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WTI Oil Prints Evening Star Pattern; Further Downside Ahead?

WTI Oil Prints Evening Star Pattern; Further Downside Ahead?

WTI has found resistance at the 100-day MA as Chinese Holidays, inventory buildup and economic concerns weigh on prices....
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Austrian Dollar Update: CPI Beat Reveals Worrying Trend for the RBA

Austrian Dollar Update: CPI Beat Reveals Worrying Trend for the RBA

The Australian dollar benefitted from higher-than-expected inflation data which turns the focus to the RBA early next month. Aus inflation data diverg...
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New Zealand Dollar Technical Outlook: Medium-Term NZD/USD Prospects Improving

New Zealand Dollar Technical Outlook: Medium-Term NZD/USD Prospects Improving

Medium-term prospects for NZD/USD are improving, suggesting that Wednesday’s drop could be short-lived. What are the key levels to watch?...
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Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?

Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?

The gold price is pressing overnight highs as the US Dollar struggled to get a grip and CPI data revealed growing price pressures down under. How high...
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Hang Seng Index Technical Outlook: Strong Upward Momentum

Hang Seng Index Technical Outlook: Strong Upward Momentum

Higher highs registered on the weekly charts suggests that the Hang Seng Index’s trend remains up on optimism related to China’s economic reopenin...
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S&P 500 Marks Another Underwhelming Bullish Break – What Does It Mean?

S&P 500 Marks Another Underwhelming Bullish Break – What Does It Mean?

From a trader’s perspective, what should be interpreted from a market that earns a technical break but then fails to generate the follow through tha...
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Australian Dollar Jumps on Hot CPI Data. Where to for AUD/USD?

Australian Dollar Jumps on Hot CPI Data. Where to for AUD/USD?

The Australian Dollar leapt higher immediately after headline CPI printed at 7.8% year-on-year to the end of December and might ask some questions of ...
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Microsoft Shares Surge After Hours on Mixed Earnings – A Dow Recharge Tomorrow?

Microsoft Shares Surge After Hours on Mixed Earnings – A Dow Recharge Tomorrow?

Microsoft, the United States’ second largest company by market cap reported a mixed set of earnings after the close. Nevertheless, MSFT shares trade...
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US Dollar Grasps for Support at Eight Month Lows

US Dollar Grasps for Support at Eight Month Lows

The US Dollar continues to hold very near eight-month-lows and Friday brings a key inflation print to markets with the release of Core PCE....
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