• January 26, 2023
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British Pound Latest: GBP/USD Testing Stubborn Resistance Again

The first look at US Q4 GDP hits the screens shortly and cable (GBP/USD) traders will be watching this release closely...
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  • January 26, 2023
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EUR/USD Consolidates Around the 1.09 Handle as the Dollar Index Remains Vulnerable

EUR/USD looking to break key long-term resistance around 1.0930. Will US GDP data provide the needed catalyst?...
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  • January 26, 2023
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Crude Oil Update: Steady Brent Looks to U.S. Data for Guidance

Brent crude oil prepares itself for key US economic data later today as it starts off the European session on the backfoot....
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  • January 26, 2023
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Japanese Yen Gains After Strong Demand at 2-Year Treasury Auction, Where to?

The Japanese Yen gained alongside a drop in US bond yields. The 2-year Treasury auction showed demand at its highest since 2020. Where to for USD/JPY?...
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  • January 26, 2023
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Dollar Tight Range to Be Tested by GDP and Fed’s Preferred Inflation Read

Risk trends continue to exhibit anxiety amid chop that fully undermining major technical levels. Meanwhile, the Dollar has been remarkably stoic with a 9-day range that rivals the year-end holiday trade. Will the forthcoming US GDP and PCE readings earn a breakout? What’s more, could a break turn ...
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  • January 26, 2023
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USDJPY Outlook: A Break Decided Between Rate Forecasts and Risk Trends

There are competing forces on Dollar, which have prevented the benchmark currency from developing a clear trend. Those competing fundamental winds are even more severe when it comes to USDJPY, which has further developed the month’s long channel. What could push this cross to break?...
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  • January 26, 2023
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S&P 500, Nasdaq, Dow Jones Forecast: 200 DMAs in Play

The S&P 500 found support at its 200-day moving average this morning, while the Nasdaq has its own 200 dma as key resistance and the Dow as key support....
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  • January 26, 2023
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CAD Breaking News: BoC’s 25bps Rate Hike Receives Dovish Reaction, Loonie on Offer

The Bank of Canada raised rates by 25bps this Wednesday leaving markets forecasting no more rate hikes to come for the year. USD/CAD finds support....
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  • January 25, 2023
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Bitcoin Price Forecast: BTC/USD Hesitant as Bullish Momentum Fades

Bitcoin prices have fallen back into a narrow range that has formed around the September high of $22,781. Will a break of this zone determine the next move for BTC?...
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  • January 25, 2023
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Euro Latest: EUR/USD Steady Near its Multi-Month High, German Ifo Report Cheers

Sentiment in the German economy ‘has brightened’ according to the latest Ifo report and this may give ECB a bit more ammunition as they continue to push for multiple rate hikes...
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