British Pound Analysis: GBP/USD Drops to Support as US Dollar Firms
The British Pound (GBP) has continued to suffer after a strong decline that drove prices to a fresh all-time low of 1.035. A rise above 1.12 and 1.141 could lead…
Canadian Dollar Forecast: US Inflation Data to Set the Tone for USD/CAD
The rally in oil prices should support the Canadian dollar, but the September U.S. inflation report is likely to be more relevant for USD/CAD’s near-term direction.
S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead
A bounce in the early-portion of the week was aggressively-faded on Friday and focus now shifts to the next CPI report as a hawkish Fed continually reminds markets that they're…
Bitcoin and Ethereum Forecast for the Week Ahead
Bitcoin and Ethereum continue to hold above YTD lows as the picture becomes more bleak for risk assets.
Canadian Dollar Technical Forecast: Technicals Hint at Renewed Downside Pressure for the Loonie
Can a hawkish BoC and rising oil prices help keep the Canadian dollar on the front foot?
Dow’s Near Record Reversal Dashes Bullish Hopes Before New Growth, Financial Warnings
The bullish charge that often accompanies the open of a new quarter fell apart this past week, producing a reversal for the Dow and other risk measures of serious scope.…
$100 Million Stolen From Binance in Hack, Bitcoin Brushes Off the News
Hacks and exploits in the crypto arena have been occurring with troubling frequency. Yesterday, another large theft occurred at the world’s largest cryptocurrency exchange; and yet the stalwart coins hardly…
Australian Dollar Outlook: Dovish RBA Sinks Currency
The RBA surprised markets last Tuesday when they raised the cash rate target by 25 basis points to 2.60%, less than the 50 basis points expected, sending the AUD/USD lower.
Gold and Silver Technical Outlook: Upside Could be Capped for Now
Gold has managed to recoup some losses following the break below major support last month. Silver continues to be in its well-established three-month range. What is the outlook and what…
Oil – US Crude IG Client Sentiment: Our data shows traders are now net-short Oil – US Crude for the first time since Jul 12, 2022 when Oil – US Crude traded near 93.70.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bullish contrarian trading bias.