• January 5, 2023
  • Market News
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FTSE 100 Technical Outlook – Running Into a Zone of Resistance

The FTSE 100 is touching a fresh multi-month high and looks set to challenge last year’s peak....
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  • January 5, 2023
  • Market News
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US Dollar (DXY) Shrugs Off the Fed, Focus Now Turns to NFPs

The US dollar is little changed after the release of last night’s FOMC minutes and traders will hope that Friday’s labor report will give the greenback a boost....
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  • January 5, 2023
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Canadian Dollar Forecast: USD/CAD Bearish Engulf Resisted by Stronger USD

USD/CAD hovers around the 1.35 support level ahead of key U.S. and Canadian economic data....
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  • January 5, 2023
  • Market News
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Japanese Yen in Focus as Crude Oil Sails South. Will Lower Energy Prices Sink USD/JPY?

The Japanese Yen has steadied after losing ground to the US Dollar overnight after the Federal Reserve reiterated that rates are going higher for longer. Where to for USD/JPY?...
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  • January 5, 2023
  • Market News
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Crude Oil Price Hammered by Growth Concern but Steadies Today. Where to for WTI?

Crude oil sunk on concerns around global growth on the back of IMF warnings, China uncertainty and the Federal Reserve making its case for slowing the US economy. Will WTI rebound?...
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  • January 5, 2023
  • Market News
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EURUSD Breakout Falters as Market Doubts Fed Commitment

The minutes to the Fed’s December 13th-14th policy meeting and 50 basis point rate hike held a consistent message for the markets: inflation is the focus and further rate hikes are ahead. Yet, the market still doubts the group’s commitment which further undermined the Dollar’s charge....
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  • January 5, 2023
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As Australian Dollar Soars on Chinese Economic Bets, AUD/USD Struggles at Resistance

The Australian Dollar soared on Wednesday as traders boosted Chinese economic confidence. Still, AUD/USD was unable to clear key resistance, maintaining a neutral bias....
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  • January 5, 2023
  • Market News
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S&P 500, Nasdaq, Dow Jones: Range Through FOMC Minutes, NFP on Deck

Equities are ranging and the S&P is coiling into a tighter consolidation formation as a symmetrical triangle has built inside of a rectangle formation....
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  • January 5, 2023
  • Market News
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Dollar Recovery Remains Unclear After FOMC Minutes Keeps Inflation in Focus

The Federal Reserve released the transcript of its controversial December rate decision. Despite a clear focus holding to inflation, the markets remain unfazed in discounting their intentions with the Dollar waffling while Treasury yields hold firm....
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  • January 5, 2023
  • Market News
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Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY, CAD/JPY

USD/JPY has dropped by more than 1,000 pips from the Q4 high – is more Yen-strength afoot?...
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