• April 19, 2023
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USD/CAD Rises on Oil’s Slump, Nasdaq 100 Carves Double Top Pattern as Bears Lurk

The Canadian dollar retreated on Wednesday, pressured by falling oil prices. The Nasdaq 100 also moved lower, with the tech index carving out a bearish double top pattern on the two-hour chart....
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  • April 19, 2023
  • Market News
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FTSE, S&P 500 Latest: Inflation Concerns Weigh on Risk Appetite

UK CPI has led markets to anticipate a further 75 basis points of hikes to year end – weighing on the FTSE. Prominent Fed hawks have their say as S&P 500 finds resistance...
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  • April 19, 2023
  • Market News
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Gold (XAU/USD) Price Under Yield Pressure, Support Level Nears

The precious metal is testing near-term support as short-dated US Treasury yields press higher....
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  • April 19, 2023
  • Market News
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Breaking News: UK Inflation Holds Above 10% for the 7th Consecutive Month

GBP/USD remained quietly cautious after elevated inflation data ‘hawkishly’ re-priced the BoE’s interest rate path....
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  • April 19, 2023
  • Market News
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Gold Prices Gain as US Dollar Falls, Keep a Close Eye on Bearish Engulfing Follow-Through

Gold prices gained on Tuesday as the US Dollar fell. XAU/USD remains vulnerable to follow-through after a Bearish Engulfing emerged. How have retail traders changed their exposure?...
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  • April 19, 2023
  • Market News
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EUR/USD Bounces Off Confluence Support as Bulls Reemerge to Assert Market Control

EUR/USD pivots higher after two consecutive days of declines, with bulls swooping in to defend technical support and to spark a rebound off the psychological 1.0900 level....
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  • April 19, 2023
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Gold Prices Gain as US Dollar Resumes Drop, XAU/USD Bounces off Channel Support

Gold regains ground after a subdued performance on Monday, with prices rebounding off channel support near the psychological $2000 level....
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  • April 18, 2023
  • Market News
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USD/CAD Price Forecast: Canadian Inflation Reiterates BoC Outlook to Pause Rates

CAD bulls found backing from Chinese GDP, Canadian inflation and weak US building permit data this Tuesday. Loonie now testing a major inflection point....
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  • April 18, 2023
  • Market News
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Nasdaq 100 Update: US Stocks Gear up for Tech Earnings: Netflix, Tesla

Netflix and Tesla get the megacap tech stocks underway in the first earnings season of 2023. The Nasdaq has led other US indices as rate expectations and inflation ease...
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  • April 18, 2023
  • Market News
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EUR/USD Nudges Higher, German ZEW Misses as Economic Sentiment Wanes

The single currency is pushing higher against the greenback on US dollar weakness and eyes a re-test of 1.1000 in the near future....
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