Dow Jones Dives as CDC Confirms First Omicron Case in the US
U.S. stocks gave up the large gains posted in the morning and ended the day sharply lower amid strong risk aversion after the CDC confirmed the first Omicron variant case…
USD/CAD Rate Eyes September High as RSI Pushes into Overbought Zone
Recent developments in the Relative Strength Index (RSI) indicate a further appreciation in USD/CAD as the oscillator climbs above 70 to push into overbought territory.
Omicron Lands in the U.S., Implications for the USD and S&P 500
The Omicron variant has now been identified in the United States, and this created a quick reaction across U.S. markets.
Gold Price to Face Further Losses on Failure to Defend November Low
The price of gold may face a further decline over the coming days if it fails to defend the November low ($1759).
USD, EUR/USD, Gold and Oil: Fibonacci for Price Action Levels
Markets can be messy, chaotic and difficult to forecast. But a trader's reactions are often the keys, and learning where or how to look for those reactions can be helpful.
Canadian Dollar Price Forecast: USD/CAD Intra-Day Price Setup
CAD may surrender recent gains against the dollar as the drop in WTI and renewed bullish Fed tone opens the door to a USD/CAD bullish continuation
AUD/USD Technical Outlook is Neutral to Bullish
AUD/USD looks poised to head lower with both resistance and chart pattern suggesting the same.
USD Breaking News: Dollar Undeterred by Mixed PMI’s, NFP in Focus
Varied Markit and ISM U.S. PMI prints for November resulted in a slightly weaker dollar as the spotlight now shifts to NFPs on Friday.
Dow Jones to Test 200-day Moving Average: US Indices Technical Outlook
The market has been rolling over, with the DJIA about to test the 200-day; levels and lines to know in the major indices.
British Pound (GBP) Outlook: GBP/USD in The Grip of Lower Highs and Lower Lows
Cable is clawing back most of Tuesday's spike sell-off but the technical outlook for the pair remains weak.