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Dow Jones Reverses Earlier Gains & Stumbles into the Close, Falls Below its 200-day SMA

Posted by By 20/01/2022Posted inForex
U.S.stocks erase morning gains and drop aggressively into the close as sentiment continues to be fragile on Wall Street and dip buyers remain reluctant to step in to pick up…
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Nasdaq 100, S&P 500 Routed in Sharp Mid-day Reversals, Tech Leads Declines

Posted by By 20/01/2022Posted inForex
Tech shares weighed on the Nasdaq 100 and S&P 500 yet again as jitters grow ahead of the January Fed meeting.
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EUR/USD Technical Analysis: EUR/USD Trendline Test After Resistance Hit

Posted by By 20/01/2022Posted inForex
EUR/USD sellers are back to work but can they pose a meaningful breakout with a major zone of support lurking around the 1.1200 handle?
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USD/JPY Rate Defends Monthly Low as Risk Appetite Recovers

Posted by By 20/01/2022Posted inForex
USD/JPY may consolidate over the coming days as the exchange rate appears to be defending the monthly low (113.48).
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Canadian Dollar Outlook: USD/CAD Probes Critical Pivot- Loonie Levels

Posted by By 20/01/2022Posted inForex
USD/CAD is testing major support for a second week and we’re looking for inflection in the days ahead. The levels that matter on the Canadian Dollar technical charts.
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American Airlines (AAL), United Airlines (UAL) Earnings

Posted by By 20/01/2022Posted inForex
Earnings report on American Airlines and United Airlines were released this morning with mixed market reactions.
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Crude Oil Price Forecast: Bullish Momentum Remains Strong – Next Target?

Posted by By 20/01/2022Posted inForex
Crude oil prices have tagged a seven-year high and still appear to have more upside ahead.
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Gold, Silver Price Analysis: Gold Gears Up for Break as Silver Leads the Way

Posted by By 20/01/2022Posted inForex
Silver is up almost 12% in less than two weeks while Gold has put in a more modest move of 3.6%. But - both metals are bullish with breakout potential…
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EUR/USD Technical Outlook Turning Bearish After False Breakout

Posted by By 20/01/2022Posted inForex
The EUR/USD broke a wedge to the top-side last week, but is now about to confirm the failed breakout with a bearish trigger.
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SA Rand Price Analysis: ZAR Gains as CPI (5.9%) Fuels Rate Hike Probability

Posted by By 20/01/2022Posted inForex
The Rand is currently the top performing currency vs the dollar with the recent uptick in metals driving appreciation. Hot CPI data lifts SARB rate hike probability
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