US Dollar Hit as Treasury Yields Fall. Fed Warns of Risky Asset Price, Will USD Rally?
The US Dollar gave up ground on the Federal Reserve's concern for risky asset prices and speculation of a change in leadership at the Fed. Where to for USD?
Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Aug 19 when Gold traded near 1,780.78.
Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Gold price trend may soon reverse higher despite the fact…
Gold Eyes Key Resistance With Fed Bets in Focus as CPI Nears
Gold prices have a key level of resistance in focus following last week's move higher. Fed rate hike bets are in the scope as US CPI data approaches. A hot…
Japanese Yen Technical Analysis: USD/JPY, AUD/JPY. Are They Establishing Ranges?
The Japanese Yen has been subtly strengthening against the US Dollar and the Australian Dollar. Will USD/JPY and AUD/JPY continue to consolidate?
Dow Jones Gains as Nasdaq 100 Falls Post Infrastructure Bill, Nikkei 225 May Rise
The Dow Jones outperformed the Nasdaq 100, with Caterpillar shares seeing a boost from the 1 trillion infrastructure bill. Ahead, the Nikkei 225 may rise, eyeing a Symmetrical Triangle.
NZD/USD May Rise on Upbeat Card Spending Data, Broader Sentiment
NZD/USD rose alongside US stocks as market sentiment brightened overnight. The Kiwi economy saw upbeat card spending data for October cross the wires this morning.
Nasdaq 100 Lags Peers as AMC Earnings Kick off the Week in Style
The Nasdaq 100 closed slightly lower on Monday lagging both the Dow Jones and S&P 500, with AMC earnings capturing attention after the closing bell.
Tesla Bounces After Gap, AMD Strikes a Meta Deal; S&P 500 Resistance
The Tesla fireworks continued even with Elon Musk talking up a possible sale of 10% of his shares. AMD caught a major bid after deal with Facebook/Meta was announced.
EUR/USD to Stage Larger Recovery on Break of Monthly Opening Range
EUR/USD may stage a larger recovery over the coming days if the exchange rate clears the opening range for November.
Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD
The BoC appears to be one of the more hawkish central banks at the moment yet the Canadian Dollar has been in relax mode for much of November.