• December 6, 2022
  • Market News
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USD/JPY Records its Largest Daily Gain Since Mid-June, More Upside Ahead?

USD/JPY consolidates following yesterday’s gains. Due to the lack of economic data any further moves are likely to be driven by the dollar index....
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  • December 6, 2022
  • Market News
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Euro (EUR/USD) Outlook Muted Ahead of ECB and Fed Policy Decisions

With little data or events of note on the economic calendar today, traders will start looking ahead to next week’s FOMC and ECB all important policy decisions...
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  • December 6, 2022
  • Market News
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GBP Update: Spirited Pound May be Losing Ascendency Against the USD

GBP/USD is trading at key technical levels as the dollar finds support from U.S. economic data....
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  • December 6, 2022
  • Market News
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Crude Oil Ponders Course as Markets Fears the Return of the Fedi. Lower WTI?

The Euro backed away from parity again after the US Dollar ascendency got back on track after the Federal Reserve got its message across loud and clear. Where to for EUR/USD?...
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  • December 6, 2022
  • Market News
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Australian Dollar Yawned After RBA Hike by 0.25% as Expected. Where to for AUD/USD?

The Australian Dollar was little changed after the RBA raised the cash rate target by 25 basis points to 3.10% as the central bank goes into a 2-month hiatus. Will AUD/USD go lower?...
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  • December 6, 2022
  • Market News
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Gold Price Sinks on ISM Services Surprise, XAU/USD Bearish Technical Warning Eyed

Gold prices sank on Monday as the US Dollar gained after an unexpectedly strong ISM Services print. XAU/USD left behind a bearish Evening Star, will that spell trouble ahead?...
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  • December 6, 2022
  • Market News
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Japanese Yen Tumbles as US Dollar Soars, Australian Dollar Turns to the RBA Next

The Japanese Yen slumped, sending USD/JPY higher in a very rare move as the US Dollar gained and stocks dropped. Ahead, the Australian Dollar is eyeing a likely RBA rate hike....
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  • December 6, 2022
  • Market News
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Dollar and Risk Asset Reversals Throw Off Anticipation of Major Tend Developments

There was some exceptional volatility last week and the hints of tentative trend developments – most notably a breakdown of the Dollar and attempted rally for US indices. Yet, those moves have abated to start the new week with data and technical levels playing a bigger role in market conviction....
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  • December 6, 2022
  • Market News
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S&P 500 Technical Analysis: Trendline Resistance, 4k Support Test

The S&P 500 found resistance last week at a key spot, but is this a mere speed bump for bulls on the way to a Santa rally? Or are bears gearing up for another downside push?...
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  • December 6, 2022
  • Market News
  • Comments : 0

USDJPY Attempts to Pull Out of Bear Wave as Retail FX Traders Flip Net Long

The Dollar has enjoyed a broad bounce to start the week and USDJPY is one key pair that is seeing the turn work around major technical levels. There is technical precedence from earlier this year that suggests such a large jump can revive bulls – but is the prevailing trend still bullish?...
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