• November 30, 2022
  • Market News
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ADP Employment Misses Estimates, Biggest Slowdown Since January 2021

ADP Employment data miss strengthens the case for a slowdown in rate hikes from the Fed. Will Fed Chair Powell dent market optimism of a slowdown later in the day?...
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  • November 30, 2022
  • Market News
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USD in Review Ahead of PCE data – Inflation Remains a Key Driver of USD

Recent hawkish rhetoric from the Fed appeared to have little lasting effect on the dollar. Current short USD positioning reveals the market’s bet on lower inflation...
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  • November 30, 2022
  • Market News
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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets....
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  • November 30, 2022
  • Market News
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EUR/USD Update: Euro Area Inflation Declines for the First Time Since July 2021

EUR/USD bounces on Euro Area inflation beat. Long-term direction still unclear as markets await Fed Powell speech and NFP data....
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  • November 30, 2022
  • Market News
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Gold Price (XAU/USD) Edgy as Short-Dated US Yields Rise Ahead of Fed Speech

The precious metal is stuck in a holding pattern, waiting for Fed chair Jerome Powell’s speech on the Economy, Inflation, and the Labor Market, later in the session....
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  • November 30, 2022
  • Market News
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US Dollar Slides Ahead of Fed Chair Comments While Equities Weigh Growth Prospects

The US Dollar is on the back foot again ahead of commentary from the Federal Reserve Chair. If the Fed remains hawkish, will the market listen and it rescue the USD (DXY) Index?...
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  • November 30, 2022
  • Market News
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S&P 500 Faces Its First Serious Range Break Threat with Fed’s Powell Remarks

Event risk has started pick up this past session with US consumer confidence, Germany CPI and Canadian GDP. However, the fundamental stir that would follow this data wouldn’t rise to the scale to force the S&P 500 nor EURUSD from their narrowest 12-day ranges in months. That spark likely lies ...
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  • November 30, 2022
  • Market News
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Australian Dollar Gains Despite Soft Chinese PMI and Mixed Domestic Data. Lower AUD/USD?

The Australian Dollar had a look lower after China’s PMI disappointed at 48, while local statistics showed an economy at the crossroads. Where to for AUD/USD?...
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  • November 30, 2022
  • Market News
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Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds

The Canadian Dollar fell as a GDP slowdown cooled BoC rate hike bets. Still, USD/CAD’s near-term downtrend remains in play. AUD/USD is eyeing Chinese PMI data....
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  • November 30, 2022
  • Market News
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USDJPY Outlook Particularly Prone to Fed Messaging

The world’s largest central bank is going to absorb key event risk and is up against a media blackout before its next monetary policy decision. A concerted messaging effort will likely be put into play, and USDJPY may be among the most exposed of the major markets to how the forecasts land....
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