USD/CAD Struggles to Test November 2020 High Ahead of Canada CPI
The update to Canada’s Consumer Price Index (CPI) may keep USD/CAD afloat as inflation is expected to slow for the second month.
Nasdaq 100 Manages to Climb Out of a Hole, Will the Nikkei 225 and ASX 200 Follow?
The Nasdaq 100 managed to climb out of a hole to finish in the green on Monday, possibly setting up the Nikkei 225 and ASX 200 for a rosy session.…
USD/JPY Trades at Support as APAC Markets Look Higher Ahead of Japanese Inflation
Asia-Pacific markets look set to open higher after a rosy Wall Street session. Japanese inflation data is on tap as the Bank of Japan decision nears and USD/JPY trades at…
Crude Oil Price Reverses Ahead of 50-Day SMA to Eye Monthly Low
The price of oil may track the negative slope in the 50-Day SMA ($91.92) as it reverses course ahead of the moving average.
S&P 500, Nasdaq, Dow Consolidate as FOMC Nears
U.S. equity indices finished in positive territory amid a volatile trading session ahead of the highly anticipated FOMC monetary policy decision on Wednesday. Guidance is going to be of significant…
FX Week Ahead – Top 5 Events: Canada Inflation Rate; Fed Rate Decision; BOJ Rate Decision; SNB Rate Decision; BOE Rate Decision
The middle of September has inflation data and labor markets in focus.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar put in a strong jump after last week’s CPI report and the Fed is full speed ahead on rate hikes. The USD response will probably be highly…
S&P 500 Fails at Key Hurdle as Traders Eye FOMC
Equities staged a strong rally off premarket lows only to fail at key resistance. FOMC comes into focus.
How to Become a Day Trader: Lyss TJ Roberts’ Story
Lyss Tj Roberts started trading in 2012 and quit a year later when all of the small cap stocks she had invested in went bankrupt.
Gold Price Forecast: Gold Threatens Larger Break After Test of 2-Year Lows
Gold hit a fresh two year low last week and sellers may done yet. The Fed waits in the wings as gold prices work on their sixth consecutive month of…