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Nasdaq and Dollar Drop on Different Drivers, Prepare for a Lot More Event Risk Ahead

Nasdaq and Dollar Drop on Different Drivers, Prepare for a Lot More Event Risk Ahead

We have closed out a volatile session stirred by FAANG earnings, a BOC rate hike surprise and growing fear over a recession. Looking ahead, we will hi...
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Crude Oil Forecast: WTI Aims for October High as US Exports Surge Ahead of Russian Fuel Ban

Crude Oil Forecast: WTI Aims for October High as US Exports Surge Ahead of Russian Fuel Ban

WTI and Brent crude oil prices are little changed after US inventory data revealed record high exports. An upcoming Russian fuel ban by the EU is disr...
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Euro Shoots Higher as US Dollar Drops Ahead of ECB Rate Decision. Where to for EUR/USD?

Euro Shoots Higher as US Dollar Drops Ahead of ECB Rate Decision. Where to for EUR/USD?

The Euro has rallied hard against the US Dollar as central bank policy moves are in focus with the ECB meeting today and the Federal Reserve next week...
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AUD/USD to Test 50-Day SMA on Break Above Monthly Opening Range

AUD/USD to Test 50-Day SMA on Break Above Monthly Opening Range

AUD/USD may attempt to test the 50-Day SMA (0.6593) if the exchange rate clears the opening range for October....
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Chinese Yuan Sees Record One-Day Move on US Dollar Selling as Industrial Profits Near

Chinese Yuan Sees Record One-Day Move on US Dollar Selling as Industrial Profits Near

The Chinese Yuan soared against the US Dollar as US stocks plummeted on weak tech earnings. Chinese industrial profits are in focus as Asia-Pacific tr...
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Gold Price on Track to Test 50-Day SMA Ahead of US PCE Report

Gold Price on Track to Test 50-Day SMA Ahead of US PCE Report

The price of gold may continue to retrace the decline from the monthly high ($1730) as it appears to be on track to test the 50-Day SMA ($1689)....
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Meta Plunges Over 13% on Grim Earnings After Nasdaq Sinks

Meta Plunges Over 13% on Grim Earnings After Nasdaq Sinks

Meta Platforms Inc.—the Facebook parent company—reported disappointing third-quarter results, sending the stock down over 12% in after-hours tradi...
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DAX Rallies into Wedge Resistance as Breakout Potential Builds

DAX Rallies into Wedge Resistance as Breakout Potential Builds

The German Dax is testing a critical zone of resistance that could give rise to a potential breakout. Do bulls have what it takes to drive prices high...
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Australian Dollar Technical Forecast: AUD/USD Rally Eyes First Hurdle

Australian Dollar Technical Forecast: AUD/USD Rally Eyes First Hurdle

Australian Dollar surged more than 5% off the yearly low with the rally threatening to test the 2022 downtrend. Levels that matter on the AUD/USD week...
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