Where Can the S&P 500, Volume and Volatility Go In the First Week and Month of 2023?

We are heading into 2023 with a flimsy sense of stability attempting to offset this past year largely defined by its bearish course. The debate around whether the S&P 500 – and by proxy, markets in general – will re-enter its dive or recovery is a healthy one, but seasonal norms will facilitate their own expectations.

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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GBP Forecast: Pound Pressure Despite UK Housing Prices Beat

GBP/USD extends its sideways price movement but could breakout with next week’s U.S. economic data.

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EUR/USD Outlook: Surrenders Gains as 1.0700 Resistance Holds Firm

EUR/USD enjoyed its best day of gains in 2 weeks. Will we close 2022 above the 1.0700 handle or are we in for more messy price action for the rest of the day?

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Commodity Market Focus Shifts from Supply to Demand

Inflation, Ukraine and China’s Covid Response will be the three key commodity market themes in the coming year.

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Hoping For an Early Fed Pivot Does Not Mean We Will Get One

The US Federal Reserve may be more cautious about raising interest rates, but inflation could well force it to carry on doing so for longer than the markets’ cheap-money addicts would like.

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Top Monthly Charts Heading Into 2023: VIX, Stocks, China and More

It’s that rare time of the year where looking to monthly charts doesn’t generate glowers of disdain from short-term traders and those that don’t rely principally on technical analysis. These are some of the top charts I’m looking at on the higher time frame, speaking to macro themes that will likely carry into 2023 and beyond.

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Top Three Themes for Equities into 2023

It’s been a blistering year for equities with solid price action trends on both sides of the equation, but inflation remains a problem going into 2023.

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WTI Oil Remains Under Pressure Below $80 a Barrel Mark

WTI Extended its decline today as concerns grow around a rise in Covid cases following China’s relaxation of Covid Zero policies. Can EIA data out later today prop up WTI prices?

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USD/JPY Edging Lower as BoJ Announced Unplanned Bond Purchase Operation

USD/JPY likely to remain rangebound for the rest of the week with a light calendar and thin liquidity restricting any significant moves.

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AUD/USD Forecast: Dwindling Chinese Optimism Hurts Aussie

AUD/USD trades with caution as Chinese influences push markets into a watchful mode.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is holding support at 103.82 as the door opens to 2023 trade, with major questions hanging around EUR/USD, GBP/USD and USD/JPY.

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GBP Forecast: British Pound Consolidates In Thin Liquidity

GBP/USD is seeking a catalyst to breakout of the emerging rectangle pattern.

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EUR/USD Outlook: Doji Candlestick Highlights Messy Price Action

EUR/USD moves higher in European trade following hawkish ECB comments. Without a catalyst a sustained break above 1.07 remains unlikely.

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Inflation, China Covid Response and Ukraine Top 2023 Risk Charts

2022 offered an awful array of geopolitical and economic problems, none of which are going to get better just because the calendar flips.

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Tesla Market Cap Plunges 72% Since 2021 Peak, Nasdaq 100 Sinks on Fed Woes

Tesla’s market capitalization plunged 72% since last year’s peak, which means it no longer towers over competition like it used to. Meanwhile, the Nasdaq 100 sank with Fed woes.

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Risk On or Risk Off in 2023: Looking to the Nasdaq - Dow Ratio

While most traders are focusing in on a single asset or perhaps market heading into the new trading year, I believe it pays to have a perspective on the broader system. And, for that fundamental backdrop, I believe the Nasdaq-Dow ratio offers interesting insight.

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Top 3 FX Themes for 2023: USD, JPY, Euro

It was a big year for FX markets as the US Dollar jumped for the first three quarters of 2022 only to snap back with aggression in Q4. What’s in store for 2023?

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EURUSD Left in a Technical Lurch as Markets In Full Holiday Liquidity

This past week ended with the Fed’s favorite inflation indicator addressing one of the top macroeconomic themes. The S&P 500 generated volatility but held to range, the VIX naturally deflated and most Dollar crosses disarmed key technical patterns. The exception remains EURUSD. Will pressure force this pair in the final week of 2022?

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What to Expect from the S&P 500 In the Final Week of 2022?

There is only one week left in the trading year, and it will be contorted by holiday conditions. What should we expect from the S&P 500 (as a benchmark for ‘risk trends’) to close out 2023?

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USD/ZAR Outlook: ZAR Gains Continue as ANC NEC Announcement Keeps Markets Optimistic

ZAR on course for 5 consecutive days of gains against the greenback. Will we enter the New Year below the R17.00/$ mark?

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WTI Oil Eyeing Further Gains Following Yesterday’s Pause

WTI printed a 3-week high yesterday before being weighed down by changing sentiment and a stronger US dollar. Further gains or consolidation ahead for WTI Crude?

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Taking Your Trading International: Risks and Rewards

Resurgent inflation and a rethink of globalization will bring both challenges and opportunities for traders looking across borders for opportunities.

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Japanese Yen Slips on CPI Data but Bigger Storms Might be Brewing. Where to for USD/JPY?

The Japanese Yen is once again coming under scrutiny today after inflation data reveals the rationale for the Bank of Japan tilting toward a more hawkish stance earlier this week.

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Gold Price, Dow Jones, US Dollar in Focus after Supportive US GDP Revisions

Gold prices and the Dow Jones sank as the US Dollar rallied. Supportive US GDP revisions bolstered hawkish Fed policy bets. Markets are vulnerable to thin trading conditions.

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Will EURUSD Earn a Break with NZDUSD Sliding and S&P 500 Swinging?

We have seen some remarkable volatility from the markets heading into a known liquidity drain with the holiday weekend dead ahead. The volatility and breaks that we have seen from the likes of the S&P 500 and NZDUSD will likely struggle for follow through, but can EURUSD at least join in on the aimless tumult?

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Stocks Slide into Support, PCE, Consumer Sentiment on Deck

A strong final reading of Q3 GDP gave bears some room to work today, but the S&P and the Dow put in strong bounces from key supports.

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GBP/USD Edges Higher Despite UK GDP Shrinking More than Expected in Q3

UK GDP Shrank more than expected in Q3 as recession fears received further validation. GBP/USD flirts with the 200-day MA, Break or Bounce…?

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US Dollar Slides As Markets Take Stock Ahead of Holidays. Where to for USD?

The US Dollar is weaker today as markets appear to be putting the cue back in the rack ahead of the holidays next week. Will thin trading conditions undermine the DXY (USD) Index?

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Japanese Yen Recoils Amid Recalibration After BoJ Shock. Will USD/JPY Go Lower?

The Japanese Yen appears perplexed against the US Dollar as markets try to decipher the implications of the Bank of Japan’s shift in yield curve control. Where to for USD/JPY?

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Australian Dollar, S&P 500 Gain as Nike Earnings, Consumer Confidence Boost Markets

The sentiment-linked Australian Dollar climbed alongside the S&P 500 as an improvement in risk appetite boosted markets, driven by rosy Nike earnings and US consumer confidence data.

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VIX Collapse Lifts the Equities, EURUSD Extreme Range with Limited Time

We are feeling the effects of holiday liquidity expectations. While enthusiasts may consider the S&P 500’s rebound this past session a mark of conviction, it likely has more to do with the receding tide from the VIX. Meanwhile, there are extreme market measures like EURUSD’s range that are prone to volatility, but can they be tripped?

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S&P 500, Nasdaq, Dow Jones Forecast: Key Support Bounces Now in Play

The S&P 500, Nasdaq and Dow Jones all ran into key support levels to start this week – which led to today’s bullish response. But can buyers still push a Santa Rally?

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British Pound (GBP/USD) Latest: The US Dollar is Back in the Driver’s Seat

The next move in GBP/USD will be decided by US economic data before the holiday season lull sets in.

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EUR/USD Forecast: Euro Bolstered by GfK Consumer Confidence

The euro grapples with positive German consumer sentiment and a stronger USD ahead of U.S. consumer confidence data later today.

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Crude Oil Holds the High Ground as Risks Swirl in BoJ Aftermath. Will WTI Rally?

Crude oil has consolidated recent gains as volatility around it calms down after yesterday’s wild ride that saw the Japanese Yen blaze higher. Will further tightening impede WTI?

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Australian Dollar Pummelled in the Japanese Yen Melee Post BoJ. Where to for AUD/JPY?

The Australian Dollar nosedived against the Japanese Yen after the Bank of Japan adjusted its monetary policy that might follow the RBA example. Will AUD/JPY keep going lower?

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Collapse of the Carry Doesn’t Reach the S&P 500, Can EURUSD Fulfill Its Own Reversal?

One of the FX market’s favorite measures of risk trends, the Yen-driven carry trade, suffered one of sharpest collapses in years. Yet, the Bank of Japan driven move didn’t feed all the way back up the speculative line. With the liquidity countdown continuing, is there still room for breaks from the S&P 500 and Dollar pairs?

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Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY

The Japanese Yen went on a massive run last night and the big question now is continuation potential in USD/JPY, EUR/JPY and GBP/JPY.

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FTSE 100, DAX 40 and Dow Jones Industrial Average Reversing into Large Ranges

The surprise tightening of monetary policy from the Bank of Japan caused a shake up in Asian capital markets and spilled over modestly to the subsequent European and American sessions. Yet, follow on the DAX’s, FTSE 100’s and Dow’s retreat may not need to rely on this disconnected event.

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EUR/USD Eyes Gains as US Dollar Retreats and Euro Area Data Continues Improvement

EUR/USD Bounces off support yet low liquidity could cap any significant gains. Could we remain rangebound ahead of the New Year?

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US Dollar Benefits as BoJ Capitulates to Tighter Policy, Sinking Risk Assets

The US Dollar ascendency got back on track against most currencies except the Japanese Yen after the Bank of Japan surprisingly tightened monetary policy today.

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Japanese Yen Roars on BoJ Policy Adjustment. New Lows for USD/JPY?

The Japanese Yen leapt higher against the US Dollar today after the Bank of Japan changed their yield curve control target range. Where to for USD/JPY?

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S&P 500 Slide is Stretched While Majors Positioned for Various Reversals

The S&P 500 carried over the bearish momentum that risk trends experienced last week, but the index looks stretched and faces significant technical barriers ahead. Meanwhile, the Dollar-based majors are staged for technical reversal with event risk and liquidity conditions blurring the intent for the next stage.

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S&P 500, Dow Jones, Nasdaq 100 Sink as Treasury Yields Climb, APAC Stocks at Risk

The S&P 500, Dow Jones and Nasdaq 100 sank on Monday as Treasury yields rallied, extending moves from last week. This is leaving APAC equities, like the Nikkei 225 and ASX 200, at risk.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/CAD

The US Dollar printed a doji for last week’s candle after running into support at the prior 2017 swing high, but can EUR/USD and GBP/USD force bearish turns?

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USDJPY, AUDJPY and CADJPY: Can the BOJ Trigger Loaded Technical Patterns?

While many of the major central banks have already closed their books on their policy for 2022, the Bank of Japan will decide its last effort Tuesday morning. Though it is considered a fully-committed dove which has anchored the Yen, those unquestioned expectations and serious technicals from pairs like CADJPY present potential.

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Euro Update – EUR/USD Nudging Higher on German Ifo Beat

The single currency is starting the week in positive territory, helped by a better-than-expected set of German Ifo sentiment results.

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How to Trade Forex News: An Introduction

Find out the essentials of trading the news with this introductory guide to forex news trading

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AUD/USD Forecast: Downside Potential for Aussie Despite China Policy Support

AUD/USD begins the week on the front foot however, technical analysis hints at potential Aussie weakness to come.

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Euro Firms on US Dollar Weakness as Fed Hawks Undermine Equities. Has EUR/USD Peaked?

The Euro made some headway today after the US Dollar backtracked despite the Federal Reserve signalling rates will go higher and for longer. Where to for EUR/USD?

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Japanese Yen Ran Higher on a Potential BoJ Policy Shift. Will USD/JPY Break Lower?

The Japanese Yen got a boost against the US Dollar today after news over the weekend of a possible tilt toward a more flexible monetary policy for the Bank of Japan in 2023.

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Markets Week Ahead: Dow Jones, US Dollar, Gold, Japanese Yen, PCE, Bank of Japan

The Dow Jones, DAX 40 and Nikkei 225 fell as volatility struck markets last week. Ahead, the US Dollar and gold prices await US PCE data while USD/JPY turns to the Bank of Japan.

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Dollar Outlook Still Carries Important Event Risk and Technical Pressure

Holiday trading conditions may start for the Dollar and broader markets in the coming week, but the range of important event risk may actually turn thin liquidity into charged volatility. With the debate around a pivot in fundamental and technical bearing for this benchmark, traders should keep a wary eye on this market.

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S&P 500 Tumble Versus EURUSD Breakout: What Can Holiday Liquidity Achieve This Week?

Despite the depth of major event risk this past week, there wasn’t a clear reconciliation for bearing behind risk assets like the S&P 500 nor the Dollar. We are heading into a well-known liquidity drain over the coming week, but congestion patterns like those from EURUSD are likely to find at least a break – if not a trend.

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British Pound Forecast – GBP Pummeled by BoE Rate Split and Strikes

The British Pound is under pressure going into the weekend after yesterday’s BoE rate hike indecision left traders unimpressed

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Australian Dollar Outlook: US Dollar Roars Back to Life

The Australian Dollar got dusted after the US Dollar regained its ascendency amid central bankers re-iterating their hawkish stance after a series of hikes. Will AUD/USD go lower?

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Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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Euro (EUR/USD) Latest – ECB’s Hawkish Shift Boosts the Euro

The European Central Bank sent a strong hawkish signal to markets yesterday, propelling the single currency higher across the board.

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Crude Oil Caught in ECB Maelstrom After Rate Hikes and Hawkishness Prevails

Crude oil is slightly softer today after US Dollar ascendency got back on track and the ECB got their message across loud and clear. Will WTI crude oil head higher again?

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Gold and Dow Jones Sink After ECB Spooked Markets, XAU/USD Reversal in Motion?

Gold prices sank the most in 3 months alongside the Dow Jones after a slew of rates hikes from central banks in Europe. Is more pain in store for XAU/USD after a wedge breakout?

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SPX, Nasdaq Slide; USD, EUR/USD Tendencies of Turn After CB Onslaught

Markets remained on the move today through ECB and BoE rate decisions. A massive options expiry is on the calendar for tomorrow, which can keep equities on the move into the end of the week.

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New Zealand Dollar Tops Yield Forecasts and Is Also Top Heavy…

There has been a lot of monetary policy activity the past 24 hours with serious scrutiny paid to the relative hawkishness/dovishness of the major central banks and their respective currencies as well as the implications for general risk trends. However, a remarkable trend that has stood out amid a lot of congestion comes from the New Zealand Dollar.

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Australian Dollar Reversal Warnings Grow as AUD/USD Falls on Disappointing Chinese Data

The Australian Dollar fell as Chinese industrial production and retail sales disappointed across the board. AUD/USD bearish reversal warnings continue growing.

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Japanese Yen Eyes Support After Fed Failed Convincing Markets About Rate Outlook

The Japanese Yen faces key support after the Federal Reserve raised interest rates and struggled to convince markets about its policy outlook. AUD/USD awaits Australian employment figures.

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EURUSD Outlook Has Technical Pressure and the ECB Rate Decision

The FOMC decision has passed with a more hawkish message than the markets were expecting…and yet the market maintains its skepticism. That has kept the S&P 500 within its narrow range and leaves EURUSD’s technical congestion undetonated. Will the ECB decide the next move for the pair?

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar set a fresh five-month-low, even as Powell took on a hawkish tone in the statement accompanying today’s rate decision. ECB and BoE rate decisions are on the calendar for tomorrow.

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Dollar Surges and S&P 500 Drops After Fed Hikes 50bps Raises 2023 Forecast

The Federal Reserve announced its last rate decision of 2022 and it offered the ‘pivot’ that many had expected. A 50bp rate hike ended the pace for four meetings of 75bp through November, but that was expected. The real market impact is found in what the expectations are from the Fed heading into 2023.

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EURO’s Bullish Cycle May be Coming to an End

EUR/USD has been on a fast track to fresh highs, but might it be nearing an important turning point?

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US Dollar Languishes in the Aftermath of US CPI and Ahead of the Fed. New Lows for USD?

The US Dollar tanked after a soft CPI number gave the market hope of an end to hawkishness from the Federal Reserve when they meet later today Where to for the DXY (USD) index?

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Dow Jones, S&P 500, Nasdaq 100 Reverse CPI Rally as Traders Look Beyond the Fed Pivot

The Dow Jones, S&P 500 and Nasdaq 100 reversed a CPI-induced rally as traders seemingly looked beyond the Fed pivot and towards the next tightening cycle in the distant future.

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EURUSD and VIX Exude Volatility But Not Conviction Heading into Fed Hike

The release of the US CPI update this past session proved as market-moving as could have been expected, but the volatility isn’t projecting trend. From a collapse in the VIX despite a massive intraday reversal from equities and EURUSD edging up to the next level of resistance, there are many different possible outcomes.

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Crude Oil Technical Analysis: Oil Bounces from Fibonacci Support

Oil has put in two days of gains to start this week, holding support above the 70 handle. But can bulls put in a larger reversal of trend?

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Dollar’s Post-CPI Tumble Already Leveling Out as Focus Shifts to FOMC

Following a further slowdown in US inflation data, the Dollar has extended its slide to test lows not seen in six months. For a number of the ‘majors’ this move has translated into notable technical breaks. However, with the FOMC rate decision still ahead, it would be wise not to assume trend.

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S&P 500 Technical Analysis: SPX Slammed, Breakout Snaps Back

The S&P 500 broke out to a fresh three month high after CPI was released this morning. Sellers snapped that move back very quickly, and the focus now shifts to tomorrow’s FOMC.

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S&P 500 Technical Analysis: Falling Wedge into CPI, FOMC

CPI releases over the past two months have been massive bullish drivers for the S&P 500 – will tomorrow be the same?

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Bitcoin Breakout Ahead? Crypto Traders May Want That TradFi Connection

Bitcoin – like so many other traditional assets – has worked its way into remarkably narrow trading band. If this were a market truly untethered from normal capital assets, a break may not be in the cards for a remarkable amount of time. Yet, if there is a speculative portfolio connection to the traditional space, a breach may be soon at hand.

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Silver Support Bounce into Fibonacci Resistance, Seven-Month-Highs

Silver prices just set a fresh seven month high even as Gold prices are showing tendency of a turn.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is in focus as inflation and the FOMC are in the spotlight over the next two days, and then we hear from the ECB and the Bank of England.

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S&P 500, Nasdaq, Dow Jones Outlook: Equities Cautious Ahead of US CPI

US equity futures are struggling to break their narrow range as investors await key economic data that could drive volatility throughout the week. S&P 500, Nasdaq and Dow Stall.

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USD/JPY Rangebound with US Data Likely to Provide Near-Term Direction

USD/JPY continues to struggle for any clear direction. US CPI data due tomorrow is likely to provide some guidance ahead of the FOMC on Wednesday.

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Gold Price Outlook – All Eyes on the Federal Reserve for Guidance

The precious metal, along with a host of other financial markets, is trapped in a range ahead of the eagerly awaited US Federal Reserve rate decision.

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GBP Breaking News: Pound Undeterred by UK GDP Beat Due to Strike Action

GBP/USD is on the backfoot this morning despite positive UK GDP numbers, with private and publics sector strike action hurting sentiment.

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Euro Dips as the US Dollar Firms Post PPI and Ahead of CPI. Will EUR/USD Break Higher?

The Euro backed away from recent peaks against the US Dollar in a busy week of data and central bank meetings, including the Federal Reserve. Where to for EUR/USD?

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Markets Week Ahead: Dow Jones, US Dollar, Gold, Euro, British Pound, Fed, ECB, BoE

The Dow Jones and Nasdaq 100 fell as market volatility came back. Ahead, will the Fed disappoint dovish expectations? All eyes are on the US Dollar and gold. The Euro and British Pound face the ECB and BoE, respectively.

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Gold (XAU/USD) Forecast: Recent Gains May Come Under Pressure as US Data Takes Center Stage

Gold has struggled to find acceptance above the 200-day MA and $1800 key level. Next week’s data releases are likely to define the medium-term direction for the precious metal.

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Dollar Forecast Loaded with Volatility Potential but Can It Find a Trend?

The week ahead is jam-packed with high profile US event risk – anchored by the top listing of a FOMC rate decision. The Dollar is significantly off its multi-decade highs after two months of choppy retreat, but is there enough oomph in what’s ahead to produce an outright bear trend…or perhaps spur recovery?

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GBP Weekly Outlook: Resilient Pound Prepares for Data Heavy Week

GBP/USD trades on the precipice of a key technical pattern that could be prompted by next week’s Fed and Bank of England (BoE) rate decisions.

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US Dollar (DXY) Outlook – One Last US Data Drop Before CPI and FOMC Next Week

With traders already looking ahead to next week’s all-important CPI number and FOMC decision, today’s PPI and Michigan Confidence releases should not be disregarded.

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A Guide to Trading Psychology

The psychology of trading is often overlooked but is a key part of a professional trader’s skillset.

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Crude Oil Forecast: Brent Overcome by Recessionary Pressures Despite Several Fundamental Tailwinds

Brent crude oil looks to further clarity around supply and demand factors while the USD looks to push higher ahead of FOMC next week.

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EUR/USD at Key Inflection Point Ahead of US PPI Data

EUR/USD looks to break the 1.0600 level for the second time this week. A break higher does not seem sustainable given what lies ahead next week.

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What’s the Probability of an End of Week S&P 500 or GBPUSD Break?

We are coming to the end of the week and a bookend of notable event risk stands between us and the weekend. With the S&P 500 and Dollar based majors carving out historically narrow ranges, there is some potential for breakouts. However, look closely at the statistical ranges and think hard on the weight of the FOMC.

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Gold Prices and US Dollar Turn to PPI and Sentiment Data Before the Weekend

Gold prices marked time as the US Dollar and Treasury yields diverged on Thursday. Ahead, XAU/USD and DXY face US PPI and consumer sentiment data before the weekend.

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AUD/USD Forecast: Aussie Steady but Key 0.67 Level at Risk

AUD/USD is trading at key technical levels that may result in a weaker Aussie dollar ahead of next week’s Fed rate decision.

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Japanese Yen Struggles Against a US Dollar Finding Firmer Footing. Higher USD/JPY?

The Japanese Yen dipped today as GDP weighs and the US Dollar regains its ascendency with building concern for a significant slowdown next year. Where to for USD/JPY?

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Euro Bumped up by US Dollar Weakness and a GDP Beat. Where to for EUR/USD?

The Euro has steadied against the US Dollar on Thursday as the market ponders the path of Fed rate hikes and technical resistance levels remain overhead for now. Will EUR/USD rally?

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Crude Oil Price Outlook: WTI Set for Worst Week Since March? Falling Wedge in Focus

Crude oil prices are nearing a 10 percent loss this week, which would be the worst since March amid rising recession woes. WTI appears to be trading within a Falling Wedge chart pattern.

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S&P 500 and USDJPY Abide Technical Ranges Even as Volatility and Recession Fears Grow

The economic docket is thinning out, shifting the focus from imminent volatility catalysts to anticipation for the heavy fundamental seas next week. That may or may not chasten the recent rebound in VIX, but it is likely to bolster the weight of technical barriers from the likes of the S&P 500 and USDJPY.

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Bitcoin Falling Wedge, Ethereum Triangle: Continued Consolidation

Bitcoin and Ethereum have been relatively calm given the headlines, with each market consolidating over the past few weeks.

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WTI Crude Oil Slumps to Fresh Yearly Low amid Recessionary Fears

WTI continued its decline in European trade printing a new YTD low. Continued dollar strength and EIA data could result in further losses.

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British Pound (GBP) Latest – GBP/USD Steered by Renewed Dollar Strength

The US dollar is pushing higher ahead of next week’s FOMC meeting, leaving a range of major currencies, including Sterling, struggling in its wake.

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The US Dollar Gripped the Ascendency as Risks of Recession Swirl. Will USD go Higher?

The US Dollar held on to overnight gains as markets recalibrate risks of an economic slowdown in the West against a re-opening of China. Will the DXY index (USD) rally?

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Australian Dollar Steady Despite GDP Disappointment. Where to for AUD/USD?

The Australian Dollar was little changed in the aftermath of underwhelming third quarter domestic GDP data and revisions lower of previous quarters. Will AUD/USD sink?

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A VIX ‘Breakout’, Heavy Dollar Technicals, BOC Volatility and Recession Signals

The markets carried over greater market activity this past session with the VIX clearing its two-month descending channel and the S&P 500 extending its slide; but systemic trends will still be difficult to form from here. Yet, that doesn’t preclude volatility in ranges like the Dollar-majors or from event risk like a BOC hike.

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S&P 500, Nasdaq, Dow: Key Support Zones Now in Play

The high-flying Dow has pulled back to support at a prior swing-high, and the Nasdaq is brewing a double top formation.

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USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision

The Bank of Canada rate decision is on tap for Wednesday, and there is debate around what the central bank intends to do with its policy. USDCAD will be a focus for many monitoring this higher profile event, but there are probably more volatile Loonie crosses to follow.

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Gold Price Sinks on ISM Services Surprise, XAU/USD Bearish Technical Warning Eyed

Gold prices sank on Monday as the US Dollar gained after an unexpectedly strong ISM Services print. XAU/USD left behind a bearish Evening Star, will that spell trouble ahead?

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Japanese Yen Tumbles as US Dollar Soars, Australian Dollar Turns to the RBA Next

The Japanese Yen slumped, sending USD/JPY higher in a very rare move as the US Dollar gained and stocks dropped. Ahead, the Australian Dollar is eyeing a likely RBA rate hike.

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Dollar and Risk Asset Reversals Throw Off Anticipation of Major Tend Developments

There was some exceptional volatility last week and the hints of tentative trend developments – most notably a breakdown of the Dollar and attempted rally for US indices. Yet, those moves have abated to start the new week with data and technical levels playing a bigger role in market conviction.

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S&P 500 Technical Analysis: Trendline Resistance, 4k Support Test

The S&P 500 found resistance last week at a key spot, but is this a mere speed bump for bulls on the way to a Santa rally? Or are bears gearing up for another downside push?

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USDJPY Attempts to Pull Out of Bear Wave as Retail FX Traders Flip Net Long

The Dollar has enjoyed a broad bounce to start the week and USDJPY is one key pair that is seeing the turn work around major technical levels. There is technical precedence from earlier this year that suggests such a large jump can revive bulls – but is the prevailing trend still bullish?

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is starting the week with a bounce and the FOMC is in the blackout period ahead of the next rate decision.

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EUR/USD Price Forecast: Fewer Risk Events Favors EURUSD Rise

EURUSD continues to grind higher as hopes of US peak inflation adds to USD selloff. The current move higher sees little in the way of economic data to reverse course

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Currency Carry Trade: What is it and how does it work?

Learn how to calculate and implement currency carry trades in your forex trading strategy.

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Crude Oil Forecast: EU Sets Russian Oil Price Cap at $60, OPEC+ Unchanged

Brent crude oil is trading marginally higher this Monday after the EU decided on a Russian oil price cap of $60 per barrel.

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Euro Hits a High Note Amid China Re-opening Hopes and OPEC+. Where to for EUR/USD?

The Euro has run higher after the US Dollar collapsed again today amid a strong jobs number, OPEC+ news and China potentially re-opening. Will this drive EUR/USD higher?

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Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY Setups

The Japanese Yen has held firm against major counterparts as the safe-haven currency stabilizes around technical levels. USD/JPY, EUR/JPY, GBP/JPY price action.

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Markets Week Ahead: Dow Jones, Gold, US Dollar, Crude Oil, OPEC+, AUD/USD, RBA

The Dow Jones and S&P 500 have been benefiting from dovish Fed bets. Gold soared as the US Dollar sank. Ahead, crude oil prices face the OPEC+ meeting. AUD/USD awaits the RBA.

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Canadian Dollar Forecast: USD/CAD Looks Poised for Further Upside, BoC Rate Decision Holds the Key

The Canadian dollar looks set to continue its recent struggles. Will the Bank of Canada spring another surprise at next week’s policy meeting?

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Euro Weekly Outlook: EUR/USD at the Dollar’s Mercy, 1.05 Still Key

The euro was unable to hold above 1.05 after NFP data bolstered the USD ahead of a relatively quiet week.

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Weekly Fundamental US Dollar Forecast: Worst Month Since 2010, Was it Overdone?

The US Dollar saw its worst month since September 2010 as the markets aggressively priced in a dovish Federal Reserve down the road. A tight US jobs report hints that USD’s move might be overdone.

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Australian Dollar Outlook: US Dollar Beat-up Boosts AUD/USD

The Australian Dollar stretched higher with the US Dollar copping a flogging following not hawkish enough comments from Fed Chief Powell. Will AUD/USD make a new peak?

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Keeping Up Dow Rally and Dollar Tumble Momentum May Be Difficult Next Week

Capital markets attempted to retake control this past week on a Fed-driven charge, but the effort fell apart before hitting critical moment. The Dollar’s slide on the other hand is still on the verge of technical progression. Yet, momentum will compete with distraction around the following week’s Fed and ECB rate decisions.

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S&P 500, DAX 40 and ASX 200 Fundamental Forecast for the Week Ahead

Global indices made a bid to charge the holiday rally early this year with a US-led break higher this past week. Yet, follow through is starting flag even as we move into December trade. With expected activity levels sinking but anticipation for key event risk rising, volatility is a high risk and trends are in jeopardy.

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NFP Posts Yet Another Beat as US Job Market Proves Resilient, USD Rises

Early effects of tighter policy were revealed in the lower October CPI print are not at odds of a stubbornly resilient job market and signs of increasing wage growth inflation

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Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies

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USD/JPY Slumps Further Ahead of a Key US Jobs Report

The US dollar’s spectacular fall from grace continues with the greenback shedding 12% against the Japanese Yen in just over five weeks.

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Crude Oil Update: Brent Eyes OPEC+ and Russian Oil Price Cap

Brent crude oil looks ahead to NFP data later today but remains focused on OPEC+ and the EU cap on Russian seaborne oil.

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USD/JPY Update: BoJ and Fed Chair Powell’s Comments Form Perfect Cocktail for Yen Gains

USD/JPY picked up steam yesterday as the dollar index recorded its worst month of losses in 12 years. Further downside ahead or time for a retracement?

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Euro (EUR) Latest: EUR/USD Set For Further Gains After Fed Powell’s Dovish Nudge

Fed chair Jerome Powell yesterday indicated that the Fed is set to reduce the size of future rate hikes although he reiterated that rates may need to be held higher for longer.

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AUD/USD Forecast: Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

The Australian dollar pushed higher on the back of a weaker USD and an improving Chinese COVID situation leaving AUD/USD above 0.68.

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