EUR/USD Rebound Unravels amid Failure to Hold Above 50-Day SMA
EUR/USD may continue to give back the rebound from the yearly low (0.9864) as the exchange rate appears to be tracking the negative slope in the 50-Day SMA (1.0107).
S&P 500 and Nasdaq 100 Sink as High Inflation Bolsters Case for Hawkish Fed
U.S. stocks sold off violently on Tuesday after stronger-than-expected U.S. inflation data sent Treasury yields higher on bets that the Fed will have no choice but to keep raising rates…
Australian Dollar Technical Forecast: AUD/USD Plunges to Pivotal Support
Australian Dollar losses keep mounting a massive reversal takes Aussie back towards yearly downtrend support. Levels that matter on the AUD/USD weekly technical chart.
Gold Price Forecast: US CPI Sparks Next Leg Lower – Levels for XAU/USD
Gold prices are barely holding above 1700.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar is putting in a massive move today after another elevated CPI release. DXY is currently showing a bullish engulf and markets are starting to look at a…
Nasdaq 100 Routed as US CPI Data Comes in Hot
The Nasdaq 100 is lower by over 4% as inflation data comes in very hot.
How Will US Inflation Data Impact the September Fed Meeting?
Senior Strategists James Stanley and Christopher Vecchio, CFA discuss US inflation data and the September Federal Reserve rate decision.
EUR/USD Short-term Technical Outlook: Euro Post-CPI Plunge to Parity
Euro plunged nearly 1% on hotter than expected US inflation data today with EUR/USD reversing sharply off trend resistance. Levels that matter on the technical charts.
Bitcoin (BTC/USD) & Ethereum (ETH/USD) Technical Outlook
BTC/USD and ETH/USD are undergoing bounces as appetite for risk comes back into the market, but as we are seeing strength can turn into weakness quickly.