• December 23, 2022
  • Market News
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Will EURUSD Earn a Break with NZDUSD Sliding and S&P 500 Swinging?

We have seen some remarkable volatility from the markets heading into a known liquidity drain with the holiday weekend dead ahead. The volatility and breaks that we have seen from the likes of the S&P 500 and NZDUSD will likely struggle for follow through, but can EURUSD at least join in on the ...
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  • December 23, 2022
  • Market News
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Stocks Slide into Support, PCE, Consumer Sentiment on Deck

A strong final reading of Q3 GDP gave bears some room to work today, but the S&P and the Dow put in strong bounces from key supports....
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  • December 23, 2022
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S&P 500 Tumble Pressures Important Support as Liquidity Makes for Sloppy Conditions

Risk off was in effect through Thursday trade and there was plenty of blame being foisted on rate forecasts and recession fears. Yet, the volatility is more likely a by-product of the rapidly fading liquidity heading into the holiday weekend. What does that mean for the S&P 500 as it pressures t...
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  • December 23, 2022
  • Market News
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The USD has held support at a key spot of prior resistance for more than week now, but can bulls evoke a push ahead of the holiday weekend with PCE on the calendar for tomorrow?...
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  • December 22, 2022
  • Market News
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Crude Oil Forecast: WTI Breakout Extends on Chinese Optimism & Weaker USD

WTI crude could pierce above the $80 per barrel level today should US GDP come in line or exceed forecasts....
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  • December 22, 2022
  • Market News
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Gold (XAU/USD) Consolidates Near 1-Week High, Wedge Breakout Imminent?

Spot gold’s rally saw it test 1-week highs before finding resistance at the top of the wedge pattern. Will we see a breakout or another retracement toward the 200-day MA?...
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  • December 22, 2022
  • Market News
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EUR/USD Forecast: ECB’s de Guindos’ Hawkish Sentiments Strengthens Euro

EUR/USD remains elevated but at risk of fading upside ahead of U.S. GDP later today....
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  • December 22, 2022
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GBP/USD Edges Higher Despite UK GDP Shrinking More Than Expected in Q3

UK GDP Shrank more than expected in Q3 as recession fears received further validation. GBP/USD flirts with the 200-day MA, Break or Bounce…?...
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  • December 22, 2022
  • Market News
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US Dollar Slides As Markets Take Stock Ahead of Holidays. Where to for USD?

The US Dollar is weaker today as markets appear to be putting the cue back in the rack ahead of the holidays next week. Will thin trading conditions undermine the DXY (USD) Index?...
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  • December 22, 2022
  • Market News
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Japanese Yen Recoils Amid Recalibration After BoJ Shock. Will USD/JPY Go Lower?

The Japanese Yen appears perplexed against the US Dollar as markets try to decipher the implications of the Bank of Japan’s shift in yield curve control. Where to for USD/JPY?...
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