MARKET NEWS
Dec 05, 2023
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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Dec 05, 2023
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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Dec 04, 2023
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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Dec 04, 2023
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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Dec 04, 2023
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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Dec 04, 2023
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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Dec 04, 2023
Euro Update: EUR/USD Meets Support, While EUR/GBP Looks to Halt Major Sell-off
The Euro has encountered great difficulty as the currency surrenders ground against a number of G7 currencies as the economic outlook worsens, expected rate cuts accumulate
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Dec 04, 2023
CAD Price Forecast: Loonie Stalls Ahead of BoC
USD/CAD prices are cautious ahead of US and Canadian economic data with the US dollar possibly looking to make a comeback.
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Dec 04, 2023
FTSE 100 Stalls While Dax 40, S&P 500 Near July Highs​​​
​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of this week’s US unemployment data.
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Dec 04, 2023
Bitcoin (BTC), Ethereum (ETH) Surge to Fresh 18-Month Highs
Bitcoin and Ethereum have broken through prior areas of resistance and are back at levels last seen 18 months ago.
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