Oil Price Soars Following OPEC Production Cut – Key Tests Ahead for WTI
Oil prices continue to push higher as OPEC+ agrees to a large production cut. $90/bbl WTI now in sight.
Gold Forecast: Recovery at Risk as US Dollar Soars; XAU/USD Rejected at Resistance
Gold and silver prices trade lower on Wednesday, pressured by U.S. dollar strength and a sharp jump in U.S. Treasury rates following better-than-expected U.S. economic data.
British Pound Forecast: GBP/USD Stalls at First Major Resistance Test
A six-day Sterling rally has stalled into a key technical pivot zone- the first test for the Pound recovery. Levels that matter on the GBP/USD weekly technical chart.
German Dax Technical Levels Hold – Fundamentals Cap the Upward Move
The German Dax has pulled back towards key support after a strong rally drove the index above 12,600. With oil outputs set to fall, the geopolitical backdrop may continue to…
US Dollar Gains as Better-than-Forecast Services PMI Data Backs Case for Hawkish Fed
U.S. services activity expands for the 28th consecutive month in September, easing less-than-expected, a sign that the economy remains resilient for the Federal Reserve to continue additional hikes.
S&P 500, Nasdaq, Dow Jones Forecast: Bear Bounce or Fed Pivot?
Stocks put in a strong rally to start Q3 and already in Q4, many are asking if rates have topped and stocks have bottomed even ask inflation remains brisk and…
USD/CAD Technical Outlook: Could Find its Footing Soon
USD/CAD pulled off hard in-line with expectations, but it could soon find a low and surge again as the dollar-on, stock-off theme still looks to have more room.
US Dollar Faces Support Ahead of High Importance US Data
The dollar sell-off faces sizeable support as upcoming US data (services PMI and NFP) are likely to dictate shott-term direction in USD
Bitcoin (BTC) Technical Outlook – Long-Term Downtrend Remains in Play
Bitcoin is testing the longer-term downtrend and unless this can be broken convincingly, a drop back to multi-month support looks increasingly likely.
Euro Forecast: Euro Resumes Parity Dance with the Dollar as Fed Pivot Chatter Cools
The Euro retreated from parity to the dollar in European trade as investors weigh the possibility of a dovish Fed. NFP and ISM data become the focus for the rest…