• November 2, 2022
  • Market News
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German DAX Breaks Major Resistance but Bullish Momentum Stalls

The Dax 40 has managed to rise above prior wedge resistance at the key psychological level of 13200 driving prices towards the next barrier of technical resistance at the September high of 13572....
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  • November 1, 2022
  • Market News
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Breaking News: ISM PMI Offers Upside Surprise, Remains in Expansion Territory

US Manufacturing PMI comes in hot as traders prepare for tomorrow’s FOMC meeting....
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  • November 1, 2022
  • Market News
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WTI Oil Poised for Triangle Breakout as Economic Headwinds Mount

WTI arrests slide as it posts first month of gains since May. Technicals are lining up for a potential breakout....
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  • November 1, 2022
  • Market News
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Bitcoin (BTC) Prices Stumble into Technical Support Ahead of FOMC

Bitcoin prices are struggling to gain momentum after a slight recovery last week. With the Fed and BoE rate decisions on the horizon, BTC may continue to be challenged by technical areas of support and resistance....
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  • November 1, 2022
  • Market News
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USD/JPY Slips Back As Market Looks To Fed Chair Powell

The Japanese Yen remains under severe pressure as global interest rate rises leave it a yield laggard....
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  • November 1, 2022
  • Market News
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EUR/USD Stuck Below Parity, All Eyes Turn to The Fed

The Euro is biding time ahead of Wednesday’s Fed decision and remains stuck below 1.000 after a brief foray higher at the end of last week....
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  • November 1, 2022
  • Market News
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British Pound News: GBP Dictated by USD Ahead of FOMC

GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions....
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  • November 1, 2022
  • Market News
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The US Dollar Eased as Treasury Yields Slipped and Risk Appetite Picked Up

The US Dollar has given up some ground so far today with a slide in Treasury yields and PMI data providing some relief for equity bulls. Will the US Dollar reclaim new highs?...
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  • November 1, 2022
  • Market News
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Australian Dollar Dips After RBA Hike by 0.25% as Expected. Where to for AUD/USD?

The Australian Dollar weakened after the RBA raised the cash rate target by 25 basis points to 2.85% as the central bank slows down the inflation fight. Will AUD/USD go lower?...
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  • November 1, 2022
  • Market News
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Dow Closes Out Its Best Month Since 1976 But Fed Anticipation Will Throttle

We have closed out the month of October in pretty dramatic fashion with the Dow Jones Industrial Average earnings its biggest single-month’s rally since January 1976. That wasn’t a universal charge however and the immediate outlook is facing some immediate throttling in the form of FOMC anticipa...
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