USD/CAD Rate Tests Former-Support Zone for Resistance
USD/CAD has come up against the former-support zone around the March/June low (1.3315) as the decline in global equity prices coincides with the advance in the US Dollar.
S&P 500 Teeters on Precipice as Trump Trails Biden in Swing States
The S&P 500 index may be on the verge of breaking down as Biden continues to lead Trump in swing states but faces a narrower margin in general election polls.
AUD/USD Price Outlook: Aussie Defends 0.7200 Level as VIX Jumps
The Australian Dollar took a nosedive during Monday’s trading session due to a flareup in market volatility, but AUD/USD price action based around the 0.7200-price level as the VIX ‘fear-gauge’…
Nikkei 225 & ASX 200 Price Forecast: Stock Selloff Sees Support Broken
An abrupt reversal in risk assets has seen the Nikkei 225 and ASX 200 fall beneath nearby support, threatening further losses. Here are the levels to watch in the days…
Dollar vs Mexican Peso Outlook: USD/MXN Rally Eyes Trend Resistance
Mexican Peso is under pressure this week with a recovery in USD/MXN taking price into downtrend resistance. Here are the levels that matter on technical charts.
Gold Price Breaks Lower as Risk Aversion Spikes and Volatility Soars
Gold suffered a bearish breakdown to start the week as risk aversion spiked across global markets. Typically viewed as a safe haven commodity, gold seems to have been caught in…
USD Price Outlook: US Dollar Ripping Higher as Markets Swoon
The US Dollar is advancing sharply as markets accelerate lower on the back of mounting risk aversion. Can USD price action continue its ascent or will the DXY Index recoil…
Dow, Nasdaq Price Forecast: US Stocks September Slide Continues
Both the Dow and Nasdaq have shown different tonalities since the September open, with reversal tendencies showing after the blistering rallies that took hold through the summer.
Markets Week Ahead: S&P 500, US Dollar, Yen, NZD, RBNZ, Powell Testifies
The S&P 500 has been wobbling but the haven-linked US Dollar has been struggling to catch a bid. The anti-risk Japanese Yen is shining instead. Has the Fed left investors…
DAX 30, CAC 40 Technical Outlook: Sell-off May Just Be Getting Started
European are starting to finally break out of the narrowing ranges they have been stuck in for quite some time.