MARKET NEWS
Nov 09, 2023
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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Nov 09, 2023
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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Nov 09, 2023
Oil Price Forecast: WTI Eyeing a Rebound After Slipping Below 200-Day MA
Oil prices may be eyeing a recovery despite the worsening global outlook and rising demand concerns. Will Bulls be able to drive a retest of the $80 a barrel mark?
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Nov 09, 2023
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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Nov 09, 2023
EUR/USD Price Forecast: FED, ECB President to Facilitate a Move Toward 1.0800?
EURO Bulls eye a return to the 1.0800 mark as price action looks promising. Will the ECB or FED President provide a catalyst or will it be a grind higher?
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Nov 09, 2023
Pound Update: Sterling Eases Ahead of UK GDP Report
Sterling has eased ahead of Q3 UK GDP data tomorrow and continues to exhibit few, if any, bullish drivers
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Nov 09, 2023
Bitcoin (BTC) Continues to Rally as Spot ETF Chatter Gets Louder
Bitcoin (BTC) is back at highs last seen in May 2022 as talk gets louder that a raft of Bitcoin Spot ETFs will be announced by the SEC over the next few days
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Nov 09, 2023
BoJ Moves Closer to Dismantling Negative Interest Rates
The BoJ meeting revealed that progress towards the inflation target and rising wage expectations have necessitated policy tweaks ahead of a withdrawal from negative rates
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Nov 09, 2023
Dow Stalls at Trendline Resistance, but Nasdaq 100 Edges up and Nikkei 225 Rallies
​​After pulling back in recent sessions the Nikkei 225 has moved higher, while the Dow has reached trendline resistance and the Nasdaq 100 makes some tentative gains. ​
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Nov 09, 2023
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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