DAX, DOW and FTSE Mixed as Global Growth Signals Slowdown
Strike Two, Can Fed Chair Powell Allay Global Recession Fears?
USD/JPY Technical Analysis: Explosive Price Pattern Forming at 20-yr Highs
USD/JPY is beginning to take on the shape of a rising wedge pattern that could lead to a big(ger) move; bearish and bullish scenarios outlined.
NZD/USD Technical Setup: Price Action Approaches Key Support
The NZD/USD pair has come under pressure and now trades towards a key long-term pivot point.
Crude Oil Latest – Selling Off Into Support as Recession Fears Grow
Brent oil is under the pump as global recessionary fears continue to grow, sending crude tumbling towards a block of support.
British Pound Breaking News: UK PMI Heightens Hawkish Bets, GBP Strengthens Against USD and EUR
The pound was bid shortly after strong UK PMI data opening up the possibility of a 50bps by the BoE.
EUR/USD Tanks as Shocking PMIs Signal Rising Recession Risks
Notably weak French and German PMIs pressure Euro back to 1.05
US Dollar Firms Despite Recession Chat from Fed Chair Powell. Will USD Go Higher?
The US Dollar rose despite Federal Reserve Chair Powell seeing the possibility of a US recession due to rate hikes. If he mentions recession again, will it impact USD?
Gold Price Forecast: XAU Coils as Inflation and Recession Odds Conflict
Gold prices have seen little movement this week as markets weigh commentary from the Federal Reserve Chair as inflation and recession odds conflict against gold's fundamental backdrop.
EUR/USD on Cusp of Pushing Above 50-Day SMA Following Fed Testimony
A move above the 50-Day SMA (1.0607) may lead to a further advance in EUR/USD as the testimony from Fed Chairman Powell does little to curb the advance from the…
Australian Dollar Eyes BRICS Summit After Mixed PMI Data
The Australian Dollar fell alongside US equities overnight after Fed Chair Jerome Powell's commentary before Congress spooked the market. The 2022 BRICS Summit is in focus for APAC traders.