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Euro Breaking News: EUR on Offer Despite EZ PMI Upside Surprise

Euro Breaking News: EUR on Offer Despite EZ PMI Upside Surprise

EUR/USD dismissed better than expected eurozone PMI data ahead of today’s high impact US economic data....
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Crude Oil Forecast: Brent Bid on API and OPEC+ Ahead of Key US Data

Crude Oil Forecast: Brent Bid on API and OPEC+ Ahead of Key US Data

Stacked economic calendar for brent crude oil could dictate short-term directional bias ahead of U.S. holidays....
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NASDAQ 100 Index Technical Outlook: Room to Rise Further

NASDAQ 100 Index Technical Outlook: Room to Rise Further

The retreat since last week in the Nasdaq 100 index doesn’t appear to be the start of a new leg lower. Instead, the index could rise further in the ...
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British Pound Pauses as US Dollar Takes Stock of Fed Outlook. Will GBP/USD go Higher?

British Pound Pauses as US Dollar Takes Stock of Fed Outlook. Will GBP/USD go Higher?

The British Pound is anchored near the top end this week’s range after US Dollar gave some ground overnight with the focus on the Fed’s pace of ti...
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Hang Seng Index Technical Outlook: Signs of Fatigue?

Hang Seng Index Technical Outlook: Signs of Fatigue?

The Hang Seng Index (HSI) faces quite strong resistance, raising the chances that the three-week rebound could soon run its course. How could the tren...
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New Zealand Dollar Whipped by Jumbo Rate Hike. Will NZD/USD Rally Continue?

New Zealand Dollar Whipped by Jumbo Rate Hike. Will NZD/USD Rally Continue?

The New Zealand Dollar continued to firm after a jumbo 75 basis point rate hike by the RBNZ, setting a new record the central bank. Where to for NZD/U...
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S&P 500 at Risk of Breakout as PMIs Hit but Follow Through Would be a Problem

S&P 500 at Risk of Breakout as PMIs Hit but Follow Through Would be a Problem

We are coming into the final ‘full’ trading day of the US holiday-shortened week and there is both a provocative congestion pattern on the S&P...
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Gold’s Anti-Dollar Bounce Looks Like it Will Feel the Weight of Persistent Fed Forecasts

Gold’s Anti-Dollar Bounce Looks Like it Will Feel the Weight of Persistent Fed Forecasts

Gold is guided heavily by the US dollar just as most traditional fiat currencies tend to be. That said, the driving fundamental motivations for the Gr...
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S&P 500 Soars, US Dollar Sinks After Richmond Fed Manufacturing Data. All Eyes on RBNZ

S&P 500 Soars, US Dollar Sinks After Richmond Fed Manufacturing Data. All Eyes on RBNZ

The S&P 500 rallied up a storm as the US Dollar sank after softer Richmond Fed Manufacturing data underscored the slowing inflation story. Ahead, ...
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