• October 24, 2022
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British Pound Bounces After Boris Backdown Amid US Dollar Strengthening

The British pound has found firmer footing after Boris Johnson pulled out the race to be Prime Minister. The US Dollar resumed ascending elsewhere as growth risks re-emerge....
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  • October 24, 2022
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Japanese Yen Whipsawed Against US Dollar on Intervention Speculation

The Japanese Yen continues to lose ground against the US Dollar despite rumours of the Bank of Japan intervening again in USD/JPY. Can central bank selling contain USD/JPY?...
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  • October 24, 2022
  • Market News
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AUD/USD Eyes Chinese GDP After Dow Jones Surged Amid Risk-On Move

The Australian Dollar is likely at the mercy of Chinese economic data, which includes the previously delayed third-quarter GDP growth rate....
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  • October 24, 2022
  • Market News
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Markets Week Ahead: Dow Jones, Yields, US Dollar, USD/JPY, EUR/USD, USD/CAD, China GDP, ECB, BoC

An event-filled week is ahead, with Chinese GDP data, US PMIs, and rate decisions from the Bank of Canada and European Central Bank filling the docket. That should keep volatility elevated....
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  • October 23, 2022
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S&P 500 Week Ahead Forecast: Megacap Tech Earnings in Focus as Fed Enters Blackout

Quarterly results from Alphabet, Microsoft, Meta Platforms, Apple and Amazon will take center stage next week as the Fed’s blackout period temporarily reduces attention on monetary policy....
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  • October 23, 2022
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USD/CAD to Eye Yearly High on Smaller BoC Rate Hike

USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as the Bank of Canada (BoC) is expected to deliver a smaller rate hike....
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  • October 23, 2022
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Euro Forecast for the Week Ahead: EUR/USD Eyes Jumbo ECB Rate Hike as Recession Looms

The Euro is facing an anticipated 75-basis point rate hike from the European Central Bank in the week ahead. Despite recession woes, the ECB will likely press on to fight persistent inflation....
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  • October 23, 2022
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Gold Prices Eye US PMI, Jobless Claims Data as FOMC Members Go Dark

Gold prices fell last week as Treasury yields rose amid hawkish Fedspeak. With a FOMC blackout period among us, traders’ focus turns to economic data. US PMI data is front and center for gold and rate hike bets....
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  • October 22, 2022
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Crude Oil Technical Forecast: Breakout on the Cards?

An ascending triangle continues to form on the WTI chart, could a breakout materialize in the near future?...
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  • October 22, 2022
  • Market News
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BTC/USD Price Outlook: USD Strength & Rising Yields Hold Bitcoin Back

In an environment where persistent inflation, hawkish central banks and economic uncertainty continue to drive sentiment, cryptocurrency and stocks remain vulnerable to geopolitical risks....
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