• January 25, 2023
  • Market News
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WTI Oil Prints Evening Star Pattern; Further Downside Ahead?

WTI has found resistance at the 100-day MA as Chinese Holidays, inventory buildup and economic concerns weigh on prices....
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  • January 25, 2023
  • Market News
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Austrian Dollar Update: CPI Beat Reveals Worrying Trend for the RBA

The Australian dollar benefitted from higher-than-expected inflation data which turns the focus to the RBA early next month. Aus inflation data diverges from the US...
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  • January 25, 2023
  • Market News
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Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?

The gold price is pressing overnight highs as the US Dollar struggled to get a grip and CPI data revealed growing price pressures down under. How high can gold go?...
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  • January 25, 2023
  • Market News
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S&P 500 Marks Another Underwhelming Bullish Break – What Does It Mean?

From a trader’s perspective, what should be interpreted from a market that earns a technical break but then fails to generate the follow through that such a move would suggest? The S&P 500 has definitively cleared 4,000 but there was no follow through this past session. Can MSFT earnings or th...
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  • January 25, 2023
  • Market News
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Australian Dollar Jumps on Hot CPI Data. Where to for AUD/USD?

The Australian Dollar leapt higher immediately after headline CPI printed at 7.8% year-on-year to the end of December and might ask some questions of the RBA. Will AUD/USD rally?...
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  • January 25, 2023
  • Market News
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Microsoft Shares Surge After Hours on Mixed Earnings – A Dow Recharge Tomorrow?

Microsoft, the United States’ second largest company by market cap reported a mixed set of earnings after the close. Nevertheless, MSFT shares traded as much as 5 percent higher after the close, closing in on the closely observed 200-day moving average. Could this provide the charge needed to over...
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  • January 25, 2023
  • Market News
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US Dollar Grasps for Support at Eight Month Lows

The US Dollar continues to hold very near eight-month-lows and Friday brings a key inflation print to markets with the release of Core PCE....
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  • January 24, 2023
  • Market News
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USD Breaking News: Dollar Index (DXY) Pops on U.S. PMI Beat

The U.S. dollar found some bullish support post-PMI data which maintained its contractionary outcome but at a slower rate than previous prints....
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  • January 24, 2023
  • Market News
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Silver Price Outlook: XAG/USD Relief Rally Buoyed by Dollar Weakness

Silver prices have recovered a large portion of yesterday’s losses after testing psychological support at $23.00. With USD weakness driving gains, economic data could boost gains....
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  • January 24, 2023
  • Market News
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Gold Prices Power Ahead, Will XAU/USD Break $2,000 Soon?

The precious metal is testing a new multi-month high and with little in the way of resistance on the charts, gold may soon challenge $2,000/oz....
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