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British Pound Backflips as Market Digests US CPI and Possible Fed Actions

British Pound Backflips as Market Digests US CPI and Possible Fed Actions

The British Pound gained after US Dollar ascendency collapsed despite a hotter and expected US CPI created a series of reversals across many markets. ...
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Singapore Dollar Technical Outlook: USD/SGD, AUD/SGD, NZD/SGD. A Pause in the Trend?

Singapore Dollar Technical Outlook: USD/SGD, AUD/SGD, NZD/SGD. A Pause in the Trend?

A short-term breather in recent trends could be in the cards for the Singapore Dollar.The uptrend in USD/SGD and the downtrends in AUD/SGD and NZD/SGD...
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S&P 500, Dollar and Pound Volatility Can Carry Over to Important Friday Docket

S&P 500, Dollar and Pound Volatility Can Carry Over to Important Friday Docket

US core inflation accelerated to its fastest pace of growth in four decades and the market’s expectations for a fourth consecutive 75bp rate hike mo...
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Gold Price Vulnerable After Failing to Defend Monthly Opening Range

Gold Price Vulnerable After Failing to Defend Monthly Opening Range

The price of gold may struggle to retain the rebound from the yearly low ($1615) as it fails to defend the opening range for October....
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Australian Dollar Clings on After US CPI, Be Wary of USD/JPY Intervention as Yen Falls

Australian Dollar Clings on After US CPI, Be Wary of USD/JPY Intervention as Yen Falls

The Australian Dollar was whipsawed by a violent reaction to the stronger US CPI report. Be wary of violent USD/JPY price action as the pair climbs pa...
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Crude Oil Price Forecast: Bull Flag Formation Takes Shape

Crude Oil Price Forecast: Bull Flag Formation Takes Shape

The price of oil may continue to hold above the 50-Day SMA ($87.58) as a bull-flag formation appears to be taking shape....
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S&P 500 Stages Big Comeback; JPMorgan, Wells Fargo & Citigroup Earnings Eyed

S&P 500 Stages Big Comeback; JPMorgan, Wells Fargo & Citigroup Earnings Eyed

The S&P 500 rebounded from big losses triggered by hotter-than-expected U.S. CPI data, rallying more than 2.5% at the market close ahead of the of...
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

The pace of rate hikes from the Bank of Canada, Reserve Bank of Australia, and Reserve Bank of New Zealand is anticipated to slowdown....
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US Dollar Forecast: USD/JPY Hits Fresh Yearly High, but DXY Index Reverses After CPI

US Dollar Forecast: USD/JPY Hits Fresh Yearly High, but DXY Index Reverses After CPI

Another hot US inflation report has led to a great deal of volatility in USD-pairs....
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