DAX 40 Buoyed by Solid US Earnings Results Despite Pervasive Fed Hawkishness
The DAX 40 has climbed on diminishing energy woes and a generally upbeat market on the back of solid US earnings. If the Fed maintains their tightening, will the DAX…
Huge S&P 500 Gap Higher and Earnings Glow Hide Growing Financial Threats
While the US indices wouldn’t hold build upon the gains, the S&P 500 and crew nevertheless opened this past session to a serious 1.9 percent gap higher – making for…
Bitcoin and Ethereum Technical Outlook: Upside Capped
Both Bitcoin and Ethereum are holding above their respective June lows. However, their overall downward bias hasn’t changed. What are the key levels to watch?
Oil Prices Eye EIA Inventory Data as Biden Administration Considers Extreme Actions
WTI crude and brent crude oil prices are slightly higher after news of an additional US SPR release sent prices sharply lower on Tuesday. The Biden administration is considering additional…
Japanese Yen Marches Lower to the US Dollar but Less so Against Chinese Yuan and Oil
The Japanese Yen continues to lose ground against the US Dollar but less so against the Chinese Yuan and crude oil. Will that allow for a higher USD/JPY than the…
EUR/USD Rate Rebounds Ahead of Yearly Low to Approach 50-Day SMA
EUR/USD appears to be on track to test the 50-Day SMA (0.9924) as it reverses course ahead of the yearly low (0.9536).
Asia-Pacific Markets Look Higher After Dow Jones Gains as Chinese Yuan Underperforms
The Chinese Yuan weakened against the US Dollar despite a pullback in the DXY Index. Asia-Pacific markets look primed to gain after the second day of Wall Street gains amid…
AUD/USD Rebound Pulls RSI Out of Oversold Zone Ahead of Australia Employment
Fresh data prints coming out of Australia may prop up AUD/USD as employment is expected to increase for the second consecutive month.
Netflix Pops on Earnings Beat, Tesla’s Results Next. What Now for the S&P 500?
Netflix reported better-than-expected bottom-line results, sending the company's stock higher in the extended session. Tesla’s earnings eyed on Wednesday for clues about the S&P 500 next moves.
New Zealand Dollar Technical Analysis: NZD/JPY, NZD/USD Rates Outlook
The New Zealand Dollar held critical support, sparked by hotter than expected inflation data.