• October 27, 2022
  • Market News
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Meta Plunges Over 13% on Grim Earnings After Nasdaq Sinks

Meta Platforms Inc.—the Facebook parent company—reported disappointing third-quarter results, sending the stock down over 12% in after-hours trading....
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  • October 27, 2022
  • Market News
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DAX Rallies into Wedge Resistance as Breakout Potential Builds

The German Dax is testing a critical zone of resistance that could give rise to a potential breakout. Do bulls have what it takes to drive prices higher?...
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  • October 27, 2022
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S&P 500 Stages Big Turnaround Despite Microsoft & Alphabet Carnage, US GDP Eyed

The S&P 500 staged a remarkable comeback on Thursday, erasing steep losses from the cash open and rising slightly into positive territory amid falling U.S. Treasury yields....
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  • October 26, 2022
  • Market News
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Has the US Dollar Peaked? Double Top Breakdown Sinks to Support

The USD is pulling back after a double top formation triggered and started to fill-in; but whether this can be more than a pullback will likely depend on ECB tomorrow and the FOMC next week....
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  • October 26, 2022
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US Dollar Rand Price Outlook: USD/ZAR Sinks After a Rejection of 18.500

USD/ZAR has fallen after USD strength faltered. With SA finance minister Enoch Godongwa presenting the medium-term budget, the minor currency pair has temporarily stalled around 18.00....
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  • October 26, 2022
  • Market News
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Breaking News: Bank of Canada Raises Interest Rates by 0.50%

The Bank of Canada has elected to raise interest rates by 0.50% as policymakers look to reign in above-target inflation....
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  • October 26, 2022
  • Market News
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Bitcoin (BTC) Latest – Breaking Higher, A Change of Sentiment?

Bitcoin is starting to break higher and a close above $20.5k may set up the largest cryptocurrency by market cap for further gains....
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  • October 26, 2022
  • Market News
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Aussie Forecast: Fundamentals Suggest AUD Rise Plays into Bearish Outlook

Recent Fed speak has markets eying a ‘Fed pause’, elevating high beta assets like US equites and AUD. But weak iron ore pricing and slower RBA rate hikes puts AUD at risk...
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  • October 26, 2022
  • Market News
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Trading Economic Data Means Looking Past the Numbers

The monthly global round of economic data releases is crucial to the foreign exchange market, but reaction to the numbers is often complex....
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  • October 26, 2022
  • Market News
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GBP/USD Smashes Through Psychological 1.15 Level as PM Sunak Takes Charge

The Pound has benefitted from a weaker dollar and improving risk sentiment. It begs the question, how long will the rally last?...
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