Nasdaq 100 Up After Support Rejection, Gold Down Despite Collapse in US Yields
In this article, we analyze the technical outlook for the Nasdaq 100 and gold prices, examining major price levels that could act as support and resistance later this week.
US Dollar Setups: USD/JPY Gains as GBP/USD Trends Lower, AUD/USD Hammered
This article focuses on the technical outlook for USD/JPY, GBP/USD and AUD/USD, taking into account recent price action dynamics as well as prevailing market sentiment.
ISM Services Tops Estimates, Job Openings Plunge Weighing on the US Dollar
The US Service sector remained robust in November but job openings hit a 30 month low weighing on the US Dollar. A sign of what is to come from this weeks NFP Print?
Oil Struggles to Reverse Course as US Production Hits Record Levels
Saudi Arabia supports OPEC + decision on rate cuts, US production breaks record levels for second successive month and the US focuses on replenishing SPR levels
Euro (EUR) Latest: Dovish ECB Commentary Weighs on EUR/USD, Yields Slump
The Euro is under pressure again after a dovish interview by one senior ECB board member sent German bond yields sliding to fresh multi-month lows
Dow Holds Gains while Nasdaq 100 Slips Lower and Hang Seng Slumps to One-Year Low
While the Dow has held on to its gains, other indices have suffered losses. The Hang Seng in particular has been hard-hit, touching a fresh low for the year.
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?
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.
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.
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.