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Forex

S&P 500 and Nasdaq 100 Technical Outlook for the Days Ahead

Posted by By 02/08/2022Posted inForex
U.S. stocks remain in recovery mode for now, but that could change any time in the coming weeks; levels & lines to watch.
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Japanese Yen Outlook: Recession Fears and Safe Haven Appeal Lifts JPY

Posted by By 02/08/2022Posted inForex
The Japanese Yen may benefit from US recession concerns, lower US treasury yields and safe-haven appeal given the renewed US-China tensions over Taiwan visit
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Gold Price Rally Bumping Into Resistance, Taiwan Tensions Escalate

Posted by By 02/08/2022Posted inForex
Gold is finding resistance tough to break but the precious metal may receive a risk-off bid if tensions between China and the US increase further.
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Australian Dollar Latest: AUD/USD Slumps on RBA, Taiwan

Posted by By 02/08/2022Posted inForex
Australian Dollar underperforms despite RBA rate hike. S&P 500 bear rally stalls
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USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Jul 15, 2022 when USD/CAD traded near 1.30.

Posted by By 02/08/2022Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
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British Pound (GBP) Forecast: GBP Slips on UK Housing Prices & Global Risk Aversion

Posted by By 02/08/2022Posted inForex
GBP/USD bears clawed back gains today as investor apprehension grips global markets, while UK housing data misses expectations.
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Brent Crude Oil Outlook Bullish on OPEC+ Meeting, Supply Hopes Strained

Posted by By 02/08/2022Posted inForex
Brent crude oil prices may rise ahead of OPEC+ deliberations as members consider the economic outlook and optimize their leverage in the geopolitical landscape.
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Australian Dollar Dived After RBA Hike by 0.50%. Where to for AUD/USD?

Posted by By 02/08/2022Posted inForex
The Australian Dollar went lower immediately after the RBA raised the cash rate target by 0.50% to 1.85%, as anticipated but the statement was interpreted as less hawkish.
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Crude Oil Price Forecast: Traders Weigh Economic Data Against Tight Supply

Posted by By 02/08/2022Posted inForex
Crude oil prices fell nearly 5% on Monday, starting the month off on a sour note. A weak Chinese PMI reading added to already ailing economic growth prospects, dragging sentiment…
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US Dollar Reversal Accelerates, More Losses Ahead? USD/SGD, USD/PHP, USD/THB, USD/IDR

Posted by By 02/08/2022Posted inForex
The US Dollar extended losses against ASEAN currencies this past week. Is further downside in store for USD/SGD, USD/PHP, USD/THB and USD/IDR ahead?
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