Gold Prices, Nasdaq 100 Rejected at Resistance, USD/JPY Flies Ahead of Powell

This article examines the technical outlook for gold prices, the Nasdaq 100 and USD/JPY, analyzing the critical price levels that may come into play in the near term

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Oil Price Forecast: WTI Slips as OPEC+ Voluntary Cuts Fail to Convince

Oil prices failed at a technical hurdle today as the OPEC+ meeting failed to convince. Despite announcing around 2 million bpd cuts for Q1 2024 market participants were expecting more as Global Markets continue to flash signs of a slowdown.

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Dow, Nasdaq 100 and Nikkei 225 Look for Further Gains​​​​

​​Indices remain in strong form on the final day of November, and are looking to extend their recent gains into December. ​

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GBP Price Forecast: Pound Being Dictated to by US Economy

Pound prices have climbed steadily on the back of the USD selloff and will continue to be influenced by the US later today via the US core PCE price index report.

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Oil Price Forecast: WTI Faces Technical Hurdles as OPEC+ Rumors Swirl

Oil prices continue to advance as news filtered through regarding the possibility of additional cuts by OPEC+ at tomorrow's meeting. News remains murky but market participants are running with it. Can an OPEC+ cut push WTI back above the $80 mark?

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Nasdaq 100, Gold Price Forecast: Has the Fed Greenlighted a Santa Claus Rally?

This article examines the technical outlook for gold and the Nasdaq 100, analyzing key price levels that, if breached, could precipitate outsize directional moves.

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USD/CAD Price Forecast: Trendline Break to Facilitate a Test of 1.3500 Support?

Loonie extends gains as the Greenback falters. A host of data is expected from both the US and Canada, will this help push USD/CAD lower?

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US Dollar in Tailspin, Price Action Setups on EUR/USD, GBP/USD and AUD/USD

In this article, we analyze the technical outlook for EUR/USD, GBP/USD, and AUD/USD, taking into account market sentiment and price action dynamics in recent days.

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Bitcoin (BTC/USD) Holds the High Ground as Binance Deals with Client Exodus

Bitcoin continues to threaten the $38k mark as a weaker US Dollar and rate hike optimism stoke volatility. $40K incoming?

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Gold Prices Defy Pivotal Technical Resistance, AUD/USD Attempts Bullish Breakout

This article delves into the technical outlook for gold (XAU/USD) and AUD/USD, concentrating on market sentiment, price action dynamics and critical levels at play for the upcoming trading sessions.

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GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD

GBP looks to continues its positive run of late in the absence of high-impact data releases. Will Sterling’s impressive run continue?

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US Dollar Forecast: PCE, Powell to Set Market Tone, Setups on EUR/USD, USD/JPY

This article explores the technical outlook for EUR/USD and USD/JPY, analyzing price action dynamics and the key levels to monitor in the coming days ahead of several high-impact macro events.

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S&P 500, NAS 100 Make a Tepid Start to the Week, Where to Next?

US Indices subdued as market participants eye key data events ahead. Will the SPX and Nasdaq be able to hold onto recent gains?

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British Pound Latest: GBP/USD Remains Supported, BoE Warn on Inflation

Bank of England governor Andrew Bailey warned today that getting inflation down to target will be ‘hard work’ and pushed back against market expectations of interest rate cuts in the ‘foreseeable future’.

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Gold (XAU/USD) and Silver (XAG/USD) Continue to Rally as Buyers Take Charge

Gold and Silver start the week on the front foot, printing fresh multi-month and multi-week highs respectively

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FTSE 100, DAX 40 and S&P 500 Begin the Week on a Quiet Note

​​Outlook on FTSE 100, DAX 40 and S&P 500 following Thanksgiving weekend.

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USD/JPY Weekly Forecast: BoJ Policy Change Reinforced by Japanese CPI

JPY prices have managed to begin the week on the front foot as elevated Japanese inflation stokes hawkish bets.

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Market Week Ahead: Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags

A holiday shortened week saw the US dollar slide, prompting a small rally in gold, while Sterling flexed its muscles after a robust PMI release.

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Euro Price Forecast: EUR Weakens on German GDP

EUR prices pulled back slightly as German GDP breached negative territory on the quarterly statistic. Ifo business climate and ECB speak in focus later today.

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US Dollar Price Action Setups: DXY, EUR/USD, GBP/USD

Breaking down USD pairs for potential setups heading into the weekend. Will we get a return of liquidity and an explosive end to the week?

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Bitcoin Steady as Coinbase (Coin) Emerges as Winner from Binance Saga

Bitcoin holds the high ground in what was a quiet day. Crypto enthusiasts appear to have shrugged off the Binance saga and record breaking fine as lack of liquidity is evident.

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Gold Cautious Above $2000 on Thin, Holiday Affected Trading

Gold trades within a narrow daily range on Thanksgiving as US traders step away from their screens. Will the temporary ceasefire lead the metal lower?

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EUR/USD Price Update: German PMI Points Towards Shallow Downturn

German manufacturing and services sectors have contracted as the economic situation in the EU’s manufacturing hub has withered. However, November’s data eases

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AUD Price Forecast: Aussie Dollar Shakes Off Weak PMI’s

AUD prices are bid this morning despite Judo Bank PMI’s reaching fresh yearly lows as Thanksgiving Day is expected to result in muted trading today.

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Australian Dollar Price Action Setups: AUD/USD, GBP/AUD

RBA Minutes keep the Aussie Dollar supported. Technical outlook and potential setups for both AUDUSD and GBPAUD.

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Gold Price Forecast: Rejection at $2000 Level Leaves the Door Open for a Move Lower

Gold’s failure at the $2000 hurdle leaves the precious metal vulnerable to a deeper retracement. Will the lack of liquidity expected the rest of the week help minimize the losses?

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FTSE 100, S&P 500 and Russell 2000 Consolidate Ahead of Thanksgiving

​Outlook on FTSE 100, S&P 500 and Russell 2000 as US earnings season draws to a close

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CAD Price Forecast: Loonie Faces Key Support Ahead of US Data & OPEC+

USD/CAD prices are on the precipice of a breakdown lower but US macroeconomic data and OPEC+ decision on supply are crucial for short-term guidance.

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USD/CAD Remains Rangebound as Canadian CPI Falls More Than Expected. Where to Next?

Bank of Canada will breathe a sigh of relief following a better-than-expected CPI print. The Central Bank will be hoping this is a start of a trend rather than a once off drop as we had in June.

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US Dollar Index (DXY) Continues Recovery as FOMC Minutes Have Minimal Impact

The FOMC Minutes release had limited impact today as markets have already weighed key data releases since. The DXY eyes a deeper recovery but is it sustainable?

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Dow, Nikkei 225 and CAC40 Continue to Make Gains

The Dow is at its highest level since the summer, while the Nikkei 225 is contemplating more gains to take it to a multi-decade peak, and the CAC40 has regained the 200-day moving average.

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GBP Price Forecast: Pound Gears Up for FOMC as Markets Process UK Borrowing

Pound prices stay elevated after UK public sector borrowing beat expectations but highlighted the persistent debt crisis. FOMC minutes next up for GBP/USD.

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Crypto Forecast: Will Bitcoin Have What it Takes to Break the $38k Mark?

Bitcoin faces a key test as ETF decision is delayed once more. Can the bullish momentum continue or is a deeper retracement toward the $35k mark growing more likely?

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Oil Price Forecast: Recovery Continues as Expectations for OPEC Cuts Grow

Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall sentiment may prove to strong.

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Euro Price Forecast: EUR Bid on USD Weakness as Vulnerabilities Remain

EUR prices may be reaching their limit as the eurozone continues to show signs of weak economic growth. EUR/USD currently holding above 1.09.

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British Pound Latest: GBP/USD Testing 1.2500 on US Dollar Weakness

The US dollar is testing lows last seen at the start of September and that is giving cable another boost.

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​​​FTSE 100, DAX 40 and Nasdaq 100 Pause after Three Weeks of Strong Gains​​​

​​Outlook on FTSE 100, DAX 40 and Nasdaq 100 as earnings season draws to a close.

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AUD/USD Price Forecast: Positive Start for Aussie Dollar

AUD prices are up almost 0.70% against the USD after China kept LPR on hold alongside a weaker greenback.

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Markets Week Ahead: Gold, EUR/USD, Nasdaq 100 Soar as US Yields Sink, Oil Tanks

Few high-impact events are expected in the coming days, with a shorter trading week in the U.S. due to the Thanksgiving holiday. This could lead to some consolidation of the most recent market moves.

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JPY Weekly Forecast: Cautious Ueda Leaves Yen Exposed

USD/JPY continues to hover around the 150 mark ahead of Japanese CPI next week.

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AUD/USD Price Forecast: Aussie Dollar Unable to Exploit Weaker US Data

AUD prices are trading lower this Friday morning as Fed officials did not waver in their hawkish messaging after jobless claims data crept higher.

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US Dollar Outlook Shaky as Yields Tank, Setups on EUR/USD, GBP/USD, AUD/USD

This article explores the technical outlook for EUR/USD, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play

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Gold Price Forecast: XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes Build

Gold prices rally more than 1% and break above a key technical resistance, boosted by falling U.S. Treasury yields following disappointing U.S. economic data.

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Oil Price Outlook: Brent and WTI Suffer Further Losses

Oil declines around $3.5 today as markets continue to digest sizeable stock builds at a time when the US production levels soar and economic data appears to be easing

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Pound Sterling Update: GBP/USD Uptrend in Focus

The pound has recently been handed a boost by a weaker dollar brought about by expectations that US rates have peaked. Sterling looks ahead to the Autumn Statement

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EUR/USD Price Forecast: It’s Time for Eurozone Inflation

EUR prices pullback as markets prepare for Fed and ECB speak later today.

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EUR/USD Hits Snag After Breakout, Nasdaq 100 Stalls, Oil Prices at Risk of Meltdown

This article focuses on the technical outlook for EUR/USD, the Nasdaq 100 and crude oil, taking into account sentiment analysis and recent price action dynamics.

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US Dollar Forecast: Fed Pivot Ahead? - Setups on USD/JPY, GBP/USD, AUD/USD

This article explores the technical outlook for USD/JPY, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play following the U.S. CPI and PPI reports and related market volatility.

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AUD/USD Price Forecast: Australian Wage Growth Hits Fresh Highs

AUD prices have held onto yesterday’s gains with some positive Chinese data as well as high wage growth locally.

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UK Breaking News: UK CPI Posts Massive Drop, GBP Offered

Headline CPI dropped massively as energy and food prices see large declines. UK government achieves its target of halving inflation ahead of next week’s Autumn Statement

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US Dollar in Freefall After US CPI, Setups on EUR/USD, GBP/USD, Nasdaq 100, Gold

This article focuses on the technical outlook for EUR/USD, GBP/USD, Nasdaq 100 and gold, taking into account the key price levels in play following the explosive market moves in the wake of weaker-than-expected U.S. inflation data.

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Japanese Yen Update: Lower US CPI Tames USD/JPY, GBP/JPY Rises

CPI was the latest US data point to turn lower, following a developing trend since the softer October jobs print. The USD selloff weighs on USD/JPY while GBP/JPY eyes resistance

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Dow, Nikkei 225 and CAC 40 Gains Slow ahead of US Inflation Data

Indices have turned cautious as the key event of the week, US consumer price inflation, looms large on the calendar today.

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UK Unemployment and Upside Wage Pressures Dominate Jobs Report

GBP prices rallied despite a fall in employment change as unemployment and average earnings stole the show. Pound remains bid.

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US Dollar Setups Before US CPI: USD/JPY, GBP/USD, AUD/USD, Volatility Up Ahead

This article explores pivotal technical levels for USD/JPY, GBP/USD and AUD/USD that may act as support or resistance following the October U.S. inflation report due for release on Tuesday.

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US Inflation Preview: How Will Gold Price, EUR/USD, Nasdaq 100 React to CPI Data?

This article discusses possible scenarios for gold prices, EUR/USD and the Nasdaq 100 that may develop following the release of the October US inflation report. The piece also examines key technical levels worth watching in the short term.

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AUD/USD Price Forecast: RBA Kohler Reinforces Aussie Dollar

AUD prices found some much needed support this Monday morning after the RBA’s Kohler stated that bringing down inflation may be more difficult than anticipated.

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Euro (EUR) Latest: Heavyweight Data and Fed Chatter to Direct EUR/USD This Week

EUR/USD traders will have a busy week ahead as a raft of high importance US and EU data releases hit the screens, while Fed speakers are also out in force.

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FTSE 100, DAX 40 and Nasdaq 100 Remain Overall Bid ahead of Tuesday’s US Inflation Reading

FTSE 100, DAX 40 and Nasdaq 100 remain overall bid ahead of Tuesday’s US inflation reading

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GBP Price Forecast: Pound Tentative as Key UK & US Data Looms

GBP prices are marginally higher this Monday morning but traders remain cautious ahead of UK and US inflation data. BoE and Fed officials in focus today.

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Market Week Ahead: Gold Slides, Markets Turn Risk-On, GBP/USD, EUR/USD, Cryptos Jump

A strong end to the week with risk markets popping higher going into the weekend. The VIX ‘fear gauge’ fell by over 7% on Friday and is back testing lows last see in mid-September.

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EUR/USD Weekly Forecast: Stern Powell Keeps Pressure on Euro

EUR/USD prices enter the week facing multiple economic data reports including US and euro area CPI.

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Crude Oil, Mexican Peso Forecast: WTI Eyes $75 Level, Banxico Pivots

WTI crude oil prices are edging toward the $75.00 level.. Israel's decision to enact a cease fire for humanitarian aid has reduced geopolitical risks in the Middle East, exacerbating downward pressure in the energy market.

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US Dollar Flies on Hawkish Powell - Setups on EUR/USD, USD/JPY, AUD/USD, Gold

The U.S. dollar rallies on rising U.S. yields and hawkish comments from the Federal Reserve chairman, complicating the outlook for the euro, Japanese yen and Australian dollar.

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Gold, Silver Prices Perk Up, Palladium in Freefall, Key Levels for XAU/USD, XAG/USD

This article examines the near-term outlook for gold and silver prices, analyzing the fundamental and technical factors that could guide the trajectory of these key precious metals.

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Canadian Dollar Outlook: BoC Minutes Unable to Propel CAD Ahead of Powell

CAD prices look hesitant despite an aggressive tone shown via the BoC summary of deliberations last night. USD/CAD preps for Fed speak at key resistance level.

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Australian Dollar Forecast: AUD/USD Extends Bearish Reversal in Fakeout Fallout

AUD/USD rallied strongly last week, clearing key resistance levels, but the breakout appears to have been a fakeout, as the move has led to a sharp bearish reversal.

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S&P 500, NAS 100 Runs into Resistance, Can the Rally Continue?

US Indices have run into resistance but with a spate of earnings after market close can the rally continue?

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Gold Price Forecast: $1950 Key Support Approaches as Bears Eye Further Downside

Gold continued its struggle today as the $1950 support area beckons. Will the Bearish momentum continue?

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EUR/USD Price Forecast: German Inflation Aggravates Euro Drawback

Euro prices slumped in early European trade after German inflation fell sharply. EUR/USD now looks to Fed Chair Jerome Powell for guidance.

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Gold, Silver Price Forecast: XAU/USD & XAG/USD May Get Boost from Macro Trends

This article examines the outlook for gold and silver for the coming days, analyzing the fundamental and technical factors that could guide the trajectory of these key precious metals.

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Australian Dollar Price Action Setups: AUD/USD, GBP/AUD Post RBA Hike

The RBA followed through with a rate hike this morning and yet the Aussie Dollar weakened. Where to next for GBP/AUD and AUD/USD?

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US Dollar Setups: EUR/USD Defies Support After Pullback, USD/JPY Stands Tall

This article analyzes EUR/USD and USD/JPY from a technical perspective, examining recent price action dynamics and important price levels that deserve attention in the short term.

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Reserve Bank of Australia (RBA) Hikes Rates by 25bps, AUD/USD Slides Lower

The Australian central bank increased its official borrowing rate by 25 basis points, in line with recent expectations

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Nasdaq 100 Goes on Bullish Tear, USD/JPY Perks Up as US Yields Resume Rebound

This article focuses on the Nasdaq 100 and USD/JPY from a technical standpoint, analyzing major price levels that could act as support or resistance in the coming trading sessions.

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Oil Price Forecast: WTI Remains Vulnerable Below the 100-Day MA

Oil prices failed to hold onto early session gains to fall into red for the day. Further downside looks likely below the 100-day MA

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Gold Price Forecast: $1980 Support Break Eyed, Do Bears Have the Momentum?

Gold consolidates above a key support area as market participants await further clues. DXY remains key as we have a host of Fed Speakers on the docket which could provide some volatility as the week progresses.

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USD/ZAR Price Forecast: Is the Rand Rally Over?

Rand prices faces firm opposition at a key support zone after a sharp appreciation against the USD.

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US Dollar (DXY) Sell-Off Continues after US Treasury Yields Collapse

The US dollar continues to move lower and eyes levels last seen nearly two months ago, as rate traders price in 100 basis points of rate cuts in the US next year.

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FTSE 100, DAX 40 and S&P 500 Lose Upside Momentum Following Last Week’s Strong Gains​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 as softer US economic data, a subdued Non-Farm Payrolls and dovish Fed statements led to risk-on sentiment.

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AUD/USD Price Forecast: Aussie Dollar Looks to RBA for Guidance

AUD prices trade marginally lower today as investors keenly await tomorrow’s RBA interest rate decision.

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Markets Week Ahead: Gold Muted, Nasdaq 100, EUR/USD, GBP/USD Rip as US Yields Sink

Several Fed officials will deliver speeches in the coming days, including Chairman Powell. Traders should pay attention to their comments for clues on the outlook for monetary policy and impact on markets.

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Gold/Silver Weekly Forecast: Investors Capitalize on Weak NFPs

Gold & silver prices rallied last week leaving technical signal in favor of additional upside as markets prepare for several Fed speakers throughout the week.

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GBP Price Forecast: Pound Clinging to Post-BoE Gains

GBP prices stayed elevated after the BoE decided to hold rates constant yesterday. Today, all eyes shift to US data including NFP and ISM services PMI’s.

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US Jobs Report Preview: Forecast for EUR/USD and GBP/USD

This article provides insights into how EUR/USD and GBP/USD may react to Friday’s U.S. jobs data, while highlighting the specific components of the employment report that need to be closely examined.

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USD/CAD Price Forecast: 1.3900 Holds Firm as DXY Retreats, Will 20-Day MA Provide Support?

USD/CAD Extends downside today thanks in large part to further weakness in the DXY. Will tomorrows NFP reignite the bullish price action on USD/CAD?

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US Dollar Forecast: USD/JPY Slips but AUD/USD Breaks Out After Fed, NFP Ahead

This article examines USD/JPY and AUD/USD from a fundamental and technical point of view, analyzing the key drivers that could guide the markets and that traders should focus on in the near term.

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Dow, Nasdaq 100 and CAC40 Continue to Rally​​​​

​​Indices have continued to make gains, emboldened by the Fed decision last night and an easing back in bond yields.​

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USD/ZAR Price Forecast: Rand Bolstered by Weaker Dollar

Rand prices continued to strengthen after the latest FOMC announcement left the US dollar on the backfoot. USD/ZAR now tests key support around R18.50/$.

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EUR/USD, Gold Forecast: Powell Fails to Steer Markets Towards Another Hike. What Now?

The U.S. dollar could top soon in response to the Fed's cautious outlook. This scenario creates an opportunity for EUR/USD and gold prices to trade higher, but the theory hinges on U.S. data weakening going forward.

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Fed Stays Put, Keeps Hiking Bias; Gold & US Dollar Display Limited Volatility

The Fed held interest rates steady for the second straight meeting, but retained a tightening bias, signaling that future actions will be guided by financial conditions and the trajectory of the economy.

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FTSE 100 Edges Higher while Dax and S&P 500 Struggle

Most indices have moved higher over the past two sessions, putting a possible low for now, but uncertainty prevails ahead of the Fed decision tonight.

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EUR/USD Price Forecast: Euro Looks Vulnerable as All Eyes Shift to FOMC

EUR prices open on the backfoot this morning as attention shifts towards the Fed’s interest rate announcement.

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