• December 5, 2023
  • Market News
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ISM Services Tops Estimates, Job Openings Plunge Weighing on the US Dollar

The US Service sector remained robust in November but job openings hit a 30 month low weighing on the US Dollar. A sign of what is to come from this weeks NFP Print?...
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  • December 5, 2023
  • Market News
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Oil Struggles to Reverse Course as US Production Hits Record Levels

Saudi Arabia supports OPEC + decision on rate cuts, US production breaks record levels for second successive month and the US focuses on replenishing SPR levels...
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  • December 5, 2023
  • Market News
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Euro (EUR) Latest: Dovish ECB Commentary Weighs on EUR/USD, Yields Slump

The Euro is under pressure again after a dovish interview by one senior ECB board member sent German bond yields sliding to fresh multi-month lows...
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  • December 5, 2023
  • Market News
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Dow Holds Gains while Nasdaq 100 Slips Lower and Hang Seng Slumps to One-Year Low

While the Dow has held on to its gains, other indices have suffered losses. The Hang Seng in particular has been hard-hit, touching a fresh low for the year....
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  • December 5, 2023
  • Market News
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Gold Price Update: XAU/USD Calmer after Massive Same-Day Reversal

Gold recovers from a phenomenal day of trading where prices spiked well above the prior all-time-high only to erase the move and end the day lower. Where to from here?...
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  • December 5, 2023
  • Market News
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AUD Breaking News: RBA Holds Rates, Aussie Dollar Slips

AUD prices weakened against the USD after the RBA decided to maintain current rates as inflation and wage growth looks to be softening....
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  • December 5, 2023
  • Market News
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Gold Clobbered after Fakeout; EUR/USD, Nasdaq 100 Hit by Rebound in US Yields

In this article, we scrutinize the technical outlook for gold, EUR/USD and the Nasdaq 100, analyzing major price levels that could come into play throughout the week....
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  • December 5, 2023
  • Market News
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GBP/USD Price Forecast: Mixed Technical Signals and a Stronger US Dollar Weigh on Cable

Cable faced selling pressure today thanks to a revival in the US Dollars haven appeal. Looking ahead and developments around the US Dollar is likely to be the major driving force of GBPUSD for the rest of the week....
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  • December 5, 2023
  • Market News
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US Dollar Flies as US Yields Spring Back to Life, Setups on USD/JPY, AUD/USD

In this article, we analyze the technical outlook for USD/JPY and AUD/USD, taking into account market sentiment and price action dynamics. We also examine key levels that may act as support or resistance later this week....
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  • December 5, 2023
  • Market News
  • Comments : 0

Oil Price Forecast: WTI Prints Double Bottom Pattern. Recovery Incoming?

Oil prices continued to slide for the majority of the Asian and European sessions before finding support at recent lows. Geopolitical risks and technicals hint at recovery in price....
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