British Pound (GBP) Latest: UK Economy Contracts, BoE Bond Buying Dilemma
The UK economy contracted further than expected in August, with manufacturing and industrial production taking a heavy hit.
DAX 40 and FTSE 100 Index Technical Outlook: Biased Lower
The German DAX index has broken a couple of key uptrend lines. The UK FTSE 100 index is attempting to move out of its multi-month range. What is the outlook…
S&P 500, Dow Jones Face Trouble as Retail Traders Buy Ahead of the US CPI Report
The S&P 500 and Dow Jones are at risk as retail traders continue to sell Wall Street ahead of the US CPI report. Is more trouble ahead for Wall Street?
GBP/USD Technical Outlook: Soft Bias in The Short Term
The British Pound’s retreat from key resistance has shifted the short-term bias to favor weakness. How much more downside is likely from here, and what is the outlook beyond the…
Gold Prices Flash Signal Against Treasury Yields Amid Bullish Speculator Movement
Gold prices are down this week as traders take a cautious stance ahead of US inflation data. Bullion is likely at the mercy of that CPI number, but gold’s correlation…
AUD/USD Selloff Pushes RSI Back Into Oversold Territory
The move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in AUD/USD like the price action from last month.
New Zealand Dollar Bucks USD Strength but APAC Sentiment Fragile on China Lockdowns
The New Zealand Dollar managed to rise against a broadly stronger US Dollar. However, Asia-Pacific market sentiment remains at risk as China sees Covid restrictions increasing.
USD/CAD Rate Clears October Opening Range Ahead of US CPI
Data prints coming out of the US may keep USD/CAD afloat as the Consumer Price Index (CPI) is anticipated to show sticky inflation.
Nasdaq 100, S&P 500 Extend Losses, Dow Jones Ekes Out Small Gain
Major U.S. stock indices end in negative territory as investors weigh bleak economic outlook amid tightening financial conditions.
Australian Dollar Technical Analysis: AUD/JPY, AUD/USD Rates Outlook
AUD/JPY and AUD/USD rates remain mired in downtrends.