• October 21, 2022
  • Market News
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The US Dollar Edged Higher Along with Treasury Yields as USD/JPY Scopes 150+

The US Dollar gravitated to higher ground again today as markets watch Treasury yields march north and Japanese officials stand aside. Will the USD (DXY) index make a new peak?...
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  • October 21, 2022
  • Market News
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Serious S&P 500 Trends May Wait for Next Week’s Heavy Docket, USDJPY Keeps Climbing

The recovery effort from the S&P 500 and risk assets to start the week seems to have fallen apart these past two sessions. With a docket next week that includes US GDP, FAANG earnings and the ECB rate decision commitment may be hard to generate. However, volatility for the likes of USDJPY and GB...
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  • October 21, 2022
  • Market News
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Gold Price Outlook Looks Grim as the Weekend Nears, Eyes on Fed’s Williams and Evans

Gold prices look vulnerable heading into the weekend with XAU/USD nervously eyeing Fedspeak from policymakers John Williams and Charles Evans. What are key levels to watch?...
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  • October 21, 2022
  • Market News
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EUR/USD Rebound Fizzles Ahead of 50-Day SMA

EUR/USD may depreciate over the coming days as the rebound from the monthly low (0.9632) appears to have stalled ahead of the 50-Day SMA (0.9902)....
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  • October 21, 2022
  • Market News
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USD/JPY Trades Above Key Level as Investors Await BoJ Intervention: Asia-Pacific Outlook

The Japanese Yen is on track to fall for the twelfth day against the US Dollar, putting the threat of intervention at the forefront for traders. Asia-Pacific stocks look set for a mixed open....
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  • October 21, 2022
  • Market News
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AUD/USD Outlook Mired by Failure to Push Back Above September Low

The recovery from the yearly low (0.6170) may end up being short-lived as AUD/USD struggles to push back above the September low (0.6363)....
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  • October 21, 2022
  • Market News
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S&P 500, Dow and Nasdaq Fall Despite Strong Corporate Earnings

Major U.S. stock indices end in negative territory as investors weigh good corporate earnings, despite gloomy economic outlook, ahead of more interest rate hikes....
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  • October 21, 2022
  • Market News
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EURUSD Continues to Coil – Is a Big Move Imminent?

EURUSD continues to carve out a symmetrical triangle as traders await the next large move....
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  • October 21, 2022
  • Market News
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Canadian Dollar Gains but Remains in Tough Spot, USD/CAD Rejected at Key Support

The Canadian dollar strengthens moderately against the U.S. dollar, but its fundamental outlook remains challenging amid mounting headwinds for high-beta currencies....
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  • October 21, 2022
  • Market News
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Buy the Rumor Sell the Fact, Explained

The concept of ‘buy the rumor, sell the fact’ is rooted in human psychology and understanding it can help traders avoid poorly timed entries...
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