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Crude Oil Drops as Hawkish Fed and ECB Erode Growth Prospects. Where to for WTI?

Posted by By 12/09/2022Posted inForex
Crude oil prices fell on Monday as tighter monetary policy lies ahead and geo-political woes continue to plague the outlook for energy while China lockdowns roll on. Can crude recover?
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US Dollar Setting the Stage for a Turn Lower? USD/SGD, USD/THB, USD/IDR, USD/PHP

Posted by By 12/09/2022Posted inForex
The US Dollar is showing signs of weakness as early reversal moves are being made in USD/SGD, USD/THB, USD/IDR and USD/PHP. Are further losses in store?
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Japanese Yen Descent Pauses Against US Dollar and Euro. Will USD/JPY and EUR/JPY Make New Highs?

Posted by By 12/09/2022Posted inForex
The Japanese Yen has taken a break from weakening against the US Dollar and the Euro after historical peaks in USD/JPY and EUR/JPY. Will the bullish trends resume?
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Weekly Technical US Dollar Forecast: Failed Bullish Breakout Potential

Posted by By 12/09/2022Posted inForex
The US Dollar (via the DXY Index) closed below ascending triangle resistance, an indication that the recent bullish breakout attempt may have failed.
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Check S&P 500 Historical Averages Against Current Issues, Dollar Wobble at Decade Highs

Posted by By 12/09/2022Posted inForex
This past week ended with a correction to significant market moves - a rebound in risk assets led by the S&P 500 and a slip from the US Dollar pushing…
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US Dollar Direction to Dictate Market Sentiment as APAC Markets Eye a Green Open

Posted by By 11/09/2022Posted inForex
Asia-Pacific markets look set to trade higher to kick off the week after market sentiment brightened last week on a falling USD. China and central bank rate bets are in…
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S&P 500, Nasdaq, Dow Jones Technical Forecast for the Week Ahead

Posted by By 11/09/2022Posted inForex
Stocks snapped a three-week losing streak with US major indices responding to key technical support. Levels that matter on S&P 500, Nasdaq & Dow weekly charts.
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British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP

Posted by By 10/09/2022Posted inForex
GBP/USD set a fresh 37-year low this week as GBP/JPY put in a bullish breakout from a recent consolidation pattern. EUR/GBP tests a key point of resistance.
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Crude Oil Technical Forecast: Oil Prices Buoyed by Technical Levels

Posted by By 10/09/2022Posted inForex
Crude oil futures have rebounded off psychological support after a steep decline from the March highs. Technical support and resistance continue to threaten the imminent move.
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Japanese Yen (JPY) Technical Outlook: USD/JPY Trading Near 1998 High

Posted by By 10/09/2022Posted inForex
USD/JPY came close to the 1998 high last week before reversing lower; a pullback may continue, but the long-term level appears likely to be tested sooner rather than later.
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