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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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GBP/USD Technical Outlook: Scope For Further Gains

GBP/USD Technical Outlook: Scope For Further Gains

The British Pound’s break above key resistance this week suggests that the month-long rally has legs. What is the outlook and the signposts to watch...
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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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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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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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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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Canadian Dollar Technical Analysis: USDCAD, AUDCAD, GBPCAD, CADJPY Setups

Canadian Dollar Technical Analysis: USDCAD, AUDCAD, GBPCAD, CADJPY Setups

The Canadian Dollar is struggling against most major peers following the BoC’s smaller-than expected rate hike....
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