British Pound Plummets as US Dollar Roars in Risk-Off Rout. Where to Next for GBP/USD?
The British Pound is under the pump today as worries grow about the fiscal state of affairs for the UK while the US Dollar surges. Will the BoE do anything…
Hang Seng and Shanghai Composite Index Technical Outlook: Bearish
The Hang Seng Index is attempting to break below a major support, while the Shanghai Composite Index continues to make new lows. What is the technical outlook for the indices…
Japanese Yen Slips Against US Dollar as Intervention Might be Tested. Where to for USD/JPY?
The Japanese Yen lost ground against the US Dollar to start the week as the market questions the ability of the Bank of Japan to hold down rates at the…
Asia-Pacific Markets Face Risk-Off Move as US Dollar Batters Sentiment
An already exceptionally strong US Dollar surged on Friday, threatening Asia-Pacific market sentiment. The Bank of Japan Governor Kuroda is due to speak today.
Dow On Edge of Bear Market, Recession Fears Rise, GBPUSD Tips Financial Stability Fears
Volatility rippled through the financial system this past week with global indices tumbling and the Dollar’s rally amplified through counter-currency struggles. While conditions were still orderly through Friday, we may…
Canadian Dollar Forecast: USD/CAD, CAD/JPY, GBP/CAD
USD/CAD put in a massive breakout last week to run to fresh two year highs, negating a bear flag along the way. Can USD/CAD bulls continue to push?
FTSE100 and DAX remain in a bearish sequence
In my last article, the FTSE100 was drawing up a triangle which was supporting the overall bullish trend in the biggest picture.
Gold and Silver Technical Outlook: Is Trend Reversal Afoot in XAU/USD and XAG/USD?
Gold has failed to extend its decline following a bearish breakout last week. Silver’s rally has stalled. Does this amount to a lag or a warning of trend reversal?
Global Market Unwind: USD Jumps as Euro, Sterling Plummet, Stocks Stare into the Abyss
It was a brutal week for global markets but FX has shown more panic in Euro and Sterling – even as US equities hold above June lows.
GBP/USD Slide Continues, ’Mini Budget’ Gets a Distinctly Lukewarm Welcome
The British Pound continues to languish at levels not seen since the mid-1980s as inflation and growth worries continue to glower.