S&P 500, Nasdaq, Dow Technical Forecast: The Fed Face-off
Stocks plunged to fresh yearly lows ahead of the FOMC rate decision- the battle-lines are drawn. Levels that matter on S&P 500, Nasdaq & Dow weekly technical charts.
Fed Day at DailyFX: Stocks in Focus as Fed Goes for 75 + QT + SEP
Fed day is here and markets are primed for a 75 basis point hike, along with assurances of more to go along with the start of QT. This is an…
EUR/GBP IG Client Sentiment: Our data shows traders are now at their least net-long EUR/GBP since May 09 when EUR/GBP traded near 0.86.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
Fed, ECB Surprise Drives Sentiment. Can DJI, FTSE & DAX Recover?
Markets on tenterhooks ahead of the Federal Reserve Meeting
USD/CAD Technical Outlook: Watch for Typical CAD Price Action
USD/CAD turned and burned the past week and now it is up against a big level of resistance; levels and lines to watch.
Russell 2000 – 1718 Key Level Broke – Expect Further Decline
Don't hold your breath as Indices are not done declining yet. Russell 2000 appears to have further price action left prior to bottoming out.
GBP/USD Price Setup Ahead of Crucial FOMC and BoE Rate Meetings
Later today we could see an aggressive 75 bps hike from the FOMC followed by the reluctant hikers at the BoE on Thursday, as the respective rate hike paths diverge
XAU/USD Price Forecast: Tipping Point for Gold as FOMC Looms? Recession Talk and USD in Focus
Spot gold is in for a rollercoaster ride today as the Fed rate decision approaches. A breakout for XAU/USD is also on the cards depending on the FOMC outcome.
USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since May 23, 2022 when USD/CAD traded near 1.28.
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.
EUR/USD Spikes on Surprise ECB Meeting to Address Bond Market Rout
ECB calls an ad-hoc meeting to address soaring global bond yields