• November 4, 2022
  • Market News
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USD/CAD Reverses Ahead of 50-Day SMA to Eye Yearly High

USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as it reverses ahead of the 50-Day SMA (1.3248)....
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  • November 4, 2022
  • Market News
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S&P 500 Clobbered by Fed’s Hawkish Guidance, NFP Eyed for Market Direction

The S&P 500 extends the Fed-induced sell-off on Thursday as traders bet that the central bank’s terminal rate will have to drift higher to slow inflation despite mounting recession risks....
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  • November 4, 2022
  • Market News
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Bitcoin Price Outlook: BTC/USD Bounces Back Despite a Strong US Dollar

Bitcoin prices have bounced back after a temporary retest of $20039. With rising US yields and a strong USD driving sentiment, how long can the range hold?...
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  • November 4, 2022
  • Market News
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US Rates Surge Following Hawkish FOMC Hike – NFPs Eyed

US Treasury yields are pushing higher as the Fed says rates need to go higher than previously expected....
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  • November 4, 2022
  • Market News
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USD Strength, Rising Yields Crush Stock Indices: Dax, Dow & FTSE Fall

The FOMC created turmoil for stocks after Fed Chair Jerome Powell announced that higher rates are likely to remain. As the US Dollar rips higher, Dax, Dow and FTSE fall....
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  • November 3, 2022
  • Market News
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British Pound Breaks Down on BoE’s .75% Hike: GBP/USD, GBP/JPY

It was a sobering outlook from the Bank of England, warning of a ‘very challenging’ environment ahead for a U.K. economy that is already in recession....
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  • November 3, 2022
  • Market News
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ISM Services PMI Misses Expectations, Market’s Focus Shifts to NFP Data for Fed Clues

October U.S. services sector PMI clocks in at 54.4 versus 55.5 expected, a big step down from the previous month reading of 56.7, a sign that economic activity continues to decelerate....
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  • November 3, 2022
  • Market News
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GBP Breaking News: Pound Steady as BoE Hike Rates by 75bp

BoE delivers largest rate hike in 33 years. Sterling relatively unchanged as BoE says UK is already in a recession since Q3....
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  • November 3, 2022
  • Market News
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EUR/USD Heads Lower, ECB Can’t Match Fed Firepower

The perception that the US central bank is more willing and able to raise borrowing costs has only sharpened following Wednesday’s session....
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  • November 3, 2022
  • Market News
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Trading the London Session: Guide for Forex Traders

Discover the London FX session, the best currency pairs to trade and how to trade breakouts....
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