USD/CAD Susceptible to Larger Correction as RSI Reverses Ahead of Oversold Zone
The limited reaction to the Fed’s semi-annual testimony may lead to a near-term correction in USD/CAD as the RSI reverses ahead of overbought territory.
S&P 500 Falls on Recession Angst Following Powell’s Testimony, Bear Market Lives On
After trading higher for most of the day, the S&P 500 turns lower and notches a small loss, weighed down by fears that the Fed may spark a recession in…
Gold Price Forecast: Ranging within Triangle, For Now – Levels for XAU/USD
Gold prices continue to trade within in a multi-week symmetrical triangle.
Gamma Squeeze Explained: Basic Options Theory and How it Works
Demystify the concept of the gamma squeeze by uncovering its foundations, causes and examples in this practical article.
S&P 500, Nasdaq 100 Push off Session Lows as Fed Chair Powell Testifies
Equities erase premarket losses as Fed Chair Jerome Powell testifies on Capitol Hill.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
We’re coming up on the end of Q2 and the US Dollar bullish trend is more than a year old. What’s in store for Q3 – can the Fed remain…
DAX, DOW and FTSE Resume Selloff on Sliding Commodities and Inflation Worries
It's back into the red again, as Fed Chair Powell's testimony begins.
May Inflation at 7.7% in Canada, Highest Level Since 1983; USD/CAD Holds Gains
Canada’s annual inflation accelerated to 7.7% in May, the highest level since 1983, raising expectations that the BoC will have to tighten monetary policy aggressively in the coming months.
Bitcoin (BTC/USD) Technical Outlook is Bullish (For Now)
BTC/USD hit a major level last week as risk trends sank to what appear lows for now; cryptos set up to rally in the interim.
FTSE 100 – Watch Out for 7313 Key Level
FTSE 100 is correcting and seems to be preparing to get back into the driver seat. Subject to not breaking through 6787 key level.