• December 9, 2022
  • Market News
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EUR/USD at Key Inflection Point Ahead of US PPI Data

EUR/USD looks to break the 1.0600 level for the second time this week. A break higher does not seem sustainable given what lies ahead next week....
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  • December 9, 2022
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What’s the Probability of an End of Week S&P 500 or GBPUSD Break?

We are coming to the end of the week and a bookend of notable event risk stands between us and the weekend. With the S&P 500 and Dollar based majors carving out historically narrow ranges, there is some potential for breakouts. However, look closely at the statistical ranges and think hard on th...
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  • December 9, 2022
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Gold Prices and US Dollar Turn to PPI and Sentiment Data Before the Weekend

Gold prices marked time as the US Dollar and Treasury yields diverged on Thursday. Ahead, XAU/USD and DXY face US PPI and consumer sentiment data before the weekend....
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  • December 9, 2022
  • Market News
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Dow, DAX 40 and FTSE 100 Show Similar Setups Before Similar Event Risk

Over a 24 hour-period next week, three of the largest central banks in the world are expected to update their monetary policy. The weight of the Fed, ECB and BOE rate decisions ahead seems to contrast the top-heavy consolidation we have seen from the Dow, DAX 40 and FTSE 100. Here’s the overview....
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  • December 9, 2022
  • Market News
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Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/GBP

EUR/USD is working on a key spot of resistance ahead of a big batch of Central Bank meetings next week, but EUR/JPY may be more enticing for Euro bears if it can hold resistance....
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  • December 9, 2022
  • Market News
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GBP/USD Outlook: Pound Dollar Lacks Conviction as Price Action Stalls

GBP/USD has fallen into a technically significant zone after a strong rebound off the September high drove price action into barrier of resistance that remains intact....
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  • December 8, 2022
  • Market News
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S&P 500 and Nasdaq 100 Latest – Bearish Sentiment Prevails Ahead of the Fed

US equity markets are stabilizing just off their weekly lows in thin turnover with little in the way of data or events to help shift market sentiment....
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  • December 8, 2022
  • Market News
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WTI Tests Biden’s Price Range for SPR Refills after Yesterday’s Fresh Yearly Low

The WTI bear trend continues despite OPEC+ output cuts and positive re-opening news out of China. Can Biden’s target price for SPR refills act as an artificial price floor?...
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  • December 8, 2022
  • Market News
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USD/CAD Eyeing Upside Breakout Following Dovish BoC Rate Hike

The Bank of Canada hiked rates by 50bps accompanied by a dovish outlook keeping USDCAD on the offensive. YTD high looks vulnerable as FOMC approaches....
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  • December 8, 2022
  • Market News
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AUD/USD Forecast: Aussie Steady but Key 0.67 Level at Risk

AUD/USD is trading at key technical levels that may result in a weaker Aussie dollar ahead of next week’s Fed rate decision....
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