• December 8, 2022
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Japanese Yen Struggles Against a US Dollar Finding Firmer Footing. Higher USD/JPY?

The Japanese Yen dipped today as GDP weighs and the US Dollar regains its ascendency with building concern for a significant slowdown next year. Where to for USD/JPY?...
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  • December 8, 2022
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Euro Bumped up by US Dollar Weakness and a GDP Beat. Where to for EUR/USD?

The Euro has steadied against the US Dollar on Thursday as the market ponders the path of Fed rate hikes and technical resistance levels remain overhead for now. Will EUR/USD rally?...
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  • December 8, 2022
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Crude Oil Price Outlook: WTI Set for Worst Week Since March? Falling Wedge in Focus

Crude oil prices are nearing a 10 percent loss this week, which would be the worst since March amid rising recession woes. WTI appears to be trading within a Falling Wedge chart pattern....
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  • December 8, 2022
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S&P 500 and USDJPY Abide Technical Ranges Even as Volatility and Recession Fears Grow

The economic docket is thinning out, shifting the focus from imminent volatility catalysts to anticipation for the heavy fundamental seas next week. That may or may not chasten the recent rebound in VIX, but it is likely to bolster the weight of technical barriers from the likes of the S&P 500 a...
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  • December 8, 2022
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Bitcoin Falling Wedge, Ethereum Triangle: Continued Consolidation

Bitcoin and Ethereum have been relatively calm given the headlines, with each market consolidating over the past few weeks....
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  • December 8, 2022
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Gold Builds Range But Fed Rate Decision and Recession Risk Adding Pressure

The false break reversal from Gold after the short-lived rally above the 200-day moving average has itself run out of momentum quickly, with the commodity up 1.1 percent Wednesday. While the recently developed range is young, anticipation for next week’s FOMC decision could anchor the metal as rea...
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  • December 8, 2022
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Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD

The Canadian Dollar has been one of the weakest currencies in the world over the past few weeks and the Bank of Canada just took a dovish turn – can more CAD weakness be on the way?...
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  • December 8, 2022
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Bank of Canada Hikes by 50 bps and Signals Potential end to Rate Hikes

The BoC hiked by 50 basis points bringing the overnight rate to 4.25% and will consider if rates need to rise further, suggesting we may have seen the last hike...
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  • December 7, 2022
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DAX Technical Outlook: German Equities Weighed Down by Bleak Outlook

The German Dax is trading lower after bulls failed to rise above major Fibonacci resistance. As prices test technical support, a move lower could drive bearish momentum....
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  • December 7, 2022
  • Market News
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Major Forex Trading Sessions from Around the World

All traders should know of the 3 major forex trading sessions which comprise the 24-hour market....
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