• November 3, 2022
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Gold Price Hammered as Fed Chair Powell’s Commentary Sends US Treasury Yields Soaring

Gold is within touching distance of making a fresh two-and-a-half-year low after US Treasury yields jumped following the latest FOMC meeting....
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  • November 3, 2022
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USD Forecast: DXY Pushes Upper Bounds of Key Technical Pattern Post-FOMC

The US dollar is trading higher this morning as markets digest the FOMC statement in a hawkish light ahead of tomorrow’s NFP....
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  • November 3, 2022
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S&P 500 and USDJPY: Where To After the Fed’s Hawkish Whiplash?

The Federal Reserve rate decision proved the volatility-inducing event that macro observers have come to expect. The S&P 500 suffered its biggest single-day loss on a Fed day of 2023 after a dramatic intraday reversal. What will the hawkish outlook from the US bank mean for risk assets like the ...
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  • November 3, 2022
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Gold Price Forecast: US Jobs Report in Focus as Traders Digest FOMC

Gold prices are moderating in Asia-Pacific hours as markets weigh the FOMC decision. The US jobs report on Friday may offer gold its next directional cue....
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  • November 3, 2022
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AUD/USD to Track 50-Day SMA amid Failure to Test October High

AUD/USD may track the negative slope in the 50-Day SMA (0.6552) following the failed attempts to test the October high (0.6547)....
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  • November 3, 2022
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Chinese Yuan Outlook: USD/CNH Test PBOC’s Patience as US Dollar Rises Post-FOMC

The Chinese Yuan is trading at its lowest level since January 2008 after the FOMC rate decision boosted the US Dollar. USD/CNH is breaking higher in early Asia-Pacific trading. Will the PBOC respond?...
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  • November 3, 2022
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Oil Price Holds Above 50-Day SMA to Eye October High

The price of oil may attempt to retrace the decline from the October high ($93.48) as it seems to be no longer responding to the negative slope in the 50-Day SMA ($86.44)....
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  • November 3, 2022
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Fed Hikes Rates by 75 bp and Alters Guidance; US Dollar Outlook Post-FOMC

The Federal Reserve delivered the fourth consecutive 75 basis point hike at its November meeting, bringing the policy rate to a range of 3.75-4.00%, in line with market expectations....
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  • November 3, 2022
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FTSE 100 Pressurized by Resistance as the Fed Takes Center Stage

FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms....
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  • November 2, 2022
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South Africa Top 40 Index (SA40) Wrestles with Resistance Below 62000

South Africa’s major stock index, SA40 continues to move higher despite heightened geopolitical risks and a resilient Dollar. Can the South Africa Top 40 index rise above 62000?...
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