Thursday, 28 December 2023

S&P 500 Within Whisker of January 2022 Record High While Nasdaq 100 Ploughs On

Outlook on S&P 500 and Nasdaq 100 as trading becomes lighter towards year-end.

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AUD/USD Price Forecast: Aussie Dollar Eyes US Jobless Claims

AUD prices continue their ascent as US economic data comes into focus later today.

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Wednesday, 27 December 2023

EUR/USD Breaks Out as GBP/USD Surges Toward Resistance, Gold Eyes Record

This article examines the technical outlook for gold (XAU/USD), EUR/USD and GBP/USD, identifying key price thresholds expected to be influential as 2023 draws to a close.

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US Dollar on Cusp of Breaking Down, Key Levels to Watch in Final Days of 2023

This article offers an analysis of the U.S. dollar's technical and fundamental outlook, examining essential price thresholds that could act as support or resistance in the coming trading sessions

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FTSE 100 and DAX 40 Resume Ascent in Line With US and Asian Stock Indices

Outlook on FTSE 100 and DAX 40 during the final week of 2023.

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Tuesday, 26 December 2023

USD/JPY Price Forecast: Guarded BoJ Leaves Yen on Offer

JPY prices were weighed down this Wednesday morning after the BoJ’s Summary of Opinions reflected a hesitant central bank with regards to monetary policy changes.

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Gold Prices Defy Key Resistance Area, USD/JPY Stuck Below 200-Day SMA for Now

This article explores the technical profile for gold and USD/JPY, focusing on important price thresholds that could be relevant heading into the final trading sessions of 2023.

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US Dollar in Risky Waters, Technical Setups on EUR/USD, GBP/USD, Gold

This article examines the technical outlook for EUR/USD, GBP/USD, and gold, analyzing important price levels that could act as support or resistance in the last week of 2023.

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Monday, 25 December 2023

Top Lesson of 2023 - Discipline is Paramount in Rapidly Changing Markets

Trading in forex or other financial assets necessitates a steadfast commitment to a carefully devised plan and effective risk management.

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Sunday, 24 December 2023

Market Week Ahead: Gold Pops, US Dollar Drops, GBP/USD and EUR/USD Rally

The US dollar is trading at a fresh five-month low after data on Friday showed inflation slowing further. Ahead a holiday-shortened week and a quiet economic calendar.

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US Dollar on Thin Ice, Setups on EUR/USD, USD/JPY, GBP/USD for Final Days of 2023

This article zooms in on the technical outlook for EUR/USD, USD/JPY, and GBP/USD, analyzing essential price thresholds to monitor in the final trading sessions of 2023

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Saturday, 23 December 2023

Gold Weekly Forecast: XAU/USD Propelled by Softer US Inflation Outlook

Gold prices extend their upside rally ahead of the last trading week of 2023 which isn’t expected to provide too much in terms of volatility. XAU/USD looks to hold above $2050.

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Friday, 22 December 2023

FTSE 100 Slips as UK on the Brink of Recession while DAX 40 Flatlines

​​Outlook on FTSE 100 and DAX 40 ahead of Christmas holiday.

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Thursday, 21 December 2023

USD Price Forecast: DXY Faces Barrage of US Data

USD prices trade at a major area of confluence that has held firm since May 2021 as core PCE deflator, durable goods orders and Michigan consumer sentiment looms.

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US Dollar Sinks, Holds on For Dear Life, Setups on Gold, EUR/USD, GBP/USD

This article focuses on the technical outlook for EUR/USD, GBP/USD and gold, analyzing the main price thresholds to watch in the coming day

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USD/JPY Price Forecast: USD/JPY May Struggle to Find Acceptance Below the 142.00 mark

USD/JPY tested key support today at 142.00 but a failure to break this level tomorrow could lead to a recovery. Will US PCE data prove to be a much-needed catalyst?

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US Q3 GDP Revised Lower Dragging the Dollar Index Along, Gold Rises

Final reading of Q3 2023 GDP shows US economy grew by 4.9%, downwardly revised from the 2nd estimate of 5.2%. Another positive which adds to rate cut expectations but PCE data tomorrow holds the key.

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Bitcoin (BTC) Eyes a Fresh Multi-Month High, Solana (SOL) Continues to Outperform

Bitcoin is pushing higher again and is close to printing a fresh multi-month high as the cryptocurrency risk on rally continues.

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Dow, Nasdaq 100 and Nikkei 225 Steady after Wednesday’s Losses

Indices hit a brief bout of volatility yesterday, jolting them out of their quiet move higher for a time.

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Wednesday, 20 December 2023

CAD Price Forecast: Loonie Flirts With Key Support

USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...