• January 10, 2023
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Japanese Yen at Crossroads as US Dollar Sinks on Fed Comments. Where to for USD/JPY?

The Japanese Yen has struggled to make headway against a US Dollar that slipped lower elsewhere amid a Federal Reserve re-iterating its high for longer rate path. Will USD/JPY go lower?...
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  • January 10, 2023
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US Dollar Slides to New Lows after Fed Cites CPI as Key to Hikes. Where to for USD?

The US Dollar is weaker today after Fed speakers opined a less hawkish stance that will depend on this week’s CPI and China looks toward stimulus measures. Where to for DXY (USD) Index?...
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  • January 10, 2023
  • Market News
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Dow and S&P 500 Breakout Collapses But Dollar Holds Onto Losses with Powell Ahead

At the open for trade this week, it seemed that the US indices would extend Friday’s rally to notch further technical breakouts; but conviction evaporated and we were left with troubling reversals. Meanwhile, the Dollar’s extended losses are proving stickier but Fed’s Powell could change that ...
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  • January 10, 2023
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USDCAD Breaks Lower as Rate Forecasts Shift Out of Fed’s Favor

The US Dollar has taken a hit over the last 48 hours of active trading. For USDCAD, the technical break looks productive; but it is the fundamental backdrop that will fulfill the potential for momentum. While commodity correlations may present some feeder, it is relative rate speculation that is pro...
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  • January 10, 2023
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S&P 500, Nasdaq Extend Gains While Inflation Expectations Ease

US equity futures have extended gains while US inflation expectations declined. With S&P 500 and Nasdaq futures clearing resistance, USD remains strained ahead of US CPI....
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  • January 9, 2023
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US Dollar Sinks to Support After PMIs: CPI Data Ahead

The US Dollar is moving down to a fresh low, fast approaching a spot of confluent support around the 103 handle on DXY....
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  • January 9, 2023
  • Market News
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Bitcoin (BTC/USD) Running Into Resistance, Ethereum (ETH/USD) Outperforms

Bitcoin has been edging higher over the last few days and is on course to re-test an important level of resistance....
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  • January 9, 2023
  • Market News
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Gold, Silver Technical Forecast: Gold’s Rapid Rise Meets Resistance, Silver Cools

Gold and silver enjoyed months of price appreciation as the USD selloff took shape. Silver appears to be cooling faster although, XAU/USD faces stern resistance at 1875...
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  • January 9, 2023
  • Market News
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British Pound Update: GBP/USD Rallies on US Dollar Weakness

Cable is continuing to push higher this morning with the move driven by ongoing weakness in the US dollar after Friday’s woeful US ISM data....
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  • January 9, 2023
  • Market News
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EUR/USD Forecast: Softening U.S. Inflation Potential Pillars Euro

The EUR/USD has benefited from the recent dollar sell-off ahead of the highly anticipated U.S. CPI print later this week....
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