• October 27, 2023
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Nasdaq 100 Forecast: Cluster Support in Play after Breakdown. More Pain Ahead?

The Nasdaq 100 broke down after breaching a key technical floor, hitting its lowest level since late May. More pain could be ahead for the technology index if the bulls are unable to defend cluster support in the 14,150/13,930 range....
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  • October 27, 2023
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Oil Price Forecast: WTI Rangebound as Demand Concerns Resurface. $80 a Barrel Incoming?

Oil prices failed to maintain yesterday’s bullish momentum as markets anticipate a drop in demand in Q4 from both the US and Europe. Is WTI finally heading back to the 80.00 mark?...
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  • October 27, 2023
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British Pound Forecast: GBP/USD Bounded by Fibonacci Support & Trendline Resistance

This article looks at GBP/USD from a technical standpoint, highlighting critical price levels that could come into play and act as short-term support or resistance....
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  • October 27, 2023
  • Market News
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FX Intervention Watch: USD/JPY Breaches 150 Ahead of US PCE

USD/JPY tested the resolve of Japanese officials with latest venture above 150. US data continues its tendency to outperform after GDP, PCE next...
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  • October 26, 2023
  • Market News
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US Q3 GDP Smashes Estimates as the DXY and Gold Adopt a Cautious Approach

US Economy expanded an annualized 4.9% in the third quarter of 2023, the most since the last quarter of 2021. Largely expected by analysts and with the DXY in overbought territory we are seeing signs of caution from Market participants....
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  • October 26, 2023
  • Market News
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Euro (EUR) Latest: ECB Leaves Interest Rates Unchanged, EUR/USD Slips Lower

The European Central Bank (ECB) left all three key rates unchanged today leaving EUR/USD at the mercy of upcoming US data....
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  • October 26, 2023
  • Market News
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Nasdaq 100, Nikkei 225 and S&P 500 all Come Under Fresh Pressure

Rising yields have put more pressure on stocks, with indices hitting fresh multi-month lows....
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  • October 26, 2023
  • Market News
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GBP/USD Falls Ahead of High Importance US Data

Cable loses ground against a rejuvenated US dollar ahead of top tier US GDP and inflation data. Central bank meetings from the Fed and BoE on the agenda next week...
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  • October 26, 2023
  • Market News
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US Indices Beginning to Look Vulnerable; S&P 500, Nasdaq, Dow Price Setups

US indices are looking vulnerable to a move lower amid higher for longer rates view, disappointing earnings and geopolitical tensions. What is the outlook and what are the key levels to watch in the S&P 500, Nasdaq 100, and DJIA??...
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  • October 26, 2023
  • Market News
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Gold Price Ignores Rising Treasury Yields and a US Dollar Rally. Higher XAU/USD?

The gold price surged toward recent peaks today despite the US Dollar reasserting its ascendency and Treasury yields back on the march higher. Where to for XAU/USD?...
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