• October 20, 2022
  • Market News
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S&P 500 First Gap Down in 5 Days, USDJPY Longest Run in 5 Decades

The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Attention is shifting to a serious docket next week. Meanwhile, the USDJPY has notched its longest bull run since 1973 ...
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  • October 20, 2022
  • Market News
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Gold Bends the Knee to Rising Yields and US Dollar. Will Initial Jobless Claims Spark Rebound?

Gold prices fell on Wednesday against rising yields and US Dollar, and prices remained under pressure in Asia-Pacific trading. A weak US initial jobless claims report may provide respite to bullion prices....
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  • October 20, 2022
  • Market News
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Australian Dollar Ducked After a Slight Miss on Jobs Data. Will AUD/USD Recover?

The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Attention now turns to CPI for RBA action and AUD/USD implications....
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  • October 20, 2022
  • Market News
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Oil Price Reverses Ahead of Monthly Low to Keep Bull Flag Formation Intact

A bull-flag formation may unfold over the coming days as the price of oil appears to be reversing a head of the monthly low ($80.87)....
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  • October 20, 2022
  • Market News
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Japanese Yen Traders Square Up Against MoF and BoJ as USD/JPY Targets 150

The Japanese Yen approaches a critical level against the US Dollar at the 150 mark, setting up another fight against Yen shorts and Japan’s policymakers. Chinese interest rates are also in focus for APAC traders....
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  • October 20, 2022
  • Market News
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Gold Price to Fall Towards April 2020 Low on Failure to Defend Yearly Low

The price of gold may fall towards the April 2020 low ($1568) if it fails to hold above the yearly low ($1615)....
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  • October 20, 2022
  • Market News
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Tesla Dips on Mixed Earnings Report, S&P 500 and Nasdaq 100 on Weak Footing

Tesla reported mixed third-quarter results, topping EPS expectations but missing on revenue and margin estimates, sending the company’s stocks lower in extended trading....
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  • October 20, 2022
  • Market News
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EUR/USD Outlook Remains Bearish Ahead of the October ECB Meeting

Despite recent gains in the EUR/USD, the medium-term outlook for the currency pair remains gloomy amid global recession fears...
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  • October 20, 2022
  • Market News
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AUDUSD, NZDUSD Remain at the Mercy of King Dollar

Antipodean currencies have struggled of late as the US Dollar remains king....
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  • October 19, 2022
  • Market News
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FTSE 100 Stumbles to Support as UK Inflation Returns to 40-year High

FTSE 100 has fallen below technical resistance after another double-digit inflation print weighed on risk assets. Technical support and resistance remain in sight....
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