FTSE 100 Forecast: More Losses Likely on UK Political Turmoil
UK Prime Minister Boris Johnson suffered a major blow late Tuesday as nearly 100 MPs from his ruling Conservative Party rebelled; that’s bad news for the FTSE 100 index of…
British Pound (GBP) Latest – UK Inflation Soars to a 10-Year High
UK inflation soared to 5.1% in November, the highest level since September 2011, leaving the BoE in a dilemma.
Gold and Crude Oil Price Outlook: Will Prices Fall on Key Contrarian Signals?
Retail traders continue betting that gold and crude oil prices may rise. From a contrarian standpoint, will this bode ill for the yellow metal and energy prices?
USD/CNH Weakness Persist After China Data Dump as Chinese FDI and FOMC Approach
USD/CNH slightly fell after China released several economic data points. Traders are eying foreign direct investment (FDI)and the Federal Reserve rate decision next.
AUD/USD Unfazed on Westpac Consumer Confidence as FOMC, AU Jobs Report Nears
AUD/USD failed to react to a small drop in Australia's Westpac consumer confidence data after an overnight drop. Traders are on the defense ahead of the Federal Reserve and Australian…
Gold Price Continues to Defend November Low Ahead of Fed Rate Decision
The price of gold continues to defend the November low ($1759) ahead of the Federal Reserve rate decision as it bounces back from a fresh weekly low ($1767).
EU Stoxx 50 In Limbo as Markets Await Key Central Bank Decisions
The EU Stoxx 50 Index has fallen slightly on the backfoot over the last few sessions as market participants cast an eye toward a full slate of central bank decisions.
Nasdaq 100 Slides as Traders Prepare for a Hawkish Turn From the FOMC
Nasdaq 100 falls for the second consecutive day on expectations the Fed may adopt a hawkish stance at the end of its December monetary policy meeting to curb high inflation…
NZD/USD Outlook: RSI Flirts with Oversold Zone Ahead of Fed, NZ GDP
A move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in NZD/USD like the behavior seen earlier this month.
US Dollar Price Action Setups Pre-FOMC: EUR/USD, GBP/USD, USD/CAD
Tomorrow brings a massively important FOMC rate decision and the US Dollar is already bristling for another breakout. Will the Fed feed bulls the projections that they need for a…