends the Knee to Rising Yields and US Dollar. Will Initial Jobless Claims Spark Rebound?

Posted by By 20/10/2022Posted inForex
Gold prices fell on Wednesday against rising yields and US Dollar, and prices remained under pressure in Asia-Pacific trading. A weak US initial jobless claims report may provide respite to…
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Australian Dollar Ducked After a Slight Miss on Jobs Data. Will AUD/USD Recover?

Posted by By 20/10/2022Posted inForex
The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Attention now turns to CPI for RBA action and AUD/USD implications.
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Oil Price Reverses Ahead of Monthly Low to Keep Bull Flag Formation Intact

Posted by By 20/10/2022Posted inForex
A bull-flag formation may unfold over the coming days as the price of oil appears to be reversing a head of the monthly low ($80.87).
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Japanese Yen Traders Square Up Against MoF and BoJ as USD/JPY Targets 150

Posted by By 19/10/2022Posted inForex
The Japanese Yen approaches a critical level against the US Dollar at the 150 mark, setting up another fight against Yen shorts and Japan’s policymakers. Chinese interest rates are also…
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Gold Price to Fall Towards April 2020 Low on Failure to Defend Yearly Low

Posted by By 19/10/2022Posted inForex
The price of gold may fall towards the April 2020 low ($1568) if it fails to hold above the yearly low ($1615).
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Tesla Dips on Mixed Earnings Report, S&P 500 and Nasdaq 100 on Weak Footing

Posted by By 19/10/2022Posted inForex
Tesla reported mixed third-quarter results, topping EPS expectations but missing on revenue and margin estimates, sending the company’s stocks lower in extended trading.
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Crude Oil Price Forecast: Momentum Turns Bearish – What’s Next?

Posted by By 19/10/2022Posted inForex
The crude oil price rally failed in recent days, but has found support at a multi-month downtrend.
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