• November 23, 2022
  • Market News
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Crude Oil Forecast: Brent Bid on API and OPEC+ Ahead of Key US Data

Stacked economic calendar for brent crude oil could dictate short-term directional bias ahead of U.S. holidays....
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  • November 23, 2022
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British Pound Pauses as US Dollar Takes Stock of Fed Outlook. Will GBP/USD go Higher?

The British Pound is anchored near the top end this week’s range after US Dollar gave some ground overnight with the focus on the Fed’s pace of tightening. Where to for GBP/USD?...
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  • November 23, 2022
  • Market News
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S&P 500 at Risk of Breakout as PMIs Hit but Follow Through Would be a Problem

We are coming into the final ‘full’ trading day of the US holiday-shortened week and there is both a provocative congestion pattern on the S&P 500 and meaningful event risk on tap. A break is possible, but any potential of follow through is capped by liquidity conditions....
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  • November 23, 2022
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New Zealand Dollar Whipped by Jumbo Rate Hike. Will NZD/USD Rally Continue?

The New Zealand Dollar continued to firm after a jumbo 75 basis point rate hike by the RBNZ, setting a new record the central bank. Where to for NZD/USD?...
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  • November 23, 2022
  • Market News
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S&P 500 Soars, US Dollar Sinks After Richmond Fed Manufacturing Data. All Eyes on RBNZ

The S&P 500 rallied up a storm as the US Dollar sank after softer Richmond Fed Manufacturing data underscored the slowing inflation story. Ahead, all eyes are on the RBNZ rate decision....
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  • November 23, 2022
  • Market News
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Gold’s Anti-Dollar Bounce Looks Like it Will Feel the Weight of Persistent Fed Forecasts

Gold is guided heavily by the US dollar just as most traditional fiat currencies tend to be. That said, the driving fundamental motivations for the Greenback will have a greater weight over the precious metal. And, that puts the focus on Fed forecasts....
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  • November 23, 2022
  • Market News
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US Dollar Techs Post-Minutes: EUR/USD, GBP/USD, USD/CAD

The US Dollar broke out to start the week and then pulled back to test support ahead of the release of FOMC meeting minutes from the November rate decision....
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  • November 23, 2022
  • Market News
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US Equity Futures Supported by Earnings Despite Hawkish Fed

Nasdaq 100, S&P 500 and Dow Jones are trading higher despite growing fundamental risks. FOMC meeting minutes ahead while trading volume subsides...
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  • November 23, 2022
  • Market News
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RBNZ Preview: Why the RBNZ May Favor 75 bps so Late into the Cycle

New data since the Reserve Bank of New Zealand’s October meeting suggests that a 75 basis point hike may be preferred to the 50 bps hikes deployed thus far...
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  • November 22, 2022
  • Market News
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Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/GBP

EUR/USD is testing lower-high resistance after pushing down to a fresh weekly low yesterday – but are Euro bears read to re-take control of the single currency?...
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