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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

Posted by By 01/06/2022Posted inForex
The US Dollar just printed its first bearish monthly bar of 2022 trade. Non-farm Payrolls is released on Friday and the Fed is waiting in the wings for their rate…
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Bank of Canada Delivers Hawkish 50 bp Hike, Pledges to Act Forcefully; USD/CAD Subdued

Posted by By 01/06/2022Posted inForex
Bank of Canada raises rates by 50 bp to 1.50% in bid to tackle inflation, signaling that borrowing costs will need to rise further and that the bank is prepared…
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The New York Session: Forex Trading Tips

Posted by By 01/06/2022Posted inForex
When the US session overlaps with the London session it is considered the most liquid period of the day.
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Crude Oil Price Forecast: Reversal Exposes Downside

Posted by By 01/06/2022Posted inForex
WTI oil started out the week strong, but with it swiftly reversing lower the outlook is now towards lower prices in the near-term.
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Sterling Price Forecast: GBP/USD Bullish Momentum Stalls Ahead of NFP

Posted by By 01/06/2022Posted inForex
In the absence of high impact UK data, we turn to the US for insight into GBP/USD price action. A whole host of Fed speakers, ISM data and NFP data…
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Euro Price Forecast: Is the EUR/USD Bear Market Rally Coming to an End?

Posted by By 01/06/2022Posted inForex
EUR/USD may be making a turn lower after growth prospects were muted by the Russian oil embargo, while key ECB and Fed speeches are expected later today.
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Canadian Dollar Forecast: BoC to Hike, USD/CAD Falls into Support

Posted by By 01/06/2022Posted inForex
BoC risks a hawkish disappointment. USD/CAD testing support
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Crude Oil Dips on OPEC Plans to Ditch Russia and US Dollar Firms. New Highs for WTI?

Posted by By 01/06/2022Posted inForex
Crude oil prices tried higher but a report from OPEC saw it slip lower while the US Dollar caught an up draft on higher Treasury yields. Where to for WTI?
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Australian Dollar Slipped Post GDP Amid Rising Risks on Several Fronts. Lower AUD/USD?

Posted by By 01/06/2022Posted inForex
The Australian Dollar failed to find support after GDP numbers showed solid growth domestically as risks from Ukraine war, China Covid policy and USD remain.
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Nasdaq 100 Fails to Sustain Bullish Momentum, Falls 1.65% in May; NFP Eyed this Week

Posted by By 31/05/2022Posted inForex
Nasdaq 100 slides on Tuesday amid failure to sustain the previous week’s bullish momentum. After the session's modest pullback, the tech index falls 1.65% in May, following a 13.37% drop…
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